Practical · Lesson 9
Psychology (1) — FOMO, Revenge Trading, and Overtrading
After this lesson you will
- · Find the four typical forms of off-plan trading in your own records and name them.
- · Read a feeling of urgency as a sign of being late, and write out the reason with a calculation.
- · Write in advance a rule that blocks the urge to re-enter right after a stop-out.
- · Answer the overtrading self-check items and keep the result in your records.
- · Write the opposite scenario before entry to reduce confirmation bias.
- · Write down your answers to the four questions before entry, and count how many entries, out of the total, answered yes to all four.
This lesson opens for Lite and above subscribers
What you will learn is listed above. The beginner course is fully available with just a sign-in, no subscription.
What this lesson covers
- 1. A good part of losses does not come from analysis
- 2. The feeling of missing out
- 3. What has piled up in a surge stretch
- 4. Right after a stop-loss
- 5. Not trading is also trading
- 6. The moment you enter, the way you see changes
- 7. Write the opposite scenario first
- 8. Four questions before entry
- 9. Where approaches split
- 10. Where this lesson returns to risk and mindset
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