Revenge Trade – QQQ Will Take You Lower

You’ve heard of the revenge trade right?

After you’ve been knocked over the head with a baseball bat, and the market has run off with most of your account – you then decide “I’m gonna get it all back”!

Let’s say you go out and do something stupid…like…really stupid, totally stupid, “moronic” like you decide “right now” to go out and buy Tech /QQQ and “get long technology” as means to exact your revenge.

Can anyone say “doublé whammy”?

When acting on pure emotion, traders / investors don’t make good decisions. The revenge trade ( more often than not )  kicks you in both knees, spits in your left ear, and leaves you in broken heap – crumpled on the sidewalk. Nothing good will ever come of this, and the lesson comes hard.

Check you head. Kick back and re-evaluate. Go for a walk. Drink some beer.

Prepare for the “next leg down” in technology.




6 Responses

  1. FXrose April 28, 2014 / 4:28 pm

    a.k.a. the FLY trade…….

    • Forex Kong April 28, 2014 / 8:53 pm

      I hadn’t noticed but…..if that’s the case – wow.

      Somebody gonna be in “soooooome trouble” wow!

  2. PlayThePlan April 29, 2014 / 3:56 am

    Excuse my ignorance but “…a.k.a. the FLY trade…” + “…I hadn’t noticed but…..if that’s the case – wow….”

    To what do the above relate too please?

    Thank you

    • Forex Kong April 29, 2014 / 7:17 am

      It relates to absolutely nothing Forexwise – just reference to another financial blogger who has recently fallen on hard times.

      • PlayThePlan April 29, 2014 / 8:30 am

        Thought it was something trading related that I should be monitoring – lolz

        Thank you

  3. Power Corrupts April 29, 2014 / 6:41 am

    25 new highs, 110 new lows on the US OTC market yesterday (Monday, 4/28)

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