The greatest traders are more zen master than mathematical genius. Mastering trading requires mastering your own emotions and impulses, and being able to calmly and coolly analyze every situation from a strictly objective point of view.
As you develop as a professional trader, you will face a number of hurdles and barriers to your trading that are ultimately the product of your own personality, emotional makeup and biases.
Successful traders overcome these obstacles through the diligent and rigorous development of a personal trading style and set of strategies that help to counteract and control these universal human weaknesses.
One of the most common such emotional traps is known as ‘the fear of missing out’ or ‘FOMO’ trade.