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.📈
⠀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.⚠️
⠀So, what exactly can you do to prevent emotion-connected issues?
⠀Accept the fact that you cant buy at the lowest and sell at the highest prices;☝🏻
⠀Dont be looking at the charts all the time;❌
⠀Use a trading plan ruling how to deal with profits and losses;📝
⠀Follow your own plans, dont compare your results with results of other traders too often.👨🏼💼
but the most important part that you missed to indicate is "Never trade when your not ready"
readiness means:
--complete sleep
--not angry or sad
--and not in a Hurrybecause our emotion will lead us to either bad or good decisions
These three things influence very much in peoples lives because not taking complete sleep means that a person is not in a condition to decide whether he doing good or not and I think trading is something which need much intelligence and activeness which a tired brain cannot manage, and having angry or sad mind could not do any proper decision about buying or selling in trading, so always be comfortable while trading then your emotion will be control.