Mindset: FOMO, Revenge Trades, and When to Stop

FOMO = being afraid of missing out, so you rush to buy because a token is busy or other people are already in profit.
The signs:

• You start wanting to skip checklist steps because you're afraid of missing out (lesson 2.14).
• Buying a coin that has already flown way up (lesson 3.1), or chasing a price far above support (lesson 3.6).
• Following every buy from the wallets you track (lesson 3.5).
• Jumping on "guaranteed 100x" calls or shills (lesson 1.7).

How to deal with it:

• Take a breath, check again, or skip the token (lesson 2.14).
• Remember: missing one entry is fine, there'll be other tokens tomorrow (lesson 3.5).
• Write your exit plan first (lesson 3.9). If the plan is hard to write, chances are you're getting in because of FOMO.

Revenge trade = jumping right back in after a loss to win your money back, often with a bigger position (lessons 1.1, 3.3).
Why it's dangerous: decisions get made while you're emotional, the checklist often gets skipped, and the position size goes up. A small loss can turn into a big one.
How to deal with it:

• Take a break after a loss. Close the terminal for a while.
• Fill in your journal before the next trade: why did you lose, was it the analysis or the execution (lesson 3.4).
• Keep your next position size within your rules, don't raise it (lesson 3.10).
• Don't add money because of emotion after a loss (lesson 3.3).

Set your stopping rules before you start trading for the day, not in the heat of the moment. Example rules (illustration, pick your own numbers):

• Your daily loss limit is hit (lesson 3.3). Illustration: lost 10% of your money today = stop until tomorrow.
• Several losses in a row. Illustration: 3 losses in a row = take a break first.
• You're not in good shape: sleepy, tired, or emotional.
• Right after a big win. Greed shows up most often during a winning streak or right after a big loss (lesson 3.3). Withdraw part of your profit first (lesson 1.6) before carrying on.
• You start using money that isn't spare money (money for needs, debt, or loans). That's a sign to stop completely for now (lesson 1.1).

If trading starts getting in the way of your daily needs, adds to your debt, or keeps stressing you out (lesson 1.1), stop for now and take stock. Talking to someone you trust can help too.

• Use money you're ready to lose, so every price move doesn't feel like a threat (lesson 1.1).
• A small, consistent position size (lesson 3.10).
• A TP and cut loss plan before entry (lesson 3.9).
• Log your emotions in your journal on every trade: calm, FOMO, panic, or greed (lesson 3.4).
• During your weekly review, look at the times or conditions when you lose most often (lesson 3.4).

• Raising your position size to win back a loss.
• Carrying on trading even though your daily loss limit has been hit.
• Thinking stopping means losing, so you keep forcing it until your money is gone.

Your number one enemy is greed and FOMO. In the market, what we're after is the smallest possible risk, and sometimes the most effective way to shrink your risk is to just stop for a while.
More Advanced/Tips material is on the way, stay tuned!
Not financial advice.