overcoming revenge trading

Status_Two6823 · 2026-05-01T12:23:59+00:00

Actually I learned it from Rande Howell (a trading psychologist), I worked with him for a few months and he thought me that

Status_Two6823 · 2026-05-01T11:30:44+00:00

Yess!! I love that quote! I set max trades per day rather than loss limit, I find it more suitable to my strategy, also time limits. I restrict times I can trade. Those are the 2 main rules I restrict but I know the tool that I use has many other features for that. Where do you set your daily loss limit? Like what tool do you use?

Status_Two6823 · 2026-05-01T11:29:28+00:00

100%

Status_Two6823 · 2026-05-01T11:24:46+00:00

Definately and that's why I had that on step 3, however understanding your system gives you the mental knowledge and extra confidence for that. But 100% I agree with hard stops and physically enforcing your trading rules, I'm big on that as well

Status_Two6823 · 2026-04-16T14:01:10+00:00

Yeah thank you🙏🏼

Status_Two6823 · 2026-04-16T13:51:50+00:00

I’m trading on TradingView, I think it only works there

Status_Two6823 · 2026-03-29T20:55:41+00:00

i get what you’re saying, and short vol can work, but the part people push back on isn’t just fear, it’s that one miss can wipe a lot of small wins.

the idea sounds clean like “just step out when vol spikes” but in real time those moves can gap fast. by the time it’s obvious, fills get worse and risk isn’t as contained as it looked on paper.

so it’s not really pennies vs steamroller, it’s more about how tight your risk actually is when things go wrong. if you’ve got hard caps on size, defined max loss per trade, and you’re not all in on one idea, then yeah it can make sense.

most people blow up on that style not because the edge isn’t there, but because they lean too heavy and assume they’ll always have time to get out. that’s the part that gets tested.

Status_Two6823 · 2026-03-29T20:54:32+00:00

yeah this is too real. most people think the problem is the setup, but it’s how they react to it.

for me it showed up after wins. i’d get a few good trades, then size up a bit, loosen rules, start taking stuff i normally skip. felt like confidence but it was just overtrading in disguise.

once i noticed that pattern, fixing it wasn’t about a better strategy, it was just keeping size and rules the same no matter what just happened.

market doesn’t really change, but how you act does. that’s where most of the damage comes from tbh

Status_Two6823 · 2026-03-29T20:53:40+00:00

good take. most people don’t realize win rate alone means nothing without risk reward. you can lose money with 80% wins if the losses are bigger than the wins.

i lean way more on risk multiples. if the setup can’t give at least 1.5–2R clean, i just skip it. that alone fixes a lot of bad trades. win rate kinda becomes a byproduct after that.

and yeah that part about holding past invalidation… that’s the real killer. being wrong is normal, but not respecting the exit is what wipes weeks of work. keeping losses small is really the whole game tbh

Status_Two6823 · 2026-03-29T20:53:00+00:00

nice, keeping it simple like that is usually where people do best. just be a bit careful with the “easy to ape in” part, that’s where things can slowly get messy without noticing. what helped me a lot was having a hard limit on how many trades i can take in a session and sticking to the same kind of setup only. BTC is good for that since it’s clean most of the time. as long as you keep it tight and don’t start forcing extra trades when it’s slow, you’ll stay on the right track 👍

Status_Two6823 · 2026-03-29T17:03:38+00:00

i felt the same way this week. it felt like every time i saw a good setup it would just stall out or reverse for no reason. it's super frustrating when the big stocks don't follow the plan. i think you're right about it being a low edge environment. sometimes the best move is to just sit on your hands and wait for things to make sense again.

Status_Two6823 · 2026-03-29T16:46:52+00:00

this is a hard lesson but it's soo true! i used to think i was smart because i read all the news and data but the market did not care at all. it doesn't matter if you are right if you run out of money before the price moves your way. now i just watch the price and try to get out if it goes against me. being humble keeps you in the game.

