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.
^
Blogs for my own knowledgebase and educational purposes only
