FOMO is entering because the move is HAPPENING, not because your setup appeared — paying the worst price of the day for the feeling of being included. Overtrading is its quieter sibling: entering because you're bored, flat, and the market is open. Both replace 'is there an edge?' with 'do I want action?' — and the market charges full price for action.
The tells and the caps
- FOMO tell: your urgency rises WITH the move. Real setups feel calm; chases feel like emergencies. Extended moves without a pullback are exits looking for buyers.
- Boredom tell: you're scanning for 'anything valid'. If you have to hunt for a reason, there isn't one.
- The caps that work because they're dumb: max positions per session, minimum minutes between entries, and a written setup list — if it's not on the list, it doesn't exist.
Missing a move costs zero. Chasing it costs money AND teaches your brain that urgency is a signal. Flat is a position — often the best-paid one.