In the previous TradingView article we spoke about FOMO (Fear of Missing Out). And why it is really not necessary to deal with. There is always the next trade coming. There is always another opportunity coming your way. There is always time to take the next one. No we are going to unpack the five hidden dangers of trading with FOMO and how to sidestep them...
What is FOMO? FOMO, or the "Fear Of Missing Out," is a pervasive apprehension that others might be having rewarding experiences from which one is absent. This social anxiety is characterized by a desire to stay continually connected with what others are doing. It's rooted in the human instinct to be part of the tribe and not to miss out on opportunities for...
A $10 account that Im trying to record my trades on it to figure out my mindset and thinking and what I should do and what I should not do.What are my strenght and weakness and things I know that are wrong todo but I do it anyway due to NOT able to control the emotions What Ive done Wrong: 1 Open a Long position at a bad place 1-I didnt close at 28.3 where I...
FOMO is the lost profit syndrome. Now it is especially common due to the popularity of smartphones and social networks. Many are simultaneously afraid of social isolation and worried about lost opportunities. A similar situation is possible in trading. As soon as traders see a bullish trend, they start opening trades and buying those assets that match their...
Greetings everyone! Here are ten crucial terms every crypto trader should know: ATH - The highest price ever recorded. It represents an asset's peak value and often signals potential profit for early investors. ATL - The lowest price ever recorded. Breaking ATL can trigger further price declines, leading to potential buying opportunities or increased...
Hello Friends! In the midst of volatile market periods like the present, I pen these words with a deep understanding of their significance. Today, numerous coins have soared by +100%, leaving many behind in their meteoric rise. Perhaps you were among those who went "short" and faced losses. The emotional turmoil in such situations is palpable, and I wish to...
⚡Retail traders often find themselves entangled in false breakouts or breakdowns. However, it's important to recognize that taking advantage of breakout opportunities isn't inherently flawed. The key lies in being mindful of the associated risks and never trading beyond what is considered an acceptable level of risk. By doing so, traders can protect themselves...
🔥 Do you ever feel the Fear of Missing Out (FOMO) when trading? 🔥 It's a common struggle, but fear not! In this post, I'll share five crucial points that have been instrumental in helping me gain control over my psychology throughout my trading journey. 😎 Embrace the Unpredictability: The market is a wild ride, and it can change direction in the blink...
These are some of the most common terms you will hear around social media and often see them mentioned around trading related content. The best advice is to trade what you see in your chart, not the psychological noise of others 📌 FOMO Fear of missing out is a common psychological event, especially when it comes to trading. You see prices go up and you feel...
As we discussed many types, psychology plans a crucial role in trading. Even the best strategy in the world, can be screwed by emotional decisions. In this educational articles, we will discuss 5 common fears in trading and the ways to overcome them. 1️⃣Fear of the Unknown. Lack of experience make many traders face "unusual" situations on the market: the...
☑️A trader with a plan is someone who has a well-defined trading strategy that outlines their entry and exit points, risk management approach, and overall trading philosophy. ☑️They have a clear understanding of the markets they are trading and make decisions based on objective analysis and research. They are disciplined and stick to their trading plan, even...
A bit of a different video for you.. Thought i should talk about a sensitive subject here.. Psychology in trading and the key factors that you may need to finally BECOME a better trader.. In this part, I talk about FEAR and FOMO. Also, I added a more sensitive part, which is feeling burnt out and ways to overcome that. Hope you find this helpful!
📉Fear Of Missing Out (FOMO) / SHORT scenario. Fear of missing out, or FOMO, is the feeling of anxiety or regret that can occur when someone believes that they have missed an opportunity to invest in a stock or crypto currency that is increasing or decreasing in value. This feeling can be triggered by seeing others making money from a particular investment, or...
What is FOMO? FOMO - Fear of missing out or Lost Profit Syndrome - an obsessive fear of missing out on an investment opportunity. This syndrome can overtake in any everyday situation and make you remember missed chances to get rich all day: ignore the growing popularity of cryptocurrencies, not invest in bitcoin and many other short-sighted actions. To determine...
⚠️FOMO, or "fear of missing out," is a common emotion that can lead to impulsive and potentially reckless trading decisions. ⚠️ ✅Here are five key rules to help you respect and manage FOMO in your trading: 🔵 Use risk management techniques. Proper risk management is critical to successful trading. This includes setting stop-loss orders to limit potential losses...
JS-Masterclass: FOMO-Trading #2 In the first FOMO tutorial, I have summarized the characteristics of a FOMO trader and explained contributing factors which encourage FOMO-trading. In this tutorial, I will compare the typical behaviors of FOMO traders versus disciplined traders and give tips to overcome FOMO-trading. FOMO TRADERS VS DISCIPLINED TRADERS The...
JS-Masterclass – FOMO (Fear of Missing Out) Definition FOMO – Fear of Missing Out - is a relatively recent addition to the English language, but one that is intrinsic to our day-to-day lives. A true phenomenon that affects many traders and can be a major hurdle to become a successful trader. For instance, the feeling of missing out could lead to the entering...
MAIN TALKING POINTS: What is FOMO in trading? What characterises a FOMO Trader? Factors that can Trigger FOMO DailyFX analysts share their FOMO experiences Tips to overcome FOMO WHAT IS FOMO IN TRADING? FOMO in trading is the Fear of Missing Out on a big opportunity in the markets and is a common issue many traders will experience during their careers. FOMO...