#revengetrading

How Revenge Trading Destroys Small Accounts

"Omo, this market don collect my money. I must collect am back today."

If you've traded forex for some time, don't pretend you've never said those words. I know I have.

The funny thing is, when you first entered that trade, you had a plan. You knew where your stop loss was. You knew your target. Everything looked fine.

Then the market hit your stop loss.

Instead of accepting it and moving on, something changed inside your head.

You weren't trading anymore.

You were angry.

And anger is one of the worst trading partners anybody can have.

I remember one day I lost a trade that looked perfect. Everything agreed with my analysis. Trend was fine. Entry was clean. Even my risk management was okay.

Still, the market said, "Not today."

I was annoyed.

Instead of closing my laptop, I sat there staring at the chart like the market owed me money.

Five minutes later, I entered another trade.

Not because I saw a setup.

Not because my strategy told me to.

I entered because I wanted my money back.

Na there wahala begin.

That second trade lost too.

At that point, common sense had already left the room.

I increased my lot size.

"If I catch one good move now, everything go balance."

Who sent me?

The market collected that one too.

Before I knew it, one small loss had turned into something much bigger.

The painful part wasn't even the money.

It was knowing that I caused it myself.

The first loss wasn't the problem.

The real problem was refusing to accept that losing is part of trading.

Many beginners think professional traders never lose.

That's not true.

Ask any experienced trader, and they'll tell you the same thing.

Losses are normal.

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