Do you expect better, but then impulsively jump into things due to FOMO? - page 2.

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Quote from: Distinctin on September 10, 2023, 04:26:29 PM

Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

even veteran traders also sometime can't avoid getting lured into FOMO, sometime its just too tempting like you see some people are making instant profit of thousand of dollars with mere investment of measly few bucks will you not tempted by that fact that the ones that make profit could very well be you?
thats the thing with FOMO, everyone could get lured by it, it just depends on how prospective the FOMO seemed to be.
so if someone fall into FOMO i don't really blame them, after all they might be looking for opportunity and they thing they have made best decision and logical decesion at that, yet turns out that was massive disappointment.

2double0

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There are some conditions to be met before I open a live trade (can't reveal them). But I go for limit trades to save myself from too much of depression, stress and anxiety that happens when you trade live. It is not a FOMO necessarily to get into a trade if we have taken a calculated risk with everything pre-planned about it. If you have issues getting in a trade due to FOMO, I can only suggest you to go somewhere and forget about the trade (I mean don't open a trade), try to divert your mind to something else.

Uruhara

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Quote from: Distinctin on September 10, 2023, 04:26:29 PM

Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

It's true that everyone involved in crypto trading at first is often trapped in a FOMO state, that is, they follow the ongoing hype. And there is a feeling of fear of being left behind, the price will rise high if you don't rush in. Yes, this is clearly a behavior that we usually encounter among beginners. But even experienced traders sometimes follow the hype to make quick profits. It's just that they don't enter with a feeling of FOMO. But they entered with a mature strategy that they had prepared to face the hype market situation. They usually come in even before the news becomes loud. And they came out when the hype was at its peak.

Every beginner has faced a FOMO situation. And they have to learn from this experience so they don't fall into FOMO again.

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Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

This is normal, what you can do is to set-up your target and commit on that because if you are too emotional then you might continue to experience this especially if there’s a lot of hype and fud in the market. Learn the process, understand the concept and be more confident with your strategy, this is the only way to battle the emotion to stay realistic and focus on what you have the control and that is to buy and sell at the right time.

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If you are a part of trading then you will take decision emotionally and on the other hand if you are a part of investment and have idea to deal according to the market conditions then you will have control on your feelings.

Trading put pressure on a person therefore he prefer to take fast outcomes but if you realize the market and properties of bitcoin then you will keep your bitcoin under harsh condition without thinking about loss.

at start thoughts will be based on emotions because a person is not experienced but as he learn so he will also minimize the interference of emotions in deciding something about successful coming days.

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Quote from: Awaklara on September 14, 2023, 12:08:32 AM

Quote from: Distinctin on September 10, 2023, 04:26:29 PM

Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

it will be done slowly. maybe after novice traders start to get trapped and experience losses because they follow their ambition to make a profit.
Maybe every novice trader also does something similar. Even every professional trader today may also make mistakes when they start trading.
I can call it the experience of a trader's journey to become greater. but it all depends on the trader's ability to make decisions after what they experience in trading.

Mistakes are inevitable no matter how pro or noob you are on trading on which it is something inevitable.The main difference here only is about on to those pros who do really able to know on what they should gonna do on

the time that they would be experience such situation and since they are experienced and knowledgeable then they do know on what they would gonna do unlike into those noobs who would really be just simply freaking out
because of the negative that they had able to get or experience. Although these results or outcomes would really be added up on overall experience which it would really be making you even more better as time passing by.
It is really just that a matter of time for you to be able to enhanced and will really become that professional as you do engage even more with the market.It all matters on how you do sustain this market.

If you do keep losing, then try to reassess on whats matter with your strategy or simply its just a trial and error thingy. It is really just that hard though and not something that could really be achieved
in short time.This is why it would really be that wise that you should really be that trying out to adapt on whatever situations that you do able to face so that next time you do already know
on what to do.

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Quote from: Distinctin on September 10, 2023, 04:26:29 PM

Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

it will be done slowly. maybe after novice traders start to get trapped and experience losses because they follow their ambition to make a profit.
Maybe every novice trader also does something similar. Even every professional trader today may also make mistakes when they start trading.
I can call it the experience of a trader's journey to become greater. but it all depends on the trader's ability to make decisions after what they experience in trading.

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Quote from: AmoreJaz on September 10, 2023, 03:57:11 PM

Quote from: Silberman on September 10, 2023, 03:54:05 PM

This is a process and like any skill it is learned over time, if you are jumping into the market out of FOMO this means that you are not really confident on your skills as a trader, as you are letting the market to influence you very easily, and the best way to counter this tendency is very simple, you need to improve your skills as a trader, as such you need to read as much as you can about trading, paper trade the markets and refine your strategy, and if you do this for long enough then you will eventually lose the desire to jump on the first coin pumping you see.

such attitude can be found mostly in newcomers in this market. as they have the notion that they can easily get profits from this market, being impatient is one of their mistakes here. but throughout the years, as you gain more experience, you will have more insights on what to do and not what to do in this market. reading, actual trading will help you gain more knowledge on what to do with your trading activities.
also, thru time, you will have better grasp about new projects and how they will possibly perform in the trading market.

