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Avoid revenge trading from "summary" of Trading in the Zone by Mark Douglas
When you experience a losing trade, it's easy to fall into the trap of revenge trading. This is when you try to make up for your losses by immediately entering another trade without a solid plan or strategy in place. Revenge trading is driven by emotions like anger, frustration, and the desire to prove yourself right. However, this kind of impulsive behavior is a surefire way to dig yourself into an even deeper hole. Instead of revenge trading, it's crucial to take a step back and assess the situation objectively. Ask yourself why the trade went wrong and what you can learn from it. Accept the fact that losses are a natural part of trading and focus on maintaining a disciplined approach. Remember, the market doesn't owe you anything, and revenge trading will only lead to more losses and emotional...
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