How I Overcame Revenge Trading (And Saved My Account)

Revenge trading nearly destroyed my account. Here's how I fixed it:

The Problem: After every loss, I'd immediately open a larger position to "win it back." Lost $3,200 in one afternoon doing this.

What Changed:

1. Mandatory Break Rule

   • After any loss: 2-hour minimum break
   • After 3 losses in a row: Stop for the day
   • No exceptions

2. Pre-Trade Checklist

   • Am I calm and focused? (Yes/No)
   • Is this based on my strategy? (Yes/No)
   • Have I waited the required time? (Yes/No)
   • All must be YES or no trade

3. Daily Loss Limit

   • Max 3% account loss per day
   • EA automatically stops at -3%
   • Cannot override it

4. Trading Journal

   • Record emotional state before each trade
   • Review weekly to identify patterns
   • Realized most losses happened when angry/frustrated

Results: Went from losing 2 months to profitable 4 months in a row. Win rate improved from 43% to 61% just by controlling emotions.

Anyone else struggle with this? What techniques worked for you?