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The fear of losing opportunity
Mitglied seit Jul 25, 2020
10 Posts
Dec 15, 2021 at 20:10
Mitglied seit Jul 25, 2020
10 Posts
Fear of losing an opportunity is always harmful for trading and all of the emotions are harmful for trading results, actually, be it fear or greed. That is why traders pay much attention to their psychology and state of well-being. They realize that everything which is inside of their heads can have some impact on their profits. I know the traders who simly stop trading when they are in a certain mood and they cannot get rid of it. They understand that it is better to skip a day rather than losing the money on the market. That is why if you have such a feeling, then you should either get rid of it, or stop trading this day. Listen to your common sense rather than your heart.
Mitglied seit Nov 23, 2021
24 Posts
Mitglied seit Aug 27, 2017
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Mitglied seit Aug 05, 2021
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Mitglied seit Nov 06, 2018
83 Posts
Jan 11, 2022 at 13:46
Mitglied seit Nov 06, 2018
83 Posts
UweMoench posted:FOMO/Fear of losing is up there with the worst mind sets when trading.
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.
Jan 18, 2022 at 07:45
Mitglied seit Jan 10, 2022
40 Posts
Many traders face the fear of losing opportunity when they are trading the Forex market. Some traders are able to overcome this fear and continue trading, while some traders are not able to overcome the fear of losing the opportunity, and they stop trading.
Mitglied seit Jul 20, 2020
399 Posts
Mitglied seit Jun 26, 2020
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Mitglied seit Jun 12, 2021
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Mitglied seit Aug 04, 2014
66 Posts
Jan 21, 2022 at 05:48
Mitglied seit Jan 07, 2022
16 Posts
This happens with many newbies. After learning, they are eager to apply things in real trading. So, if they see a chance to enter a trade, emotions trigger and they fear that the opportunity may be lost if they wait any longer. Some traders actually earn profits in this situation but most of them lose because the decision made is emotion based and not well calculated.
Jan 21, 2022 at 20:15
Mitglied seit Jul 24, 2020
12 Posts
Oh yes, that is one of the most dangerous feelings which can be experienced by a trader. The saddest thing is that it always leads to the losses. That is why a trade should make a trading plan and try to keep everything under control.
Mitglied seit Dec 14, 2021
28 Posts
Feb 08, 2022 at 08:12
Mitglied seit Dec 14, 2021
28 Posts
Fear of missing out or losing an important opportunity is a common issue that affects almost every trader. FOMO stems from overly high expectations. It is a feeling that is most likely triggered when you see a more successful trader or when there's big news or during the period when the market is extremely volatile. All these can heighten the feeling of being left out but if you accept that there will always be another big opportunity, you can overcome this feeling to a great extent.
Feb 08, 2022 at 23:08
Mitglied seit Apr 03, 2021
470 Posts
FOMO or fear of missing out is the most disease among traders that lack discipline, usually when traders do this, the end result will get disappointed, but the question is why the fear of missing out is dangerous but they still did it, it is like as waiting for bus and jump when the bus was running.
Feb 21, 2022 at 04:26
Mitglied seit Dec 13, 2021
32 Posts
It is not possible for a trader to catch each and every trading opportunity. One needs to be patient and wait. Lack of alertness and discipline are the main reasons for losing any opportunity.
Moveover, a person should have contentment and should not possess any greed for earning more. The trader should remain calm even if he misses any opportunity.
Moveover, a person should have contentment and should not possess any greed for earning more. The trader should remain calm even if he misses any opportunity.
Feb 24, 2022 at 23:29
Mitglied seit Apr 03, 2021
470 Posts
If we already have good habits to avoid the fear of missing out hence will be able to control own selves to make good quality trading entries, we can use pending order to place in specific order price based analysis to getting best price
Mitglied seit Feb 16, 2022
63 Posts
Mar 19, 2022 at 08:08
Mitglied seit Feb 16, 2022
63 Posts
Opportunity can be lost but one should not be dejected for so. If one opportunity goes away, another will come soon and this is Forex. It is a blessing opportunity for all kinds of traders trading here. But traders should be devoid of revenge trading because no revenge on Forex cannot be taken.
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