Best there is

[50/50]

Quote from ocean5:

in getting my money back sometimes,then to make more...Maybe it is all about focus and concentration.If you are that way sometimes,stay focused all the time!

Can't money lost back, that money is forever gone.can only make "new" money.

 

[pythontrader]

Quote from jack hershey:

How you feel during trading is something that comes from below the neck.

The fear, anxiety and anger that you feel is from the ancient "survival" syndrome that is now inborne.

Jack, how I feel about you man comes straight from the heart. Just straight from the heart man. Believe me. It is inborne indeed.

God I love this man. Is your refrigerator still working?. Not a good idea to buy this shit in Slovenia you know. But you can make it work. Just open the door and put something inside. Do the MADA for 10 hours and voila the Dacia has 6 transmissions and is cold. Thank me later.

 

[riffrafffpatrol]

Quote from oraclewizard77:

Every time you trade, you need to be focused, have a goal, remember your setups. Wait for your setups. If you lose, don't get emotional, don't revenge trade, wait for the next day to calmly trade correctly your edge.

I made some money this week, but I was scared of giving it back on Friday, so instead of trading with real money, I sim traded, and of course made a profit. I should have realized that if I just set a normal stop, worse case, I would have only given back a little profit if I lost on a trade on Friday.

I think the cause of revenge trading is not being able to take a loss, but its easier to make back your money, if you don't keep digging. Just remember some days, your setups may not work, so don't keep trading on those days.

Have you read Trading in the Zone by Douglas? He would chastise you for not trading on Friday. One must recognize that there is uncertainty on EVERY trade you take--- regardless of the edge that has been proven by your stats-- there is NO REASON TO NOT TRADE simply because you don't want to give it back....completely wrong mindset.