WHAT IS FOMO IN TRADING? 📊😃💸
FOMO stands for “Fear Of Missing Out”, or the fear of being left out. In trading, it happens when a trader sees a cryptocurrency rising quickly and enters the market without analysis, simply out of fear of missing the rise.
The problem is that it almost always results in buying at the highest prices, just before a correction. FOMO makes you make emotional decisions rather than based on your plan.
To avoid it:
1.Have clear entry and exit rules.
2.Don't chase green candles.
3.Evaluate volume, trends, and supports before trading.
4.Accept that there will always be movements that you cannot take advantage of.
Mastering FOMO is key to stop trading on impulse and start trading with logic.
$BTC #TradingEducativo #PsicologiaTrader
BTCUSDT
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