Quote from: palle11 on Today at 09:23:15 AM

Quote from: 1l1l11ll1l on Today at 06:23:59 AM

Quote

Fear from not taking your chance

This fear is something that can't be eliminated for every trader, even if you are already reliable. Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.

No... An experienced trader would have seen almost or same occurrence repeating itself, so taking the good chance for profit shouldn't be a fear for such trader.

Here are some of the qualities of an experienced trader:

He understands that when making a trade order, he is calling for profit or losses

He is able to read the chart and to recognise a repeated happening and goes for the kill.

Such trader uses money management and stop loss.

Yes, FEAR is just for those who are new to trading, it is for those who are afraid to lose.

He becomes a pro trader because he understands the risk and able to manage it so well. He takes everything of what will be the consequences he faces, either be a loose end or in profit. And aside from that, he knows already his capabilities, he can do trading without any complaint about losing as he already aware of that.