The FOMO

I got this mental or emotional strain called FOMO and most of the time it affects my decision making in trading.

Fear of missing out or FOMO is "a pervasive apprehension that others might be having rewarding experiences from which one is absent" -https://en.wikipedia.org

Yesterday I bought WPI at 1.02 and of course you will ask me why right?  because the trend is currently or having those signs that is going to reverse. Bought it because I smell bounce play that time.

Once the price go below that Blue Line (MA100), there's a big chance that the trend will going to reverse. The ZF Tribe called it iZS (inverted Zues Trike if I remember it right 😅) and btw I'm not affiliated with the tribe. I'm just a big fan of Boss Zee.

Return to the topic, if you observe the trend carefully and when you see those MA's na widely spread out that they can't even touch each other, for sure the trend is strong.

Try to read Boss Zee blog for further info how to use MA's.

 http://zeefreaks.blogspot.sg/2011/09/moving-averages-and-patintero.html

Off topic na ko, back to WPI Trade.. I predicted the bounce based on this criteria (Don't trust a Newbie 😄 nag-aaral pa din ako ng bounce haha)

(1) First possible support is1.00(Psycological Support)

(2) If the psyco supp is broken the nxt candidate for bounce is 0.95(which is the 78.6% of fbb. This level of fibb is best for bounce plays).

As of yesterday, It bounce sa 0.95 price level and I bought at 1.02 when I saw its building support during Intraday (3mins).

My plan was to sell when it touches the MA100 (TP1) and if the trend is still intact, sell as it touches previous support that may turn to resistance at 1.14.

and the Day 2 of bounce has come, it touch my first TP and I saw the trend has been stopped out when it touches the MA100 at 1.12. I can sell during that moment but since I have this emotional problem of FOMO i got stun and hoping it will go till 1.14 which is my TP2.

I know to myself that this is the possible end of the bounce but I'm still hoping that what if, it gets higher. 😐

The problem was, I have a Plan to execute and it already give me the signs that the time is right at that moment. But the issue was..... I was HOPING which is bad in trading.. why I am Hoping? because of GREED... Greed to have more gain even I know that the end of line is near... The root cause of those two word in my opinion was FOMO.. I fear that someone is gaining while I already sold my position (must not a big issue since gain is gain not matter small it is but in my case its an issue 😟)
Btw I sold my position at the bottom of the candle (1.08) even though it is still in the support of Darvas Box I didn't hesitate to sell due to fear of losing my gain which is my original plan to sell once it break below the box, and after I sold my position it rallies up haha sad life. 

As of now, I'm still in the process of emotionless trading 😎

Take Note: If a stock burst during the early stage of the day and hit a resistance and stopped out, there's a big possibility for sharp retracement will be the next. I'm not sure but it is based on my observation.

Example: WPI and SSI.

for WPI kindly refer on the screenshot above.

SSI, early morning (as of 10/17/17) the price rallies with a strong momentum but when the price touches MA50 and tested that level 3 times during the 5 mins chart as seen below.. the trend  reverses immediately .