Precious Bullets

Today I made the same mistakes as before; two typical mistakes are very difficult to solve: impatience and FOMO (FOMO stands for “Fear Of Missing Out”). Bullets are limited on the battlefield. Every time you want to shoot, you must make sure you will not waste your precious bullets.

“Being overly cautious” and “acting recklessly” seem like two opposite behaviors, but they precisely share a common psychological root: the certainty of one’s trading system has not yet fully overridden human instinctive emotions.