Revenge Trading
Taking impulsive trades immediately after a loss to try to "get back" — the #1 account killer in retail trading.
A trader in the Candleread Discord lost $200 on a clean EUR/USD setup in Feb 2024. Revenge traded six more times. Finished the session down $1,400. Recovered over the next two months. But the $1,400 was 100% avoidable — one rule would have saved it.
Related terms
Tilt
beginnerThe emotional state where you're trading from anger, fear, or frustration instead of your plan — the precursor to blowing up your account.
FOMO
beginnerFear Of Missing Out — the urge to chase a move that's already running, usually resulting in buying the top or shorting the bottom.
Overtrading
beginnerTaking too many trades — usually driven by boredom, FOMO, or revenge — and bleeding capital through commission, spread, and forced setups.
Discipline
beginnerThe ability to follow your trading plan exactly — without deviation — regardless of how you feel in the moment.
Trading Journal
beginnerA written record of every trade you take — including reasoning, emotions, execution quality, and lessons learned.
Anchoring Bias
intermediateThe tendency to rely too heavily on the first piece of information you see (the anchor) when making decisions.