3 Sins of a Revenge Trader!

Listen, there are only two types of market environments…

FAVOURABLE – Where the price movements yield high probability trade setups…

UNFAVOURABLE – Where the movements in the market do NOT offer high profitable trade setups…

For example… With my breakout MATI Trader System, I need a market that has broken out of a sideways range in order to ride and profit from it…

If the market stays in the sideways range, and I want to revenge trade… Whether I buy or sell, I will LOSE every time…

That’s why you need to remove the emotions and personal opinions from your analysis COMPLETELY.

The markets have no idea who we are and they don’t care whether we won or lost…

WAKE UP! There is no catch-up
If that revenge is flowing through every inch of your body, and you think you can play catch up – WATCH OUT.

Most revenge losers, will just try to reverse their trading positions and swing the other way…

This is JUST as dangerous for your portfolio…

You’re committing three sins when you try to revenge trade…

SIN #1:
You’re going against your proven trading strategy

You’re tempted to trade on impulse rather than following your logical and winning trading system.

SIN #2:
You’re over-trading
This is when you take more trades, to try to feel better about your loss you made…

SIN #3:
You’re trying to play catch-up
This is where you’ll take try to make up for your losses, by just taking trades by chance

You’ll need to stop the revenge trading before it becomes a habit…

Trade well, live free,
Timon
MATI Trader

PS: Next article I'll share my solutions to Revenge Trading