You are right but it is necessary newbies learn this lesson as soon as possible, and this is because the longer they take to learn it the greater the chances they will make a mistake during that period of time, also the mistakes that newbies make are way bigger than the ones they can make once they get more experience under their belt, however many newbies refuse to do so or they learn from dubious sources, so by the time they learn those lessons the losses they have accumulated over the years are almost impossible to overcome.

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Quote from: AmoreJaz on September 10, 2023, 03:57:11 PM

Quote from: Silberman on September 10, 2023, 03:54:05 PM

Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

This is a process and like any skill it is learned over time, if you are jumping into the market out of FOMO this means that you are not really confident on your skills as a trader, as you are letting the market to influence you very easily, and the best way to counter this tendency is very simple, you need to improve your skills as a trader, as such you need to read as much as you can about trading, paper trade the markets and refine your strategy, and if you do this for long enough then you will eventually lose the desire to jump on the first coin pumping you see.

such attitude can be found mostly in newcomers in this market. as they have the notion that they can easily get profits from this market, being impatient is one of their mistakes here. but throughout the years, as you gain more experience, you will have more insights on what to do and not what to do in this market. reading, actual trading will help you gain more knowledge on what to do with your trading activities.
also, thru time, you will have better grasp about new projects and how they will possibly perform in the trading market.

Newcomers indeed into those people who had been first time on this market on which they arent aware on whats the default movements or behavior on which they would really be likely be that getting Fomo'ed.

This is why on the time that they would be experiencing those things then this is the moment that they would really be able to realize that it was never been that too easy on dealing up with this space.
Those early assumptions and expectations that they could be able to handle themselves easily within this market would vanished and would really be ending up to be totally changed and would
act accordingly on whats the reality. Even myself or most noobs do have this kind of early belief on which they do saw that it was really just that too easy on making money
within the market but on the time that they do set their foot into this space then it would really be a different story.

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Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

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Quote from: Silberman on September 10, 2023, 03:54:05 PM

Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

This is a process and like any skill it is learned over time, if you are jumping into the market out of FOMO this means that you are not really confident on your skills as a trader, as you are letting the market to influence you very easily, and the best way to counter this tendency is very simple, you need to improve your skills as a trader, as such you need to read as much as you can about trading, paper trade the markets and refine your strategy, and if you do this for long enough then you will eventually lose the desire to jump on the first coin pumping you see.

such attitude can be found mostly in newcomers in this market. as they have the notion that they can easily get profits from this market, being impatient is one of their mistakes here. but throughout the years, as you gain more experience, you will have more insights on what to do and not what to do in this market. reading, actual trading will help you gain more knowledge on what to do with your trading activities.
also, thru time, you will have better grasp about new projects and how they will possibly perform in the trading market.

Silberman

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Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

This is a process and like any skill it is learned over time, if you are jumping into the market out of FOMO this means that you are not really confident on your skills as a trader, as you are letting the market to influence you very easily, and the best way to counter this tendency is very simple, you need to improve your skills as a trader, as such you need to read as much as you can about trading, paper trade the markets and refine your strategy, and if you do this for long enough then you will eventually lose the desire to jump on the first coin pumping you see.

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Quote from: Rengga Jati on September 08, 2023, 03:26:25 PM

Sometimes, a person needs various experiences to be at the current stage. Whether it is the experience of other people or yourself, it will certainly have a greater impact. In this case, I personally have experienced it, trying to get in on the hype and even following the FOMO of the time, the FOMO of a particular coin launchpad. and always end up losing. From this experience, my confidence in investing in Bitcoin finally grew bigger. Because Bitcoin is indeed the most worth it investment so far, if we have the patience to do it. Because, patience is one of the keys in holding Bitcoin, especially during this bearish season.

Any individual that wants to invest into Bitcoin needs to have patience because it's very important to have it. Patience means you won't be worried about how the market is moving because you believe in the future the price of Bitcoin will be profitable for you to sell and when you have patience with your investment, you'll be among the investors that'll make profits when the bull market returns. If you have patience, you won't fomo like other investors.

Fomo is only for those that doesn't understand how the market works, whenever the market rises, it'll follow with a correction and if you are observant this always happens therefore there's no point in rushing to buy when the price of Bitcoin is rising because it'll fall again.

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Quote from: MarathonA on August 31, 2023, 08:49:39 AM

... Has anyone reading this ever found a cure? How do you permanently change and naturally be patient?

