I have a sense to why I more likely to act out on my fear of missing out than my fear of losing. My fear of missing out has definitely cost me more money that all my other fears combined. Because as I sit here and watch the market close (ES putting in a low of 2067.25), a lot of emotions got triggered for me. Emotions such that question my worthiness as both a trader and as a person. Thoughts of I'm not good enough, I will never be able to be a successful trader. These are more powerful than my fear of losing. I don't have thoughts like "I'm a loser" when I take a loss, especially if it was planned out. But to miss out on a trade (especially where I planned for it), really pains me. And this is why I sometimes act of of this fear (especially because given my personality, I am more risk seeking). I seek to avoid the discomfort of missing out because of the feelings that get triggered in me.
So, as I close this post, I will sit and do 10 minutes of mindful meditation to investigate these feelings and let them wash over me. The hard thing is not to let them attach and identify with them. This is the real hard work that I believe is necessary to do in order to move in the direction of consistency.