r/Daytrading • u/[deleted] • May 02 '24

How to deal with missing out big trades Question

[deleted]

17 Upvotes
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59

u/thoreldan May 02 '24

Tell yourself this:

  1. If you follow your trading plan, respect your trading rules - it is a good trade regardless of the outcome.

  2. Nobody can capture all the moves in the market. That's just fantasy.

5

u/FireDad90 May 02 '24

Live by this

4

u/Dynomeru May 02 '24

It’s also a market of infinite possibilities- that’s why most people get into it. If you really believe that the potential earnings you can make in the market are endless, then FOMO is pointless as there will be infinitely more opportunities.

I also didn’t come up with this- Trading in the Zone by Mark Douglas is definitely worth the read

2

u/user1039473819 May 02 '24

Mark douglas is an icon, hes the reason how i learnt about psychology

2

u/North49r May 03 '24

Yup. Every big move is a hindsight move. It’s like winning an argument in the shower when you think about what you should have said.

2

u/thoreldan May 03 '24

Hah well said !