After several years of trading experience, I bought the top of an altcoin again today.
I made a trading mistake, and I wonder how come I haven’t grown past this stage in trading.
I thought I have learnt how not to FOMO, I still fell for it even after been a trader since 2020.
I wouldn’t have bought the top if I took some few minutes to check the chart. At least the daily chart would have given me the signal.
This shows that even masters makes mistake sometimes.
Do you have similar experience like this?
I would say if you would not have the money to lose and you fear it so much that you might lose your capital with this trade then you would not have fell for FOMO or would you?
The need and wish have differences, some traders trade because that's their need because they have chosen their profession as trading and if they won't make profitable trades they will be needy for money but before making such trades they do all the research, they don't fell for the FOMO because people who can risk their money and can manage to handle things out even if they lost it in that trade.
They go for it and don't think for another second, bro I am not blaming you but I think this could be the reason although you know better you are not newbie have 5 years of experience in trading so you must have known till now where you was wrong.