Fear & Greed
- Fear: Closing trades too early, being afraid to enter.
- Greed: Over-leveraging, holding too long, “just a little more.”
- Fix: Stick to your trading plan and respect your R:R ratio.
FOMO (Fear of Missing Out)
- Problem: Thinking “Everyone is buying, I must buy too.”
- Result: Buying tops, panic selling bottoms.
- Fix: Opportunities never end. Wait for your setup.
Revenge Trading
- Problem: After a loss, entering random trades to win it back.
- Result: Even bigger losses.
- Fix: Take a break, reset your mindset, return to your plan.
Lack of Patience
- Problem: Entering trades before confirmation.
- Result: Weak signals, low win rate.
- Fix: Patience is your best indicator. Wait for strong setups.
Confirmation Bias
- Problem: Only seeing data that supports your own opinion.
- Result: Justifying bad trades.
- Fix: Analyze both sides, stay objective.
Discipline & Routine
- Success in trading comes from discipline, not just strategy.
- Build a daily routine: chart analysis, news check, plan review.
- Keep a trading journal to identify mistakes and improve.
Pro Tip
Trading is 80% psychology, 20% strategy.
The biggest difference between professionals and beginners is discipline.