FOMO: Fear of Missing Out (TRADING PROBLEM)
SUBSCRIBE: https://goo.gl/aKqhyb to get updates when I post a new video!
FOMO is a real problem for traders. Also known as ‘Fear of Missing Out’. But how do you combat it?
We talk about the pitfalls of FOMO, how to view it and some of the best things you can do to counter the fear from having a negative impact on your trading.
Considered on of the 4 biggest trading fears that derails traders it’s an important topic to be aware of, both externally and within yourself whilst placing orders in the market.
RELATED HELP: https://youtu.be/HylXD_auNFY
At the end of the day you need to keep things realistic. Missing out on an opportunity isn’t the end of the world. It’s cost you nothing, except a small amount of time. Why let it ruin your day? or trading regime…
The biggest problem for aspiring traders is controlling and regulating their mistakes. FOMO has to be one of the biggest culprits in causing these problems. If you can reduce or even eradicate your own fear of missing out then your trading is likely to jump up a gear quite quickly!