https://c.radikal.ru/c11/1910/12/39d80ac8b744.png
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.👨🏼💼
I totally agree with this opinion. But in fact, it's really hard not to compare with other
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.👨🏼💼
I totally agree with this opinion. But in fact, it's really hard not to compare with other