TRADING PSYCHOLOGY.
Trading psychology is an important part of being a successful trader.
Many experts believe that psychology is more important than technical analysis when it comes to trading. After all, it's your emotions that will ultimately decide whether you buy or sell a stock.
There are two concepts in trading psychology.
1. FOMO(fear of missing out): FOMO is the feeling of worry that you're going to miss out on a big opportunity if you don't make a trade.
2. FUD(fear, uncertainty, and doubt): FUD is the feeling of worry that causes you to sell a coin because you're afraid of losing money.
Both FOMO and FUD can lead to impulsive and emotional trading decisions, which are often not the best decisions.