The thing is that many people doesn’t know that the problem is internal, and most of them have been taught to use options solely for leverage and they could make lots of money just by capitalizing on news and earnings releases, they never know how to manage their risk, what they are doing are of no difference than betting on a Baccarat, banker or player. Its full of emotions and they will double up their bets hopefully to win back the next round. They have been misled and have become reckless gamblers and by the time they began to realized it, they have been turn into trading zombies.

Nice site!

From my trading experience, it seems that the only way to prevent the ‘revenge trading black hole spiral of trading death’ is to use the emotion of ‘comfort’ or ‘peace’ to guide your trading making decisions. If your trading system makes you uncomfortable you need a different system. If the instrument (stocks, forex, s&p eminis…) you are trading makes you uncomfortable, you need to trade something else.

“Know what you are doing. Do what you are knowing. Wait for the best and don’t even entertain the rest.” - me (i just made that up lol) - isn’t that something similar to Warren Buffet’s philosophy?

Since your emotions will come into your trading no matter what you do, you mind as well use them to help you make money trading instead of losing money trading. You need to find the way of trading that makes you happy.

And sorry to say, it will never happen if you are depending on the markets to make you money because you need it. If you are desperate for money… don’t trade! Why? Because the markets love to take money from the desperate, the scared and the greedy. The markets are experts at doing so!

I could write another 200 pages on this topic but i’ll spare your blog

Chris from opivotrading