A Funded trader with $700,000 engages in revenge trading 😈

He suffered significant financial losses and gained valuable experience from it. Despite being only 24 years old, he has over 1.5 years of experience. However, he is not just a trader; he is also a psychologist who places great value and importance on his mental abilities and capabilities.

I am referring to @Greckothe1, a trader based in Germany with Turkish roots.

Today's discussion will build upon last week's topic about emotions and focus on revenge trading. We will explore whether it is beneficial or detrimental.

"REVENGE TRADING IS NOT ALWAYS BAD" before we talk deeper lets go over the basic common facts.
Revenge trading is if you go through a hard losing trade or even a losing streak and start to take trades to "make" that loss back quick.
Mostly it ends in a disaster because this "revenge trade" often leads into an additional unnecessary trade witch will end in a loss.

What i want to talk about is, that if you look closely you can even learn something differnt ... something positiv about it.
My biggest two trades in my whole life were revenge trades after a big loss. Ofc it could end bad, but i hope yall are thinking before placing a trade. Therefore a revenge trade is not always blindly out of emotions, me for example .. i still think and calculate before making such a agressive revenge trade.

For sure emotions are a part of it too, but there is still a hidden last-breath gameplan in my mind.
What i learned on a psychological base is, it all .. everything ... your whole trading perspective and experience is fully build on the subconscious beliefe of the market with its expected and unexpected elements.
What you think IS the market like is the way you act within it.
You need to reset your whole "opinion and reality" about the market.
Its bigger and deeper than we all think.
Its fully manipulated, more than we even think.

Imagine this.
In your mind 5% profits per month is a really really great result, therefore you will now always start to struggle while trading at the +2-3-4% area, because you told yourself unaware, that 5% is really well, so therefore the 5% are the (100% max possibility in your head, in different words, the 5% is your max. limit you set in your own mind) therefore you are acting upon this self set beliefes and it affects you physically as well as mentally without you even noticing it.

now you will have it very hard to hit for example a 10-15% profit month, because this is out of your imagination out of your possible outcomes, because you call it "unrealistic" or "risky" , no, this is only the opinion YOU set yourself about this alternative outcome Now lets think about, you say 20-30% is a great monthy return.

Now you have a whole different feeling of this limits in which you live inside, means: that now hitting 5-10% is nearly garanteed (if you have the skill) cuz your mind is not capping your potential at the 4-5% mental target inside your mind.

Therefore it will be nearly bulletproof that if you set your goal very high, you would hit half of this set milestone very very easily while this are still the same 5% as the other trader who thinks and tells himself that 5% is a really great month.
Nothing wrong with that, again, calm down. I am just comparing you two different mental approaches.

Your own mind, is creating your own usual actions, the depth of your actions in acting and thinking. Before even action or hustling, you need to set yourself a healthy and supportive "mental game" because if you set your mental games too low .. too small it will only damage you later on in your journey.

Cuz now you not only need to build your trading skillcap but also you need to build a far more complex mentalgame because you are far behind .. its more difficult to change your subconscious beliefes and opinions about something than changing your "aware" actions in the moment.

Ofc you can control yourself IN the present moment .. but not always ;) And right there the big mistakes happen, in a single moment where you dont have the mental disciplin or strenght to resist the emotional moments in a trade where you "overleverage" or "overtrade" this are all just weak moments of your mind, where you let the bad habits and actings slide through your mind into reality.

thats what i learned, to conquer your mind, you first need to let your mind conquer you and then you are looking for points of weakness and vulnerable gaps in the defence of your mind and conquer it with disciplin, stoicism, willpower and mindfulness.
Take a moment to think about that.

You can find this post on of him here:
https://twitter.com/Greckothe1/status/1673344764068896769?s=20

And Please checkout his Instagram:
https://www.instagram.com/greckothe1/

Join our vibrant Discord community, where traders of all levels unite to share insights, ask questions, and engage in meaningful discussions. By becoming a member, you'll gain access to valuable resources, receive support, and connect with like-minded individuals who share your passion for trading.

We greatly value your feedback as it helps us enhance our offerings and better meet your needs. Your thoughts and ideas are truly appreciated, so please don't hesitate to share them with us on Discord. Together, we can foster an environment that nurtures growth, learning, and success.

Thank you for being a part of our newsletter community. With the right mindset, continuous improvement, and the support of our Discord community, you can embark on an extraordinary trading journey and transform your aspirations into reality.