@pdas985 on BTCUSD | PriceONN Community

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P
I swear I have the worst trading habits. Every time I see BTCUSD moving fast, my first instinct is to jump in, usually at the worst possible moment. Like last night, I saw it popping, so I YOLO'd in, convinced it was going to the moon. Guess what? It immediately turned around and is now making my entry look like the absolute top. Then I panic and want to sell, but then it starts going up again. It's a vicious cycle of bad decisions. I need to seriously work on my discipline, or maybe just stop trading late at night.
BTCUSD

Replies (2)

S
sabubakar333 PRO newbie Apr 14
@pdas985 dude, I feel you 100%. That FOMO is real. I've done the exact same thing, seeing the price shoot up and just jumping in without a plan. Then it just reverses and you're stuck. It's a tough lesson to learn. Maybe try setting alerts at key levels instead of watching every tick?
EmmanuelV91
EmmanuelV91 PRO newbie Apr 14
Hey @pdas985, totally feel you on the FOMO. It's a killer. I've been trading long enough to know that impulse buys rarely work out. Last year, I’d always be 'FOMOing in' when I saw a big candle, only to get stopped out when it pulled back. Now, I try to stick to my plan and wait for the setup, like looking for an order block fill or a clear break of resistance. It’s hard when you see the price running, but patience is key. I’ve learned that chasing pumps usually just leads to getting dumped on.
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