Climber6

ANXIETY ABOUT TRADING

It is important that we talk about one of the bad behaviors generated by anxiety, which can be very useful in your life as a trader. Anxiety is defined as a state of constant worry and restlessness that drives you to do something.
In this case, we will see how negative it is for the results of a trader to have that restlessness and eagerness to trade.

The internal cause that makes us feel anxiety in trading can be motivated by different sources, such as needing to make money that month to make certain payments, having a negative streak of trades and being completely trapped by the charts, having lost and feeling the urge to take revenge and recover money... Those and a long list of personal scenarios that are different for each person, although common among many of us, are just excuses that our emotional brain puts forward to take control and take action.
The issue is that this state of anxiety about trading is very damaging, both for our trading and for our mental peace. It is obvious that no one likes to be restless and eager to do something.

Trading should not be a hard activity for our brain that leads us to states of constant restlessness and nervousness. It should be a calm activity where we feel relaxed and comfortable. When you detect this anxiety about trading that makes you take any opportunity that arises in the market, it is important to stop it, as otherwise, once again, it will not be your reasoning that is trading but your emotion.
It will not be a clear and precise analysis of the market that trades, it will be your desire to enter the market that trades. You will want to alleviate that eagerness to trade, and that will be what is trading, your impulse to soothe the anxiety and not your intellect; of course, if we trade based on that, the results will not be fruitful. [Extracted from the web]
#psicotrading #Discipline $BTR

F O M O

( FEAR OF MISSING OUT )

In this section, we will delve into a well-known concept, its caliber is such that in the English community it has its own acronym: FOMO: Fear Of Missing Out.

This concept refers to that internal feeling that arises when we are faced with the graph, which makes us feel that we are missing out on opportunities, that we are leaving money on the table.
This fear arises in our brain, and it is this emotion that drives us to take action, such as executing a trade.

Therefore, if we take a trade based on an emotion, such as fear, we are making a grave mistake. All the trades we make should be cold, calculated, and based on our trading plan; at the moment we allow our actions to be guided by an emotion like fear, we are taking several steps back in our progress.
FOMO sometimes arises when we are in front of the computer, we know that in a few seconds a news of strong impact will be released, and boom, there it is, we see how the BTCUSDT graph begins to form very large bullish green candles. "This is going to the moon" you think, "I can't miss this, everyone will be buying, come on, I'm going in". You decide to open a trade, the price continues to rise for a few seconds and suddenly starts to fall sharply, you begin to incur losses and get nervous, you see how the price is completely reversing and plummeting. Finally, after great internal suffering, you decide to close with a huge hole in your account.

IN CONCLUSION

"It is better to be out of the market wishing you had entered, than to be in wishing you had not entered"

#FOMO $BTC

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