Week 11: The Mindset – Psychology

The market is a mirror. It reflects your own flaws back at you. If you are greedy, it will rob you. If you are fearful, it will freeze you.

1. FOMO (Fear Of Missing Out)

You see a stock rocketing up. You feel stupid for not being in it. You buy at the top.

• The Sniper Reality: There is always another bus coming.
• If you missed the entry (The Kill Zone), let it go. Chasing a trade is the fastest way to lose money.
• Mantra: “I trade my setup, or I trade nothing.”

2. Revenge Trading

You took a loss. You feel angry. You want your money back now. You double your size on the next trade to “make it back.”

• The Result: You usually lose that one too. Now you are down 2x.
• The Fix: If you take a full loss, walk away from the screen. Close the laptop. Go outside. Do not trade again until tomorrow.

3. Boredom

The Sniper Business is boring. Selling Theta is like watching paint dry.

• Amateurs crave excitement/action.
• Professionals crave boredom/consistency.
• If you want excitement, go to Las Vegas. If you want income, stay here.