It is a common fallacy among the traders that they are going to miss the trade and in the haste undertake certain cardinal mistakes which costs them heavily.So here goes the few rules for you to follow to avoid having the Fear of Missing Out (FOMO) Syndrome in the market:
(a) Trading Plan : Make sure that you always trade with a trading plan. The exit must be ready before you enter in the trade.
(b) Confirmation : Have system set up which gives you the confirmation to enter in the market.
(c) Type of Order : Use Limit Orders or Stop Loss orders to avoid FOMO stress.
(d) Alerts : Technology is in your hands and you can get alerts from your brokergae platform by selecting your criterion.
(e) Opportunities Knock in Market Every Day : Do not get panicked if you miss an opportunity as stock market has ample opportunities on daily basis. What is required is that you become a disciplined trader.
If you still feel it is difficult to follow all these guidelines, than trade with our hot stock tip of the day and start making money like professionals.
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