#TradingPsychology Key Psychological Challenges in Trading:

Fear of Missing Out (FOMO): This is the anxiety of missing out on potential profits, leading to impulsive entries into trades without proper analysis or a valid setup. FOMO often occurs when a market or asset is experiencing a strong upward trend.

Fear of Losing: This can manifest in several ways:

Prematurely closing winning trades: Locking in small profits too early for fear of the gains disappearing.

Holding onto losing trades for too long: Hoping for a reversal and being unwilling to accept a loss (avoiding being "wrong").