If you think that experienced traders don’t make mistakes, think again. I remember Stanley Druckenmiller, one of the best (if not the best) global macro traders in history talking about how he lost billions when he went long the tech stocks in 2000 missing the top of the bubble by an hour or so. Even though he knew he shouldn’t have done that and told himself many times to refrain from buying, he eventually fell into the emotional trap of the fear of missing out (FOMO). He didn’t learn anything from that mistake, it was just a normal human impulse. The reality is that such emotion driven mistakes do happen and no one is exempt from them.Another common mistake experienced traders fall into is
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