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.👨🏼💼You know, it's easy to set our minds into something we really need to accomplish, for instance not letting yourself be emotional when it comes to trading. It is easy if we're just gonna deal with it internally and will focus on our goal of not being swayed and mess up your trades. The only thing that affects us emotionally is mainly driven by external factors like being pressured about what we are seeing and thinking that we should be doing at the moment. We need to stop comparing other's situation to our's because we might envy them and aim for they have right now then do an impulsive decision that could mess up everything and take us far from the big thing that is waiting for us on our own road.