Hello Deriv Community members
It’s crucial to keep your emotions under control as market conditions constantly change.
Revenge trading refers to a trader’s emotional response to a significant loss. It’s a reaction triggered by disappointment over the substantial loss.
How to avoid revenge trading?
- Use risk-management features like stop-loss.
- Keep a trading journal and follow a routine. This can help you become a more disciplined trader. Establishing a routine will aid you in developing a trading habit that will allow you to achieve your long-term trading goals.
- Keeping your emotions in check
- Practising your trading skills with a demo account
Hope the above information is useful for everyone.
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