Revenge Trading, a dish best served cold... and expensive

Revenge is a dish best served cold. Revenge trading is the impulse that pushes you to reopen a position immediately after a loss, not because the analysis justifies it, but to “remake yourself” as quickly as possible. Emotion takes the place of the plan, and the account generally takes a second slap, then a third. This is one of the most documented psychological biases in trading, and the crypto market, open 24 hours a day and hyper-volatile, offers an almost perfect field of expression, a thousand miles from the discipline required by a well-constructed risk/return ratio. Twelve liquidations in twelve hours, and he wants more... (continuation of the article as it was provided)