At any time of day, there are thousands of markets that are waiting; hundreds of thousands of GRACOS move 24 hours a day, 5 days a week, and every signica tic that can make money. In dealing with the omission of transactions, can be a real problem for merchants, because every day should look at those moments when, analyzing, whether won or lost, you are not in your trading account. A vision of how you can get, often can create big problems in thinking operator, and then lead to large errors.
8 Things operators are talking FOMO
If you are among the following items, in this case, FOMO trade plays an important role in their daily lives:
"I knew it!" - An operator that followed the system, but did not take it
"Not this time": an operator entering too soon after a missed operation "could earn as much money today" - Trader is reproaching himself for lost profits
"I've been waiting for so long this operation" overly concerned Dealer, following the installation with a "snap" your fingers
"I have still time to take advantage of this movement" - Trader, who comes to repentance, because at first he is too scared
"I have this feeling ...": the reasoning of the trader and the entry into the market without all criteria
"Once." - Dealer in speculative commercial hopes for luck
"I just got a small position" - justica Dealer breaking rules
What drives trade FOMO (fear of losing)?
Trade is an activity without a beginning or an end clear, and once you start your computer with a terminal, you are in the middle of the game and never stops. Activities without beginning and n, you can always make decisions and anytime you can simply enter a potentially lucrative deal that can bring you money. The soccer match,
spinning roulette or blackjack determine the beginning and the end; Know when to start, but once the game ends, and you can not change anything. You must accept the result. This is not open to interpretation; you (your team) lost or won. In trade, the "game" never has a clear beginning and never ends. The result will never end until you close the deal; and even in this case, you can only go back as each tick that is on the market - which is a potential revenue, and separating a single mouse click from an entry of potential trade that can bring a large amount of money. The lack of trade is like leaving money on the table. Now let's look at the three stages of negotiating FOMO.
1 - Enter early because not want to miss How often did this happen? You have developed a trading plan, waiting for all the factors that Whitey trade, and then, just before the conguration of their trade is complete, the price reaches the entry level, and suddenly the price starts take off, and it looks as if it will leave without you? You can not miss this wave without you, does it? So, before you enter, violating your trading rules. Too early entry into the market signica your risk is completely off, because your stop loss will be much greater because of its early entry. Further, Does it add a stop to negotiations once the price reaches its initial entry level and further increases the risk? These two elements show why early entry completely throws the size of your position and risk management. And what happens then? In the end, everything ends in a transaction loss because I did not see all conrmados entry criteria.
2 - wait for the price to make a perfect installation and therefore lose the exchange. Pass position, leaving without you, because the signal logon occurred too early, and do not show you all the criteria, it is painful. Operators who are thinking about "losing an exchange" tend to seek a price or enter the following treatment before and just see why this is a bad idea. Traders who lose transactions, interpret this event completely wrong. In the end, it was not a rules based on your installation. Of course, sometimes you win and break your rules, but long term, your rules will protect you and your capital. Always remember: one based on the rules of others script might be acceptable, but not for you! Opportunities for profit are ALL THE TIME, and you will not participate in each. Its rules allow you to participate only in some of the millions of opportunities that happen every day.
3 - expect to get perfect conditions of entry Of course, this is the ideal scenario, and it should be. Everything must be done to guarantee you a good entry, but it should not seem an impossible task! The trading plan and shopping list vericación are two mandatory tools for traders, and we've talked about this before. According to your trading plan, trading planica possible scenarios so that once they start their negotiating sessions should just wait until your entry criteria are met. Vericación list keeps you accountable and displays the course of leisure. You break your trading rules becomes much more difficult if your plan and list vericación tell him not to work, and you need to convince yourself why violating trade rules is correct. "I'm reviewing my vericación. It is a laminated sheet, handwritten, in a frame and glued to the corner of my desk where I can not just not see it.
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Describe us if any of these cases , these suffer IN YOUR TRADING.
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