FOMO, Revenge Trading and Overtrading
FOMO, revenge trading and overtrading are different expressions of the same problem: emotion taking control of the trading process.
FOMO, revenge trading and overtrading are different expressions of the same problem: emotion taking control of the trading process.
Discipline means following the process. Patience means waiting for conditions. Confidence means acting without needing certainty.
A trading journal records the decision, context and process behind a trade so that repeated strengths and mistakes become easier to identify.
FOMO means fear of missing out: the urge to enter because a market is moving without you.
Revenge trading is emotionally driven trading intended to recover a recent loss quickly.