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Revengeful style of Trading

Posted By On 1/07/2009 10:46:00 PM Under

Revengeful style of trading is undertaken by the day traders when they want to make money from the trade which has inflicted a loss to them. Thus if a tip has been given and same hits the stop loss than one need not reenter the trade as and when again it reaches the entry price level.

A number of trading opportunities exist but mind says that again enter in a trade in which one has booked a loss as mind wants to prove this fact wrong that as a day trader one has suffered the loss. It is a mental calculation where the profit and loss in a trade is set aside and thus a day trdaer wants to come out of the trade as a winner as if one is waging a war against the nation. Thus keep mental blocks aside and trade with an open mind.

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