The Psychology of Trading: Mastering Your Mind

Fear and greed are the two primary emotions that drive market participants. As a trader, your job is to remain neutral and execute your plan flawlessly, regardless of the outcome of any single trade.

Dealing with FOMO

Fear Of Missing Out (FOMO) leads to impulsive entries and chasing price. Remember, the market will always be there. If you miss a setup, wait for the next one.

Accepting Losses

Losses are a part of the business. Treat them as operating expenses. Do not try to "revenge trade" to make back a loss immediately. Stick to your plan.