How to beat FOMO in professional trading

Today I wanted to share my anti-FOMO trading routine, a strategy I worked on in the past to grow consistency and stay disciplined and focused in my fight against the fear of missing out:

1️⃣ Set a trading schedule: I establish fixed trading hours that align with my lifestyle and preferred market sessions. Having a structured routine reduces the urge to chase trades outside my plan.

2️⃣ Define clear entry & exit rules: I outline precise entry and exit criteria for every trade. This leaves no room for impulsive decisions driven by FOMO. Trusting my strategy keeps me on track.

3️⃣ Limit trade frequency: I avoid overtrading by setting a maximum number of positions per asset and assets per portfolio. Quality over quantity is my mantra to avoid FOMO-driven trades.

4️⃣ Predefined watchlist: I curate a watchlist of potential trade setups before the trading session. Sticking to these preselected assets helps me stay focused and disciplined as well as ensuring a properly balanced portfolio.

5️⃣ Embrace JOMO: I find joy in missing out (#JOMO) on irrelevant market noise. By focusing on my plan, I eliminate the fear of missing out on every single opportunity. I don't care what happens with the trades I don't take.

6️⃣ Trading journal: I maintain a detailed behavioral journal to record my thoughts, emotions, and performance trends. Reflecting on past behavior helps me identify any FOMO tendencies and make necessary adjustments.

7️⃣ Take breaks & self-care: Regular breaks during trading hours prevent burnout and emotional decision-making. I prioritize self-care to maintain a clear and focused mindset.

Consistency breeds discipline and confidence, and discipline and confidence conquers FOMO. 🛤️🚀✨