How to Deal With Fear, Uncertainty, and Doubt in Trading! [FUD] 😱😨
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- Опубліковано 9 лис 2024
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F.U.D Fear, Uncertainty, Doubt. How do we cope with FOMO and FUD? FUD sounds bad, FOMO sounds bad enough. Trading is in many ways the epiphany of uncertainty. How do you deal with uncertainty in trading? How do you control fear in trading? What is the Fud factor? Beware investing based on FOMO or FUD... There are many doubts in all of us traders; doubts that the trade is going to work, doubts about our stop levels, doubt that we will succeed as traders..etc We need to get to a point in trading where we don't care about the immediate results; we should care about where we'll headed. We should care about doing our preparatory work and journalling routine and risk management. OK.
Any trader's biggest enemies are FUD and FOMO, the psychological factors that can get in the way of trading
😱 FUD (Fear, Uncertainty, and Doubt) can make you sell a position out of fear
😨 FOMO (Fear of Missing Out) can make you buy at the top
Have you experienced FUD or FOMO?
#fud #fomo
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Excellent brother. Just the message I needed today.
One thing that I often reference when dealing with doubt or fear in trading is one of my favorite quotes from the book 'Who Moved My Cheese', its such a simple quote but can be really helpful. the quote is "What would you do if you weren't afraid." If I am doubting taking a trade I ask myself that question, If there was no fear of losing money in the trade would I still enter, 9 times out of 10 the answer is yes I would get in. It helps to try to look past the fear that is holding me back.
One way for me that helps tamp down fud is to think of the trade as a paper trade, its fascinating when you’re money isn’t involved 90 % of the time you won’t hesitate to take that trade. The same thing when you’re in a trade, where you would have got out with a small profit you’re more likely to tolerate the pullback.
Take real money out of the equation and watch how much more smoothly your trading goes.
Such an Underrated channel. Thank you. Have been following you for 2 years.
Brilliant concept. If there were no uncertainty we couldn’t carve out our edge and make money as retail. Wow. Thanks.
Love the sports analogy it's actually perfect and resonates with sports bettors. I've missed out of on so many opportunities recently due to fear and the thing is, I would of made more $$$ if I had not followed the fear (by not taking a trade) and instead followed my plan without day to day worrying and anxiety.
Your content really stands out. Thanks for this 👍.
I am just a simple swing / occasional day trader of my mobile but always enjoy to listen to the videos when I am working outdoors ...On the subject of FUD sometimes I find it interesting to read messages on a share chat site when a share price drops dramatically ...Tullow Oil is an example yesterday (but I do not hold any shares in Tullow) ...At one extreme for some it may be the end of the world while for others at the other extreme it is simply a mere blip on the path to greater glory for that particular company ....Traders/ shareholders will read the same situation in different ways which may in part depend on how loyal they are to their particular shares of that company ...
👉 Have you experienced FUD or FOMO? Let us know in the comments below if you have any personal tips on how to handle fear and uncertainty in trading! 😐
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Insanely great quality content!!! thank you very much it's amazing!!!!
my biggest problem is fud, for the moment i can t get over it. Been stuck like this for almost a year :/ I hope someday i wil get over it.
Thank you kindly ✍️
5:05 This has happened to me so many times. Where having one bad trade is like tipping over that first domino. After that it's just bad trade after bad trade. I'm getting better though at recognising that I'm in that state and walking away for a while 😊.
Thanks - really spoke to me this
ACE- Thanks mate. Spot on as always.
Thank You! 🙌🏻
Last week I did terrible mistake I took large size. I was under pressure that lead me to close the trade early then price go back. 😢
I been struggling with this for years, I’m definitely getting better with this tho
your wise
I have a strategy that is profitable, can you do a video on fine tuning in terms of which result metrics matter most, profit factor, drawdown % total profit etc etc
Grear buddy🤟🤟
KING
I think fear is a normal feeling in trading. Just a though, you will have a better understanding of the market on a crappy (but oled) smartphone screen, than on a 2 panel tradingview layout on a 15" screen, It happens to me now couple of times now.
Now on forex, it's a difficult time because the importance of the fundamentals is rising while you have still market pattern. Any assertion about Ukraine may cause a spike...
thank you
Love your work sir
Instructions unclear: Stopped trading and started family in the Scottish Highlands.... what now? Mark? :P
you are fudding me
This was a super great video dealing with fear, uncertainty and doubt in trading! Thank you!!! 👏👏👏👏
Thanks.