Trading Plan Vs FOMO
Now let’s put everything we learned into a plan to execute a trade. This lesson compares trading with a plan versus trading on FOMO. A trading plan defines your entries, exits, risk, and rules before emotions take over. FOMO leads to chasing price, poor risk management, and inconsistent results. By using checklists, order types, and market context, traders stay disciplined, protect capital, and trade with intention instead of impulse. The goal is consistency, not excitement.