Ah, the life of a trader - a journey filled with the sweetest of highs and the lowest of lows.
Many believe that once they achieve profitability, the path ahead is smooth sailing.
However, reality likes to play its little games, and the journey becomes a game of whack-a-mole.
Just when you think you've got it all figured out, the universe drops a bomb and shakes you to your core.
And so, the cycle continues - bouts of underperformance followed by periods of outperformance, rinse, and repeat.
It's like a game of snakes and ladders, but with more snakes than ladders.
The thing is, these strong emotions can take a toll on your mind, body, and trading performance. It's easy to get swept up in the highs and crushed by the lows, and before you know it, you're burnt out.
FOMO is one of those things which I had a really hard time dealing with, back when I started trading.
After every trading day, I used to look at my journal, and think, why did I take that decision, why did I take that late entry?
I'm sure you might have heard this saying "Follow your trading plan" but it is better said than done.
Once, you see that the market has gone bonkers, and you haven't made anything, you are bound to get affected by FOMO.
And then you are going to make all those mistakes you had promised yourself you won't make, like taking a late entry, when it was never really a part of your plan, which then leads you to make more grave mistakes like micromanaging your trades, exiting them with a loss