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Top Trading Lessons: Trust Your Fundamental Analysis and Ignore the FOMO

Top Trading Lessons: Trust Your Fundamental Analysis and Ignore the FOMO

Dimitri Zabelin, Analyst


Trust Your Fundamental Analysis and Ignore the FOMO

I invested in the Ibovespa-tracking index EWZ which very closely mimics the overall price action of Brazil’s benchmark equity index. While I did initially lock in some profits, I ended up losing some on that particular trade because I ignored my gut instinct: to stay away from emerging markets in 2019.

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I saw EWZ rally up a storm on the back of optimism about the prospect of key structural reforms being passed and I kept thinking “I should try to catch this wave” before it ends. As it happens, I picked the top of the uptrend and incurred a double-digit loss. While I was (and still am) up for the year, it taught me valuable lesson: trust your fundamental analysis and ignore the insidious pull of FOMO.

--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitri on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.