When you realize that the cryptocurrency market will provide you with an unlimited number of opportunities to make a profit, you will stop regretting the lost profits. And if you did not have time to buy a coin at a low price, you do not need to buy it when its price has already increased significantly. Wait for the next opportunity.

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Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

This will happen if you don’t have the strategy toward the market.
Though I’ve also experienced this when I’m just starting in the market and I agree that FOMO will just lead you to another losses so in order for you to prevent this from happening, always make sure that you have your strategies, you know how to analyze the trend and know when to take profit at all.

Rengga Jati

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Quote from: MarathonA on August 31, 2023, 08:49:39 AM

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Sometimes, a person needs various experiences to be at the current stage. Whether it is the experience of other people or yourself, it will certainly have a greater impact. In this case, I personally have experienced it, trying to get in on the hype and even following the FOMO of the time, the FOMO of a particular coin launchpad. and always end up losing. From this experience, my confidence in investing in Bitcoin finally grew bigger. Because Bitcoin is indeed the most worth it investment so far, if we have the patience to do it. Because, patience is one of the keys in holding Bitcoin, especially during this bearish season.

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Quote from: darewaller on September 07, 2023, 02:01:34 PM

Quote from: Husires on September 02, 2023, 03:09:02 AM

FOMO happens to me when there is a lack of certainty, meaning that I am thinking about several things and I am not sure of the decision I made, or when I do not develop a specific strategy, and both things can be solved easily, as I can place a bot to trade with a strategy, and after that, if a loss occurs, I will not regret it, but as long as I prepare. Thinking about your investment or if you do not have a strategy and plan, FOMO will control your investment decisions, and then you will depend on luck for the success or failure of the plan.

It's okay to FOMO that way but the FOMO that the OP is talkin about seems not right, and there must be a major reason for it to happen. It is still better to stick on our promise even if what we get in the end is a loss. If not, and we are right with out decisions, we can gain a lot of benefits.

Even if we use a bot, I think it is still possible for us to get involved in a FOMO, unless if we already ran the bot before, and we haven't go back yet in the market nor watch a news because that can trigger us to FOMO. Thinking about our investment is fine because what if we forgot them? What is only wrong is when you over think them. We need to distract our selves in other things in order to avoid it.

I never ever consider FOMO to be a good thing on which you are buying the prices are mooning on which i do really suggest the other way around on which trying out to chase the bottom but of course it would really

be having its cons too on which we should really be that mindful or be careful on how to deal up with things because one mistake or decision then you might be ending up on negative on which not all people would really be having that kind of level of control when it comes into their emotions on which it might really be leading up into those impulsive decisions which might cause into more deeper problems on which this is something that should really be that avoided in the first place.Dont make yourself get dragged on the time that there's FOMO but if we do speak about Bitcoin then having the plans on accumulation then
it wont really be that an issue whether you are really that getting in late or on peak since you are really that holding for long term.

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I usually jump in anytime I get any money at all, it is not really that much of a shocking thing about me. I do not FOMO additionally, I am naturally at FOMO state for bitcoin at all times anyway. This means that I get to end up investing into bitcoin whenever I have the money for it and do not make any FOMO about it.

This isn't really impulsive though, it is really just how I am and that is how I am going to stay for a long time as well. I get that it is not going to be something that would be different on the long run, but it is definitely something that will be possible to just enjoy. That doesn't mean that we are going to end up with anything that would be tough to sell, it is just what it is and I am fine with it.

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When you start to fall on FOMO and experience losses after, that’s the time that you want to avoid falling on FOMO in the future and just be more patient so you can focus on your goal. However, it takes years to learn to adjust in the market and not easily fall on FUDs and FOMOs, and when you become certain with your trading goals and decisions, probably changing to be a good and reliable trader is more possible.

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Quote from: Husires on September 02, 2023, 03:09:02 AM

FOMO happens to me when there is a lack of certainty, meaning that I am thinking about several things and I am not sure of the decision I made, or when I do not develop a specific strategy, and both things can be solved easily, as I can place a bot to trade with a strategy, and after that, if a loss occurs, I will not regret it, but as long as I prepare. Thinking about your investment or if you do not have a strategy and plan, FOMO will control your investment decisions, and then you will depend on luck for the success or failure of the plan.

It's okay to FOMO that way but the FOMO that the OP is talkin about seems not right, and there must be a major reason for it to happen. It is still better to stick on our promise even if what we get in the end is a loss. If not, and we are right with out decisions, we can gain a lot of benefits.

Even if we use a bot, I think it is still possible for us to get involved in a FOMO, unless if we already ran the bot before, and we haven't go back yet in the market nor watch a news because that can trigger us to FOMO. Thinking about our investment is fine because what if we forgot them? What is only wrong is when you over think them. We need to distract our selves in other things in order to avoid it.

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