4 Common Psychological Traps
- 🔥 FOMO: fear of missing out, leading to buying at peaks
- 😒 Fear: fear of loss, resulting in premature selling or hesitation to buy
- 💰 Greed: excessive ambition, leading to failure to take profits and unrealistic expectations
- 😤 Revenge Trading: attempting to recoup losses by going all-in after a loss
Controlling Your Emotions
- ✓ Having a trading plan in place before entering a trade
- ✓ Maintaining a trading journal for each trade
- ✓ Setting stop-loss and take-profit levels beforehand and sticking to them
- ✓ Taking a break after three consecutive losing trades
Application
👉 Utilize the Trading Journal feature on Vnstock.io.vn to manage your emotions and improve your investment decisions, whether you are investing in Vietcombank (VCB), FPT (FPT), or Hoa Phat (HPG).