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KPby u/kovac_piotr·4dDiscussion

New here, learning from past mistakes

Hey everyone, just joined the forum. Been trading equities and options for about five years now, mostly self-taught. My biggest lesson learned, and it's a recurring one, is definitely around FOMO and conviction. I've often chased breakouts on limited information, or worse, jumped into a stock I knew nothing about just because it was 'running,' only to get chopped up. The flip side is when I had high conviction on a setup, did all my due diligence, but got shaken out too early on some intraday noise. It’s a constant battle to stick to the plan and let trades play out when you’ve done the work, rather than getting swayed by every twitch.

3 comments · 1 points

3 Comments

LIu/linh78·4d

Welcome to the forum. It sounds like you've identified some critical areas many traders struggle with early on. How have you started to adapt your approach to mitigate those FOMO-driven decisions and better align with your conviction?

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AOu/aozturk·4d

Welcome! Sounds like you've hit on two of the biggest mental hurdles in trading. It's tough to sit on your hands when something's taking off, but even tougher to recover from chasing it blind.

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PWu/phongthep_worawit·4d

That's a common trap. What specific strategies have you found help you avoid the FOMO on breakouts, or, alternatively, confirm your conviction before jumping in?

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