Success in trading is a mental game. Beyond any strategy, mastering your own psychology is the key to longevity. Many traders struggle with common emotional pitfalls that sabotage their efforts.

One major error is the "Fear of Missing Out" (FOMO), which tempts you to jump into trades impulsively because a stock is moving fast. This often means entering late and without a solid plan. The fix is discipline; remind yourself that another opportunity will always come and you only need to catch the right ones that fit your criteria.

Another trap is letting emotions dictate actions after a loss. Trying to "revenge trade" by immediately placing bigger, riskier bets to win back money often leads to deeper losses. It is crucial to take a break and let your emotions settle. Trading should be boring. Stick to your plan for every trade—your entry, your stop, and your target. True consistency comes from detaching your identity from your profit and loss, focusing on the process, not short-term results. Fallow Me 😊 #market_tips #psychological