If you are constantly worried you have missed the boat or you are still waiting for your life to begin that means that you are missing out on everything trading has to offer you.
It’s that feeling that there’s something better on the other side of today or this moment.
Believe it or not, this way of thinking isn’t all bad.
It’s a human survival technique from thousands of years ago. On the positive side, it can help us continue to strive and to take action to make sure we are as safe as can be and have as many of our needs met as possible.
So while it is easy to get caught up in the FOMO trap and fall into a cycle of feeling like you’re constantly waiting for your best life to begin.
If you’re constantly living in the future or hearing a litany of “what ifs” you’re not present to what you currently have or are experiencing right now.
If you’re not able to find peace with the here and now, chances are you’ll develop an unhealthy habit of always looking forward and never appreciating what you do have right in this moment.
That’s why it’s so important to gain self-awareness about what causes FOMO in your life.
If you struggle with FOMO in life, chances are you’ll struggle with it in trading.
For traders, FOMO creates adrenaline spikes that can lead to risky behavior. For example, it might feel necessary to get into a trade. If you don’t, you could be missing out on the big one!
This misplaced urgency to get on the train can lead to poor decision-making — and potentially big losses.
In this book, I’ll explore the gritty underside of FOMO and what causes it. I’ll also guide you through some powerful exercises to begin facing the demons that cause FOMO in your life.
By gaining a better understanding of what’s behind the FOMO in your life and trading, you’ll be able to contend with it much better — it can improve your outlook, your decision-making, and your self-compassion.
KIM ANN CURTIN
Kim Ann Curtin has worked in finance for three decades including 18 years as a coach. She has coached traders and executives for Bank of America, Blackstone, King Street Capital, Morgan Stanley and many more. Her clients include dozens of profitable retail traders. She helps traders end the cycle of self-sabotage and increase profits.
Kim is the author of “Transforming Wall Street: A Conscious Path for a New Future.” The book features 50 Wall Street legends including Bill Ackman, Jim Rogers and John Bogle. Her latest release is “The Five Practices to Become a Better Trader." This eBook fuses Kim's wisdom with insights from top traders including Jack Kellogg, Brian Lee, Jason Shapiro and Kyle Williams.
Kim hosts The Wall Street Coach podcast focused on trader education and psychology. Her coaching includes a unique assessment that helps traders identify roadblocks. In an industry first, Kim offers diagnostic lab panels for traders. The labs review 84 biomarkers, including hormones that affect profit and loss.