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FOMO, in case you have been in an underground shelter for the last 20 years, stands for “Fear of Missing Out” and it is a saying that certainly started somewhere else besides the trading world. But it probably applies to the trading world more than anywhere else. There are several very key topics in trading that are all very related. FOMO, patience, discipline. They are the top demons, not only for new traders, but for quasi-experienced traders as well. And they all live under one bigger umbrella topic in trading, which I will get into in this podcast.
Here’s a chart to follow:
Chart 1:
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