You have an open position and the market’s not going your way. Maybe you could make it up with a trade or two that don’t fit with your trading plan…just a couple couldn’t hurt, right?
“Revenge trading” rarely ends well. Don’t let emotion get in the way of your plan for successful trading. When you have a losing trade, don’t go all-in to try to make it back in one shot; it’s smarter to stick with your plan and make the lost back a little at a time than to suddenly find yourself with two crippling losses.