The Trader Who Couldn’t Let Go

Meet Alex, a retail forex trader who started with $10,000 portfolio and after a few winning trades he felt invincible as was able to wreck in some profit and became cocky.. Then came the losing streak as a result of bad risk management overtrading, and stubbornness turned his account into $3,000.

Instead of stepping back rethinking and restrateging , he doubled down taking higher risk than he usually takes revenge trading hoping to recover every thing he has lost over a short period of time.

He increased his lot size, trying to recover losses in trade on EUR/USD bet which wiped out another $1,500 in the following Week he was Convinced the market "owed" him, he revenge traded news events without a plan and Another $1,000 gone, then to the third Week which he still lost another $500 before he finally paused. Now I know he has a setvuonbut the question is Was he trading for an edge, or just fighting the market out of anger?

The Turning Point for him was when realized he wasn’t trading he was gambling He took a month off, studied his mistakes, and rebuilt his strategy with strict rules to build his confidence by starting off with Smaller positions (1% risk per trade) learned how to remove his emotions from his set up with No emotional entries as he is now waiting for confirmed setups) and started to Journaling every trade (to track patterns) .

After a few months he was back to breakeven and even make i little profit which he labeled as his trading school fees and this happend because he was not revenge, alsl because he had refined his edge.

If You are Trading or Revenge Trading?

Ask yourself:

✅ Am I following my strategy, or impulsively chasing losses?
✅ Do I have a proven edge, or am I just hoping luck will save me?
✅ Would I take this trade if I were in profit, or only because I’m down?

If you’re trading out of frustration stop. The market doesn’t care about your losses, But if you can step back reassess and return with discipline there’s always a way forward.