ECCO 3 MENTAL TRAPS in which EVERY Trader sooner or later FALLS
1. FOMO – Fear of Missing Out
Have you ever seen a coin spike and jumped in, only to watch it crash a few minutes later?
That urgent need to "not miss the train" is pure FOMO. It’s not rationality: it’s panic disguised as opportunity.
The problem? When you buy out of fear, you’re not deciding: you’re reacting.
2. Overtrading – The adrenaline that tricks you
Some are not looking for profit: they are seeking strong emotions.
They enter and exit constantly, even without a plan. It’s not trading: it’s a form of gambling.
And like any addiction, it consumes you without you realizing it.
3. Confirmation bias – You see only what you want to see
If you’re convinced that a coin will rise, you will only read news that confirms your belief.
You will ignore contrary signals. You will tell yourself that "it’s just a correction."
In doing so, you lose clarity. And with clarity, you lose money.
These are just 3 of the numerous mental traps a trader can fall into. Over time, we will cover them all and study active and passive strategies on how to cope with them.
Follow me and write in the comments what you want to start with!
Our journey into financial psychology...starts now!
