Quote from: Finestream on September 21, 2023, 09:07:04 PM

Quote from: goaldigger on September 20, 2023, 09:50:28 PM

Quote from: MarathonA on August 31, 2023, 01:49:39 PM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

This is normal, what you can do is to set-up your target and commit on that because if you are too emotional then you might continue to experience this especially if there’s a lot of hype and fud in the market. Learn the process, understand the concept and be more confident with your strategy, this is the only way to battle the emotion to stay realistic and focus on what you have the control and that is to buy and sell at the right time.

Focus on your goal and never trade if you have unstable emotions. That way, you can prevent yourself from falling into FOMO or any fud that will definitely ruin your trades. Also, when trading always be open with initial losses because that’s that nature of trading, but when you gained years of experience, that’s the time that you can control your losses and start maximizing your gains.

This seems easy to say but difficult to do. Finding the root cause should be done like what triggers you to fall into FOMO is it social media? that you've read a post about it? then if it is, then stay away from social media for a couple of hours or a day until your emotions stabilize, don't trade on this time either. If it triggers you while you are planning an entry, then it is better to stop first, let yourself cool down and back again in trading and youll need to again plot your entries and explain why you are taking those entries.

Emotions are our greatest enemy in trading because, apart from strategy our emotions are one reason why we keep losing our trades because we can't control them.