How to avoid FOMO (Fear of Missing Out)in your trading
Whenever you catch yourself thinking about your current P&L during a trade.
How much you or others have been making or losing in your trading, you need to pause.
You just need to ask yourself one simple question before entering any trade: What is my risk to reward in this trade?
If you cannot identify a good risk to reward, then it is a fear of missing out trade, and you should not take it.
If you cannot determine a stop loss or profit target, then it is a trade based on FOMO, and you should not take it.
If you do not break your risk management rules, FOMO will never be a problem for you
There are many trading opportunities every day, so it is okay if you miss one.
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