Trading in the Red: Hope for an Edge or Just Revenge
The financial markets are unforgiving one wrong move or one emotional decision and your account can bleed faster than you ever imagined. But what happens when someone is already deep in the red? Do you keep trading because you believe in your edge,or are you just chasing losses hoping for revenge against the market this has been my dellima over the the past few years as a a traders we face significant losses often times two psychological forces often take over us which are
**Hope for an Edge (Hopion) ** : The belief that with enough experience adjustments, and discipline we can turn things around.
**Revenge Trading (Payback) ** – The desperate emotional need to recover losses quickly often leading to even bigger mistakes.
The difference between the two scenarios is Self-awareness.