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Why you overtrade and how to fix it.
http://www.financial-spread-betting.com/strategies/overstretching-overtrading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! FOMO. (Fear of Missing Out) Do you overtrade? I used to have this problem and I still have to be careful that I don't have too many trades open at any one time. The main reason we are overtrading is FOMO - i.e. Fear of Missing Out. We want to take that trade because we believe it could be a good winner and we want to express that by putting risk on the table. But overtrading can get so bad that it could end up your trading career. Unfortunately this problem is very common amongst day traders and swing traders alike.
How to fix it? Have a trading plan and set limits and just accept that you will lose a lot of opportunities. The whole point is to get the very best trading opportunities. Limit the total amount of 'acceptable net loss' you are willing to take. Another strategy you can do is to end the day after a certain number of wins.
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Related Videos:
5 Reasons Why OverTrading is so Deadly 💀
https://www.youtube.com/watch?v=WX8N6NlFq8IOvertrading vs Undertrading: How To Strike The Right Balance! 👍
https://www.youtube.com/watch?v=0D1z5M3BgVcWhy You Overtrade and How to Fix It! 👍
https://www.youtube.com/watch?v=1OG1Wftazok7 Reasons Why Traders Overtrade! ⚠️
https://www.youtube.com/watch?v=KUeGQtkdAgETips to Help You Overcome Overtrading ⛔️
https://www.youtube.com/watch?v=53NHQhhpWqATrading Mistakes and Bad Habits to Avoid 🙄
https://www.youtube.com/watch?v=iwG723PjjkYTop 4 Tips For Dealing With FOMO (Fear Of Missing Out!) 😀
https://www.youtube.com/watch?v=ZJVm890OnW0About the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
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