Could you make more money with your trades?

Advertisement - External Link

Could you make more money with your trades?

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:

  • Stay away from the instrument that is causing the issues. If you get personal with an instrument, avoid it for a few days.
  • Remove yourself from the screens for a few hours.
  • Look into your journal to see whether you really executed the trade according to the rules.
  • Test different target strategies if you feel that you are missing out.

I, of course, use and if you use the code “edgewonk20” you will get $20 off the bundle.



You lose money every day. No matter whether you are a winning trader or a losing trader, right now in
Divergences are much more than just an indicator signal. A trader who truly understands how to read divergences will have
I have been trading for more than 14 years and most of the time, I have been using trading strategies
Professional and profitable trading strategies have to be SIMPLE. Trading is already very hard and dealing with emotions, controlling risk
Breakout trades are my favorite way of trading and since new trends usually start with a breakout, it really pays
Welcome back to the second Tradeciety Tuesday. This week, I prepared a new podcast and a trading video for you.

Comment ( 1 )

  • Josef Mueller

    Great vid. Trading is 25% knowledge and 75% applied psychology. I recommend a book by Michael Martin called:
    The Inner Voice of Trading. Tells you all about it.

Advertisement - External Link

Cookie Consent

This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button.