FOMO

Fear Of Missing Out ^

FOMO is a natural human instinct. We see large green candles and we feel that we're going to miss out, so we join in on the party.

This is a recipe for disaster most times. We must exercise strict discipline and stick to our r:r setups always.

I personally believe that all traders must carefully plan their entries and exits before making any play. It is what differentiates an average trader and a great trader.

Never enter on FOMO, and exercise confirmation methods.

^ @philakonecrypto
Blogs for my own knowledgebase and educational purposes only