Topic: Fighting your own FOMO (Read 550 times)

The thing is, what causes fomo are news that does seem credible to a lot of people. But the longer you stay in the market i think the more you get matured. It's going to be hard to fight fomo when you'e new to the market and you're seeing a pump for the first time. Maturity will come naturally and eventually, fomo will not be that hard to resist.

I'm still keeping my composure before the FOMO. I think something that gets too much attention is no longer valid. It will not bring me profit or bring me risks.
so i just go ahead of people instead of i follow the FOMO news. I'm always special to make more money.

I got a lot of trades or trade call from a friend in which we have a gc in messenger and telegram and in there, he will announce the trade we'll be doing. And by that, I get to have a lot of trades and most of it are so accurate that made me a lot of profits. That guy was so great to have. Unfortunately, I get to miss a lot of trade also. I had a FOMO in trading but that ends well because my friend told me how to make my FOMO go away. He told me that there lots of trade left and there's nothing to stop trading in cryptocurrency. So, he said that just follow my trades and and forget you might as  well fight your FOMO.

Fomo is what I called revenge trading. Once a trader who is not discipline loses trade the next available trading set without due analysis will become his missed opportunity to recover the loss. This is part of greed and avarice which is not good both in trading life and conventional life. I use trading plan to counter the effect of FOMO in my trading life.

Meditation is a good solution for fighting your desires.
It is a way to clear your mind and forget about the thoughts that bombardize your mind. In order to avoid FOMO I also don't read news in the websites that don't seem credible to me.

You can have what you want if you have realistic wishes, if you have big wishes it`s hard to make all of them true. Fighting with FOMO is actually fighting against yourself, you need to know what you want, your wishes, when you know that you can concentrate on that and not have a fear from missing something, anything. Don`t fear that you will miss something cause that`s a life, you can`t be everywhere in the same time, find your own fun and work for your own goals.

FOMO is not new in human lives apart from crypto business. We always don't want to be late when it has to do with money either in gift or business investment. For example, seeing a bull move in market, we want to hastily get into it to pick out our own from the run. Although, such haste could be risky if research is not properly done.

FOMO in crypto trading can be good as well,we all might heard that buy FOMO and sell FUD,so we need to buy the coins when we are facing the market with fear.We don't have to follow the feeling of others because it is just simply making us to be in loss.

What I know is that FOMO is bad but good for people who knows how to control themselves. 

This market is full of speculation and hype and usually the newbies can easily FOMO and this would benefit us matured people as we can take
advantage of their weakness. If we have matured, we might think like whales, and as they FOMO the value will only increase which makes us profitable.

The last bull run is driven by FOMO, and resulted to a overvalued price.

We can always integrate our greed in trading to our daily life. As long as we manage to control ourself, we can still gain success whether on our trading or with our daily purpose in life. We can sometimes fall for the FUDs but as we stayed for so long, we are learning and we tend to realized that FOMO is just a bait for us to fail in trading.

You hit the point mate, the number one problem of crypto traders in greed and not until they lose several times before they learn their lessons. Though it took me too 2 great losses to learn my lesson before I stopped being greedy when trading, I trade without putting any form of risk management in place but I ever since I got to know better, I virtually make profit everyday day trading without any form of losses no matter how little the profit might seems. I have also learnt to make use of my stop loss too which is a vital trading tool.

Anything called money brings Anxiety, as it is now, virtually everyone is anxious about the waves expected of this year bitcoin be it trader or an investor, but when it gets to trading, I usually don’t allow my emotion take the best of me, I already set my mind on successful trading and don’t allow greed in, I take my profit when due no matter how little even if I see it rise far above the profit I took, it is better to win than to loose.

I also read more of great analyst news with great hopes on the coin I invested in, I don’t read negative news at all, one I see one through the headline, I skip it. Since I do my technical analysis with various indicators available to me, I don’t think I need to read any bad news that the good one.

This is difficult only for people who have FUD in their systems that needs to be flushed to get into FOMO stand point. There are those of us here who did not lost any hope of bitcoin or crypto currency even during the horrible year 2018, it doesn't matter how much bitcoin drops I believe it will always go up. Going to 20 thousand dollars and dropping to 3 thousand dollars only tells me bitcoin CAN go to 20 thousand dollars and its possible and it doesn't tell me bitcoin is dying or ending.

There are people who see the drop as the end of bitcoin, I see it as only the start of what bitcoin can become in the future. The point is, do not lose hope at the worst of times and you will not have to gain hope during the bottom prices, as long as you are always hopeful you will always get richer during bull runs.

Sometimes we are the cause of our loses, greed takes over us and we keep staying in the market even when our target profit has been reached, this is one issue about FOMO.

I never believe in news in crypto market. I only analyze the psychological developments of the majority of investors and sharks to make investment decisions. Because sharks in the crypto market are numerous and they are often the price controllers.
so I don't care too much about FOMO, or I often do the opposite of FOMO. It is quite effective in some cases.

