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Trading Psychology

5 Essential Strategies to Conquer FOMO and Elevate Your Trading Game

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Written by Timothy Sykes
Updated 12/13/2023 9 min read

Don’t look now but the market is back to all-time highs.

And for a lot of money managers who have been sitting on the sidelines parked in cash are feeling their heart-racing.

It’s a feeling I know all too well…the almost magnetic pull towards a trade, driven by the fear of missing out on what seems like a quick money grab.

FOMO is common regardless of your skill level and experience.

It’s that voice whispering… Act now or regret it forever…pushing you towards impulsive decisions that can jeopardize your trading account.

For some, it’s an account killer, a dream crusher.

It clouds judgment, undermines strategy, and worst of all, it can turn what should be a calculated game of chess into a reckless roll of the dice.

But it doesn’t have to be that way.

Today, I’m going to unveil 5 transformative strategies to help you master your trading impulses and make smarter, more informed decisions.

These aren’t just tips—they’re game-changers

#1: Understanding and Acknowledging FOMO Triggers

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