#TradingPsychology

**Top 7 Trading Psychology Mistakes:**

1. **Fear of Missing Out (FOMO)**: Buying high due to hype.

2. **Greed**: Holding positions too long for extra profit.

3. **Revenge Trading**: Trading emotionally after losses.

4. **Confirmation Bias**: Ignoring losses, focusing on wins.

5. **Anchoring Bias**: Sticking to initial price targets.

6. **Loss Aversion**: Selling too early to avoid losses.

7. **Overtrading**: Trading excessively due to boredom/excitement.

**Binance Tools to Control Psychology:**

1. **Stop-Loss Orders**

2. **Take-Profit Orders**

3. **Position Sizing Calculator**

4. **Trading Journal** (not built-in, but recommended