The market doesn't get easier for you. It's not as easy as we think it is. Because the market gets complicated for various reasons and whales play a part in that. Trading is a challenge where if you want to stay ahead, you must be strategic in various ways and you have to set your mind in such a way that you can stay ahead. Because here our little mistakes are often the reason for big losses. Most trading mistakes don't come from "bad luck". They come from you - from reacting instead of thinking. We see ourselves getting stuck in different types of traps for different reasons and our trading plan then goes wrong and we lose money because of that mistake. Here are some traps that traders fall into (maybe you've been there too):
[source](https://pixabay.com/photos/trading-analysis-forex-chart-643722/)
1. Chasing losses
You lose a trade and suddenly it's personal.
You go back and try to "win it back".
But now you're emotional, not strategic - and that's when the losses happen. One thing we must always keep in mind is emotion. We trade with our emotions. But here we must control our emotions in such a way that we do not drown in losses.
2. FOMO Strikes Again
A breakout occurs, and you’re afraid of missing out. So you hope late — no confirmation, no setup, just vibes. Sound familiar? But we should always stay away from this kind of panic, especially when the market creates a fear of missing out. You often find yourself in situations like this when you feel like you’re missing out on a big opportunity.
3. “Just One More” Syndrome
You’re ready for the day… but you’re tempted.
“One more trade won’t hurt,” right?
That’s often the case. Especially when you’re pushing. If greed can’t be avoided, there’s no way to survive here. To survive, greed must be avoided completely.
4. Holding and Hoping
Your stop loss is hit — but you move it.
Then move it again.
Now this isn’t a trade, this is a hostage situation.
5. Strategy Switch Up
You plan the trade, but halfway through, you panic.
You tweak the plan. Then again.
Eventually, you're making it up as you go. And losing control.
