A data-backed explanation of why FOMO trading happens, how it damages performance, and how traders can design systems that reduce impulsive decision making.
That last question is gonna save a lot of accounts. "Would I take this trade if price were not moving right now?" I started using a version of this after blowing up a small acct in 2021 and it completely chnaged how I approach setups. The reframe from discipline problem to structural problem is spot on, nobody wins a war against their own limbic system without good systems in place.
That last question is gonna save a lot of accounts. "Would I take this trade if price were not moving right now?" I started using a version of this after blowing up a small acct in 2021 and it completely chnaged how I approach setups. The reframe from discipline problem to structural problem is spot on, nobody wins a war against their own limbic system without good systems in place.
Takes a while to learn it sometimes and usually you learn it first hand.