AdvancedLesson 4 of 4 · 8 min
Psychology and Routine
FOMO, revenge trading and the routines that reduce emotional decisions.
Illustrative chart · Chasing an extended move
Common traps
Fear of missing out pushes entries late. A loss followed by an immediate, larger trade — revenge trading — replaces a plan with emotion. Both are common and both are manageable.
Routines that help
Write the plan before the session, set a daily loss limit, and review trades in a journal. Structure makes good decisions repeatable when emotions run high.
Key takeaways
- Name the trap to notice it.
- Use written plans and loss limits.
- Journal and review regularly.
Charts are illustrative examples, not real market data. This content is for educational purposes only and is not financial advice.