3 min read
A Year with "The Trading Mindwheel": Transforming Trading Through Psychology
The following is a guest post from Michael Lamothe.
I'm Michael Lamothe, and today marks an extraordinary milestone: the first anniversary of "The...
Last week, I traded the CHFJPY and the trade went into my target. Great! No! Because the price kept on going and going and going. I could have easily made 3, 4 or 5 times my actual profit.
I started to feel frustrated, although I did everything correctly. In my earlier days, this would have easily lead to bad trading decisions, chasing price, entering late and just trading with FOMO. Even though I had executed my trade perfectly fine and made profits.
This probably sounds familiar to many of you and that is why I took a few minutes to explain my current approach and how I deal with those situations.
My top tips for reducing FOMO:
I, of course, use Edgewonk.com and if you use the code “edgewonk20” you will get $20 off the bundle.
3 min read
The following is a guest post from Michael Lamothe.
I'm Michael Lamothe, and today marks an extraordinary milestone: the first anniversary of "The...
3 min read
It's easy to get discouraged by losses and question your every move. But what if there was a way to track your progress, learn from mistakes, and...
8 min read
Dive deep into the world of finance and high-stakes trading with this selection of movies and documentaries! From the exhilarating thrill of...