Follow Stocks Too Closely You Get Fear-Mo! » TheTechnicalTraders

Fear-Mo: Emotional merchants who get whipsawed from #concern & #fomo by watching the short-term charts.

Stocks continued to push greater yesterday with tech and huge caps. The IWM small cap index closed unfavourable, indicating my idea of end-of-year window dressing by giant funds and advisors are shifting their investor’s cash over to the top-performing giant caps and driving the market greater.

Believe it or not, after the opening bell at present when shares took slightly dip decrease, merchants freaked out and panicked for a quick second. This is the issue with folks listening to the information, studying opinions from many alternative sources, and being glued to watching the intraday worth motion. Traders are jumpy, frightened of dropping cash someday, after which frightened of lacking out on future features. It’s been like this for so long as I do know, and I do not see it altering, nevertheless it simply goes to indicate a tiny little blip on a chart. It’s a nightmare to commerce with out a plan or self-discipline.

On one other be aware, we had this remark yesterday, and I wished to put up it right here as it is a frequent kind of query, and everybody can profit from it.

Trader Fear and Fomo

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