Stir Up Your Trading Game: Let me show you how to Conquer FOMO

Date: 2023-07-10T16:31:32Z Creator: Bitfolio Academy

Are you ready for a seismic shift in your trading approach? Has your journey been dominated by more losses than wins? Break the cycle with a transformative strategy that empowers you to leave emotions out of your trading!

Let’s talk about FOMO – the Fear of Missing Out – an all-consuming emotion, swallowing even the best traders. Recent research exposed a chilling reality – traders are twice as likely to sell their profitable position prematurely while clinging to losing ones hopelessly. So, how do we rise above the tyranny of FOMO? The solution lies in clear-headed thinking! When plotting your trade, carve out your β€œexit” strategy simultaneously. Mark a stop loss to escape downward spirals and a target to reap profits. This approach strips emotions from the trading process.

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