๐ FOMO Checklist for Traders (Fear Of Missing Out)
Was this part of my plan, or is it an impulse trade?
๐ If Iโm entering just because the market is moving fast โ ๐จ FOMO alert.
Did I decide entry, SL, and TP beforehand?
๐ If stop loss (SL) and take profit (TP) are not written down โ donโt take the trade.
Is there a clear setup on a proper timeframe?
๐ Taking trades only by looking at the 1-minute chart = FOMO.
๐ At least one higher timeframe confirmation (15m, 1h, 4h) should be there.
Can I afford the risk?
๐ If SL hits, how much money will I lose?
๐ If the answer is โtoo much lossโ โ skip the trade.
Am I entering just because I fear missing profits?
๐ If yes โ this is pure FOMO. Avoid the trade.