Trading Psychology

In the article "How to Handle FOMO?" written by Brett N. Steenbarger, Ph.D., the author addresses the phenomenon of FOMO (Fear of Missing Out) and provides valuable insights on how to manage it effectively. FOMO refers to the fear or anxiety that one may experience when they perceive others benefiting from opportunities that they are not participating in.

Dr. Steenbarger emphasizes the importance of recognizing that FOMO is a natural psychological response driven by our innate desire for social connection and the fear of being left out. He highlights that FOMO often arises in the context of financial markets, where traders may feel compelled to take impulsive actions to avoid missing out on potentially profitable trades.