FOMO

 The "fear of missing out" commonly known as FOMO is an anxiety everyone gets themselves into. Usijali nilikua nayo. I've had it but am glad I've had it out of my system for a while. Its unconsciously developed and if left untreated can be catastrophic in your daily life as well as on your trading account. Here is how what you can do.

PS: You won't overcome FOMO overnight but at least you will have a basic idea when it kicks in and how to control yourself from making irrational decisions.

1. Do not be prey to the bear and the bull. Trading opportunities are always present when you see a spike trend whether bullish or bearish and you instantly take a trade only to find out you've been stopped as a reversal takes place. Better trades will always present themselves all you have to do is wait.

2. Do not feel. Instead build confidence in your trading decisions with a careful planned out strategy that will let you enter and exit at your own convenience rather than the latter. Removing emotion is the key to not being this guy. (picture)

3. Do not place capital that you cannot afford to lose. Be consistent in your lot sizes and always be alert on how you place your trade with a stop loss which will minimize you from bleeding your account.

There is a lot of interesting facts out there, fanya research, this blog has provided a basic understanding on trading psychology and how to manage your FOMO. If you have any questions or remarks leave them on the comment section.