Trading psychology: FOMO and revenge
Trading psychology
The biggest danger in trading is not the market. It is your emotions.
Traps
- FOMO: chasing a move that already ran
- Revenge trading after a loss
- Moving the stop loss further away
FOMO makes you chase moves that already ran. Revenge trading makes you double up after a loss.
Fixes
- A written plan before every trade
- Max 2-3 trades a day
- Stop after 2 losses in a row
Fix it with a written plan, a daily trade limit, and stop after two losses in a row.
Learn it, then trade it with signals.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.