My strategy is not to join those groups that give growth signals of some altcoins. I simply read a lot of news about crypto, altcoins, new tokens I could know and analyze it quickly.
We need to analyze and make decisions ourselves. not decided by the crowd and that's my strategy.

Yes difficult fo fighting with natural emotion of greedy and FOMO, and to control it not necesary to do meditation but we should be have better management of risk and money, we should be also have target profit and after target profit achived we should be out from the market and use that profit to buy asset that has lower risk, like gold.

You are using a very interesting technique to avoid that fear, what I do is simply to look at the market and see if it is the right time for me to enter the market, if it is too late I just forget about that coin and look for another one, after all we have thousands of coins in the market missing the moment a coin goes up in value is not a big deal as long as you can find other coins that will do the same.

Meditating is good especially when you have no control over your mind base of the prediction and fake or good news that flow into the market.  I think we are not going to follow those FOMO if we really want to succeed in our trading.  You need to listen to gut to succeed in this market.

yes, everyone has their own way.
for me, I keep assets in a separate wallet, like coinomi or blockchain wallets. Not in the exchange. that is why when there is good news about certain coins that can cause FOMO, you cannot be rushed, you will think "transactions to wallet exchange will take time and maybe I will miss, better just leave it alone or it's just will waste cost fee." and then you will cancel to send your coins and didn't follow any FOMO

It's the same as keeping your panic in check. It's usually greed that fuels fomo and i think you just have to have a plan for your exit. A sell point that you can be comfortable with regardless if the price continues to pump. Many people find this extremely hard to practice though.

Having FOMO isn't that bad if you were able to join in the ride in the right time and if you only guard your trade with that until things happens the wrong way.

Well that should be everyone's concern, decision should be based from logic by looking at the facts and figures, however, human natures dictates that most of the time, people tend to be emotionally involved and as a result, we can't make the right judgement in reasonable amount of time.


Yes, they are part and parcel of this ecosystem. They goes hand to hand. For a average traders, its really hard to distinguish and fight them, unless you learn everything from experienced but it take years to be a seasoned trader.

There is a kind of tricks that make me very steady, which is setting the investment rules. This rule is created by me and every time I invest, I always look at it and do not want to change the decision. This is a basic tip for you to control psychology better than ever. I learned from the stock market professionals.

FOMO and FUD goes hands to hands. You cant control both at the same time, if one perishes then other will exists and vice versa.

To fight with that natural emotion , i have to understanding price action of crypto and should be have diversify risk. The price of all crypto is always any the bottom and top price, its not all the times going up. I been 2 times loss money because FOMO and greedy, and i promise with my self , i will never do it again.

One must write its own manifesto. You will write everything you won't do and when you hesitate, you will check that paper. Every time you do want to do something you'll regret, you'll check that paper.

Indeed, which its always been part of human nature to feel the urge on not to miss an opportunity since we know we are here to invest to earn profits and if we do see those opportunity we cant really or hardly resist not to FOMO. For people who do have the capability on using up the market specially to those whales and other big investors they do know on how people reacts when they do saw pumping prices.They do make use of such weakness of most investors which do ends up on being wrecked.

Tried and true setups! That is always one thing that comes with experience over time and then you see yourself just confidently making market trading decisions without any stress at all. The issue why a lot of people FOMO is because they do not have any substantial strategy to build on and then even if they have, they usually do not take out their time to try it out and build confidence in using it over time, but as long as you are able to gain knowledge and a good strategy, FOMO will never be a thing at all.

Most times I believe the FOMO thing for most people is just something that results from the normal human nature to not want to miss an opportunity most especially when there is so much going on and not enabling them to think rightly.

However, the ability to be able to not be a part of FOMO is to always have the knowledge to invest and at least in some little way be able to trade the market. Yes, I would not say at some point for every trader during the stage of learning, they would not have ended up trying to join FOMO, but one thing is that as long as you are not able to get in early, it is better not to even get in at all.

FOMO is something that usually occur, both when I am on trading platform and when I am at gambling places. To prevent it from haunting my mind, I made several targets before trading or gambling. Targets are limits that I should not violate.

i don't think meditation is the way to keep yourself from FOMO ! when i first started trading in cryptocurrency i felt in this trap a lot then after losing money i learned my lesson in the hard way . i think one have to lose to learn how to trade properly. Anyway FOMO is better than selling in loss as in the long term all alts are going up eventually and you will make profits no matter where you buy

FOMO can be a blessing and curse, the best way to approach a FOMO is to use a take profit plan and stop loss, if after entering the trading and coin continues to pump until profit, it is either better to sell or place a stop loss at a comfortable level below the current price at a comfortable profit level, always adjust upwards aside the coin pumps

Experience which can help me fight my own FOMO, when i keep lose because i got panic and FOMO come to me, i learn something that i must wait for right moment to trade and not only follow what market want me to do.

