One of the most popular emotions among traders is a notorious fear of missing out,
or simply FOMO, which picks when the market is high.📈
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Watching the price of an asset soaring higher and higher, while out of the deal,
a trader often feels even worse than in case of losses.⚠️
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So, what exactly can you do to prevent emotion-connected issues?
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Accept the fact that you cant buy at the lowest and sell at the highest prices;☝🏻
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Dont be looking at the charts all the time;❌
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Use a trading plan ruling how to deal with profits and losses;📝
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Follow your own plans, dont compare your results with results of other traders too often.👨🏼💼
We should always be observant and patient, by this we can make a perfect timing on when to trade. Always think critically and make a good decision, for you to have a win win trades. Make a strategy or plan on how to execute your moves to prevent loss and regrets. You should always take the risk but you need to become wise when it comes to decisions it trading. Understand the chart for you to observe and secure the right time to trade.