The fear of losing opportunity

To overcome the fear of losing opportunity in trading, I would recommend focusing on developing a consistent trading plan and sticking to it. This can help to reduce the temptation to make impulsive trades based on fear of missing out. I would also recommend setting clear risk management strategies, such as stop-loss orders, to help manage potential losses and protect against potential losses.

The fear of losing an opportunity is a common emotion that has a negative impact on trading and the trader. This is why every trader should keep their emotions out of their trading and trade in the live market with a clear mind and logical approach.

I experienced this first when I started. Now I realize opportunities come and go, there will always be a new train arriving!

dzonn posted:
I experienced this first when I started. Now I realize opportunities come and go, there will always be a new train arriving!

Same here, buddy! A lot of opportunities come and go, the right ones should be identified and utilized in a proper manner.

FOMO is the fear of missing out on an opportunity, and it is bad for trading decisions.

Don't let FOMO cloud your judgment in the forex market - stick to your trading plan and trust the process

Just like fomo, but it is best not to feel like that. Like the user above me said, don't let it cloud your judgment and stick to your trading plan as always.

reggae posted:
Just like fomo, but it is best not to feel like that. Like the user above me said, don't let it cloud your judgment and stick to your trading plan as always.

I had this fomo before but it got overcome with time and experience. Now I just follow my trading plan.

Since there are many opportunities in forex, even if a trader misses one, another one will come along soon. Traders should mainly focus on improving their strategies.

Eloise posted:
Since there are many opportunities in forex, even if a trader misses one, another one will come along soon. Traders should mainly focus on improving their strategies.

This is very true for intra day trading on the shorter time frames but on the longer time frames it is less true. On the daily time frame, you may need to wait months or years before the next opportunity

I am still struggling with this, sometimes take a trade that has deviated from my strategy best pricing