▲ 2 r/Trading
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u/Fresh-Guard-7764 — 21 hours ago
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I'm a day trader. NYSE, Forex, Commodities.
Last week I went short on something clearly overbought. Market moved against me. Instead of taking the £200 loss I averaged down. Then again. Two hours later I'd turned a small loss into a much bigger one.
The worst part — I knew exactly what I was doing wrong in real time and couldn't stop myself.
Is this just me or is lack of discipline the number one killer for most retail traders? How do you personally stop yourself from revenge trading or averaging into losers?
Genuinely curious what works for people.