Never Try to revenge your trades!!!

[Danny]

Hi forumers;

I have come across many stories about traders who lost it all after they tried to force themselves into trades just for the sake of revenging a losing trade. I have been the victim of my own mistakes so many times. And Always after losing a trade I try to double my stake so that I will end up with some profits. What happens is that you end up losing all what you had left or if lucky, you could get out with your money back...
I decided to stay out of the markets whenever I am not performing well, and I decided to never chase a losing trade, THERE IS ALWAYS TOMORROW...

[Noah]

Just another commun mistake between all the traders, whether they are new to trading or experienced ones...

[jason]

Hi forumers;

I have come across many stories about traders who lost it all after they tried to force themselves into trades just for the sake of revenging a losing trade. I have been the victim of my own mistakes so many times. And Always after losing a trade I try to double my stake so that I will end up with some profits. What happens is that you end up losing all what you had left or if lucky, you could get out with your money back...
I decided to stay out of the markets whenever I am not performing well, and I decided to never chase a losing trade, THERE IS ALWAYS TOMORROW...

Tell me about it mate. Lat week, I started the week with some nice trading and some really good profits, I traded a little but it was all efficient, until last Thursday, I made the wrong move trading the FTSE and it sucked me, I tried to get back and doubled my position, and the markets didnt stop climbing!!! It took one day to wipe out the gains I made for Monday, Tuesday and Wednesday...
Like all of you we all say we will not fall into these mistakes again, but we don't actually know until we're banged ....

[Mouthy]

Just another commun mistake between all the traders. We lose a bit and try to double up our stake or go the other alley and all what happens is same mistakes here and there... once it is a bad day, just get out!!!!