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Originally Posted by jcool123
Bobnut,
We all know that losing while trading is normal. As far as we follow good money management, we will be ok. But that article is for someone who is starting not for "Pros" like you and others. It is normal for someone who is starting to revenge the market once he has lost and he will try to make silly mistakes by forcing the trade. I believe that writer is using that fact and adding it to his article. I hope it makes sense.
Take care
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No, it makes no sense whatsoever. There is absolutely no sense to teach a beginner a technique that is wrong and that will have to be changed if the student is to be successful.
Yes, it is common for people to want revenge, but teaching them that the reason they shouldn't do it is because they made a mistake when they lost a trade is just outright stupid and irresponsible. If you want to circumvent revenge trading, there are effective ways to do so. Lying to oneself about the nature of the activity is not one of them.
Nat