FOMO feeling in trading

[dushimes]

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Trading and FOMO - Fear of Missing Out

I like to think of myself as calm and collected, but the truth is I’m not as level-headed as I would like. When Pfizer’s vaccine was announced, I rushed to buy “recovery” stocks. I had to placed “market orders” to get part of the action, and, as a result, paid more than I would’ve if I’d waited a couple of days for prices to fall a little. I’m not hugely under-water, but I gave in to my emotions and fear of missing out. This isn’t the first time it’s happened. In my opinion, the best way to ma…

Plan vs Fomo Effect

[image] :ballot_box_with_check: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. :ballot_box_with_check: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 in the face of losses or market volatility . They avoid impulsive decisions and emotion…

FOMO and Chart time

Hi guys, how to get rid of bad trading habit of staring at chart when you have a running trades? and how do you manage to avoid FOMO? Suggest simple solutions pleas! Thanks in advance.

What Are Factors That Can Trigger FOMO Trading

FOMO or Fear Of Missing Out is an internal feeling, but one that can be caused by a range of situations. What triggers your FOMO?