Revenge trading is the irrational desire to win back your losses from the same market or stock that you lost money in.

Why is it Important to Avoid Revenge Trading?

  1. It makes you blind to other trading opportunities. 
  2. You allow feelings to override your trading plan. 
  3. You don’t have to make back money the same way you lost it. 
  4. There was a reason you lost money in that trade, don’t revisit it. 
  5. Revenge trading is not a part of a profitable trading system.

Never put your desire for revenge due to a losing trade over your long term goal of profitable trading.