WickCheck / Trading school / FOMO
FOMOFear of missing outBeginner
Jumping into a move late because it is running without you.
What it means
FOMO entries are usually far from the planned level, so the stop is wide or missing and the risk to reward is poor.
How to spot it
- You are entering after a big candle with no setup on your list.
Common mistakes
- Telling yourself it is "momentum" when it is chasing.
Related terms
Revenge tradingTaking quick, bigger trades to win back a loss.…Trading planYour written rules: what you trade, when, how you enter, exit and size, and when…Risk to rewardHow far the target is compared with the stop. A 1:2 trade risks 1 to make 2.…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.