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The fear of losing opportunity
Členem od Feb 16, 2019
26 příspěvků
Mar 26, 2021 at 11:42
UweMoench posted:
The fear of losing opportunity is very dangerous. All newbies have this fear. When markets moves a lot in a certain direction, they become restless by thinking they are losing an opportunity of making money. As a result they try to open trade even if their system shows no signal, and they open trade and lose the money.
yes always demo first
Členem od Mar 28, 2021
586 příspěvků
May 08, 2021 at 13:30
Emotions are there in forex trading. However, there's a difference between responding to the feelings and reacting to the feelings. Our choice ought to affect our emotions, fear, anger and greed. It is dangerous in case a trader don't understand what he's doing.
Členem od Oct 31, 2020
15 příspěvků
Sep 13, 2021 at 20:00
In my opinion, people always try to stay away such a phenomenon as fear of losing opportunities. Of course it's quite difficult to distract from such thoughts but there is chance to learn how to get rid of such thoughts I bet. Forstly, people should consider such opportunities as something that shouldn't happen. It means that something saved you from taking that action, which means that things could have gone much worse. If people, especially, traders, would understand that everything that doesn't work is for the best, they would start to relate to their life with much more respect and would start to appreciate every action.
Členem od Jun 14, 2021
27 příspěvků
Sep 22, 2021 at 07:12
Fear of losing opportunity is a part of emotional trading and it needs to be checked at all costs. Otherwise a trader will not be able to follow his trading plan properly.
Členem od May 27, 2021
56 příspěvků
Sep 22, 2021 at 10:33
I would say that it is obvious to get fear of losing opportunities in forex but once you will be able to have sufficient knowledge, no fear can come in the way of excelling.
Členem od Sep 14, 2021
8 příspěvků
Sep 22, 2021 at 11:57
FOMO is a killer for trading and results in over trading. When day trading there will always be another opportunity so there should be no stress over FOMO
Členem od Mar 28, 2021
586 příspěvků
Sep 22, 2021 at 13:50
@owlkitten Yes opportunity always comes in the market. We have to remove the fear. It needs enough patience in the market. Don't let your emotions drive you.
Členem od Jul 20, 2020
385 příspěvků
Sep 24, 2021 at 06:44
Akasuki posted:
@owlkitten Yes opportunity always comes in the market. We have to remove the fear. It needs enough patience in the market. Don't let your emotions drive you.
Yes always creeps up its one of the main pitfalls in Trading in the Zone. It isnt just new traders that are susceptible to it experienced ones can feel its pain too
Členem od Jun 07, 2021
70 příspěvků
Sep 24, 2021 at 08:09
Every trader has experienced this in one way or another. It's the moment when you know that you could be losing out on a lot of money by closing out your open position. The best traders have a high level of emotional control, and they know how to handle their fear of losing an opportunity.
Členem od May 11, 2020
20 příspěvků
Sep 25, 2021 at 15:53
This happens regularly to those who don't have sufficient self-discipline while trading. However, this state is usually called greed rather than fear. The traders are too greedy to lose such an 'opportunity'. Traders experience fear after a long losing streak and they are too afraid of losing more money which makes them lose the real opportunities which are proved by different signals.
Členem od Jul 19, 2020
749 příspěvků
Nov 05, 2021 at 12:47
@necolesilvers Yes fear of losing opportunity is a part emotional trading. But the sad part is whether we understand emotional trading or not, it's there. People automatically feel this fear.
Členem od Apr 27, 2021
12 příspěvků
Dec 09, 2021 at 09:10
It's the most common thing which happen with all traders on particular stages in trading activity. I believe that the main reason of such a phenomenon is that you thought that trading activity would be easy for you and you thought that you would be able to trade pump and dumps always.
Nevertheless, it's not like that and you should be very lucky to trade pump and dumps. Of course, sometimes you will catch the trend and go by it, however once your forecast won't be on your side and you will lose money.
In my opinion, if you're afraid of fomo, try to think less about what might happen, and think more about what's happenning now.
Nevertheless, it's not like that and you should be very lucky to trade pump and dumps. Of course, sometimes you will catch the trend and go by it, however once your forecast won't be on your side and you will lose money.
In my opinion, if you're afraid of fomo, try to think less about what might happen, and think more about what's happenning now.
Členem od Nov 23, 2021
33 příspěvků
Dec 14, 2021 at 05:53
Traders should understand that they can’t take every opportunity that comes their way. Market is very uncertain. Even when you are winning continuously, there’s still a chance of losing all your profits in the very next moment if you keep trading recklessly. It is good to open a position only when you see most things are in your favor.
Členem od Apr 09, 2019
516 příspěvků
Dec 14, 2021 at 12:14
The thing new traders need to understand is that trading is a game of probabilities and caution. Unless the opportunity is high probablility you are always better off keeping your powder dry. There is always another high probability set up around the corner.
If you can't spot the liquidity then you are the liquidity.
Členem od Apr 03, 2021
437 příspěvků
Dec 14, 2021 at 23:06
I think FOMO is the worst habit of so many forex traders because tempted by price movement and then chase price although already missing good entry.
Just like waiting for a bus on bus station safer than pursuing bus when already runnng
Just like waiting for a bus on bus station safer than pursuing bus when already runnng
Členem od Mar 23, 2020
63 příspěvků
Dec 15, 2021 at 10:03
FOMO is one of the worst feeling that you will ever get if you are being considering what you have to research, so ideally you should research before you decide to invest in something.
Členem od Oct 19, 2021
17 příspěvků
Dec 15, 2021 at 12:25
Fear of losing opportunity or fear of losing trades is all natural. What's required is to make yourself prepare for the worst using proper emotional management. Then only you can see better trades.
Členem od May 19, 2020
321 příspěvků
Dec 15, 2021 at 12:38
If you are afraid of losing an opportunity, then you have already lost it.
Just keep it in mind and remember every time you think that you can still make money in a lost opportunity. The market benefits those who have a plan.
Just keep it in mind and remember every time you think that you can still make money in a lost opportunity. The market benefits those who have a plan.
@Marcellus8610
Členem od Jan 26, 2013
72 příspěvků
Dec 15, 2021 at 14:04
Never make a trade for the sake of trading if the opportunity isn't there and you're restless of not having any action. You will lose more often than you think. Take your time and have patience. The opportunities will come. Forex is not going anywhere.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
Členem od Jan 26, 2013
72 příspěvků
Dec 15, 2021 at 14:05
FXOday posted:
I think FOMO is the worst habit of so many forex traders because tempted by price movement and then chase price although already missing good entry.
Just like waiting for a bus on bus station safer than pursuing bus when already runnng
Great analogy. If miss the first bus, don't run for it. You may get hurt. Just wait for the next one.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