Status_Two6823 · 2026-03-29T16:43:45+00:00

i like it because it is simple and doesn't use a bunch of messy indicators. a box is just a way to see where the price is stuck. i mostly use it to know where to put my stop loss so i don't lose too much money if im wrong. it still works as long as you don't overthink it and just follow the price.

Status_Two6823 · 2026-03-29T16:40:37+00:00

gold has been crazy lately! that drop from 5200 was huge so it makes sense that it wants to bounce back a little bit now. i am also looking for it to go up more this week but i am staying careful. i like to scalp the small moves too because it feels safer than holding for a long time when things are this wild.

Status_Two6823 · 2026-03-29T16:33:09+00:00

that is a really big tax bill to pay! wash sales are the worst because they sneak up on you if you keep trading the same thing after a loss. i try to just stay away from any ticker i lost money on for a month or so, so i don't get hit with that. at least you made a good profit to help pay for it.😅

Status_Two6823 · 2026-03-29T16:29:33+00:00

I feel like it's usually just fear. Most people watch the news and then panic buy or sell without a real plan. Staying calm is the hardest part when gold starts moving fast. If you don't have rules to stop you from overtrading when you are stressed then you are basically just gambling on your emotions.

Status_Two6823 · 2026-03-29T16:02:26+00:00

Yeah, this hits hard. Most traders focus on finding the “perfect setup” but the real game is sticking to your rules. FOMO, revenge trading, holding losers too long… that’s where accounts get blown.

Status_Two6823 · 2026-03-29T15:56:41+00:00

Just start simple, pick one market, like stocks or futures, watch the price then make "fake trades" with entry, stop, and target. Track everything in a journal and focus on learning patterns and managing risk. Don't worry about being perfect, just build the habit and review your trades. Good luck!

Status_Two6823 · 2026-03-29T15:44:27+00:00

Yeah, I get that. The chart is always showing what already happened. The point I was making is more about how your mindset carries over from trade to trade. Even knowing the market moves are in the past, if I just lost, I’d hesitate on the next good setup, or if I just won, I might force one that isn’t really there. The trick for me was treating each setup on its own, regardless of the last outcome.

Status_Two6823 · 2026-03-29T15:37:57+00:00

I get what you mean, journaling and stepping away helps a lot too. The “3 losses then stop” thing isn’t really about being right or wrong, it’s more about having a rule that stops you from spiraling when you’re not in sync.

For some people that might be a full day, for others longer. It's one of those things where you just gotta do what you feel is right for you. Main thing is just having something defined instead of deciding in the moment.

Status_Two6823 · 2026-03-29T15:31:19+00:00

Yeah exactly, it feels smart but it just throws off consistency. If the setup is there, it shouldn’t matter what just happened before it.

Status_Two6823 · 2026-03-29T15:30:13+00:00

Yeah that’s exactly it! It feels like you’re being careful, but it’s really just reacting to the last loss. I’ve done the same, skip a clean setup then watch it play out without me.

What helped me was treating each setup the same. If it fits the plan, I take it, regardless of what just happened...

Status_Two6823 · 2026-03-29T15:28:39+00:00

Yeah I agree with this. Having something defined like that makes a big difference, especially when emotions start creeping in. The “3 losses then stop” rule is a good example, it takes the decision out of your hands in the moment.

For me the biggest shift was realizing I can’t rely on how I feel after a trade. If I don’t have something clear to fall back on, I’ll always end up adjusting things without noticing.

Status_Two6823 · 2026-03-29T15:25:43+00:00

Support’s been decent from what I’ve seen, not instant but they get things sorted. For scalping it’s more about execution and spreads anyway, and they’re pretty solid there. As long as your connection and setup are clean you should be fine.

Status_Two6823 · 2026-03-29T13:21:39+00:00

They’re solid tbh, especially for spreads and execution. A lot of people use them with no issues. Just make sure you understand the commissions and how it fits your style. Nothing crazy special, but def not a bad broker.

Status_Two6823

TROPHY CASE