My first point of reaction is always from logic, I try to get as much Information as I can gather in a reasonable amount of  time and make decisions   based on fact and figure.

Your idea is so great! we must train both of our mind and body. we should do exercise such as GYM or Kungfu to make yourself strong. I believe it can make your mind is smarter to give the right choices

wow. i don't understand much . but i look so great. i wiil find more information about this

Look, in my opinion sometimes you get lucky for FOMOing, you buy something and it's going big or you join a project that is actually a good deal. But I wonder if that's good in the long run or just reinforcing bad behavior. Imho, try to stay away from it, be rational, and always have an WHY for what you're gonna do. Personally, FOMO hits me the most when I sell not when I buy. Every time I sell, I wish that coin will never go up because I KNOW, despite a solid why, a plan, and even a good profit, I'll feel stupid for selling early. But knowing is how you win the fight with FOMO. Expect it, laugh at it, move on

FOMO Will make you do outrageously stupid things, like buying coins when they're pumping, investing in stupid projects that trolls call the NEXT BIG THING.Will convince you to hold on coins that are clearly done or even those who lost you money because maybe they'll be big again!Will blur your investment vision, pump adrenaline into your veins and transform you from a rational player into an emotional monkey...with funds! That's a dangerous monkey, fellas. One that is about to go broke.

FOMO is always going to be bad but the crazy part to it is that it will never stop. FOMO has been a part of most market right from the onset and usually as long as there is a huge level of speculation in the market, it is always going to be something that would be hard not to expect.

Now, the only thing as a person is for you to at least know how to plan yourself in a market, have a strategy to be able to know when you should be getting in and getting out rather than participating in FOMO. There will always be room to buy low when price is showing some level of movement, but as long as you miss it, then just find another market you can opt into and hope for the best than jumping in front of a moving train.

Fear is the natural feeling of any person. It can not be completely ruled out, but you can learn to control it. You can only counter it by making sure that you make the right decision, but you always have a spare move just in case, for example, stop loss when you trading with cryptocurrencies.

Never meditated even a single minute, I never panicked anyway so it won't be an issue for me to get these fear from FOMOs. Just a side trader here looking for some rare good trades in the exchanges.
I wonder how those full-time traders feel after meditating so much, I mean not just the FOMO itself but the panicking of the fall of the market which is really common now especially when talking about cryptocurrency.

It wont even bother you if you are just using enough money. I mean the excess money from all your savings.

Another trick will be experience. Once you go thru all this types of human error then discipline will come the next time you will at the same event of your trading sessions.

Greed comes to those who cannot be satisfied with the profit they already made. If you are in a third world country and using USD as a currency for trade, it will feel like a large profit even for just 100-1000 USD.  

Trade and forget. Do not get attached too much.

Well we have to understand as well what makes a coin move the way it does when it's going up. If there are no known news upcoming, probably it's being pumped by whales and it's quite dangerous to jump on an artificial uptrend. It won't hurt to do a little research.

Fomo is one of the worst enemies beside greediness, well meditation might help to calm your mind and rethink your actions, its like you are being angry and doing some pretty messed up actions to voice your emotion that you might regret when you get calmed, I think the meditation is most likely applicable to case when the price drops significantly and you want to hold your coins tight or when there are a massive fuds that can influence your panic attack.

It needs practice,  discipline and of course information,  yoh cannot stop any people's greediness unless they are all bankrupt,  we have different strategy on how to control our portfolio and we need to integrate,  check everyday and supplement all the lackings we have, start daving and that's where your motivation become the foundation.

I find that meditation part to be quite funny. How do you expect a grown ass man that has lots of duties to handle to sit around meditating just because they have FOMO (fear of missing out)? This is a kind of situation where you need understanding.

You just need to understand that this is not the end, there will still be another opportunity cause this type of opportunity does not come once. When you’re able understand that, then you will be able to control yourself.

Wow meditation and jiu jetsu are some of your technique to counter FOMO? By how?  I mean how can you meditate properly if you saw your coin charts going up and up after you sold your coins? FOMO are common situation we saw when we trade specially for those coins that are being hype. For me I overcome FOMO in some situation by patiently studying the chart movement of a certain coin if I saw huge run up I sell cause I know there is also a some correction when there is a huge pump.

Asides greed, I would say the lack of knowledge and basis of being able to make quality decisions is one of the reasons why people join FOMO eventually. Over time, those who are smart enough tend to learn from experience and try to find a way to do it right eventually, while those who just want to keep being in their own ignorant state will keep doing the same thing over and over, while expecting different result.

The fact that people join FOMO shows their level of excitement and the possibilities of them making decisions ignorantly. Those who know will always know how to handle their greed based on their experience of the market.

Greed is normal to a person specially to those who have little to nothing in life, so if a opportunity may arise he will hang to it no matter what.

When i have a FOMO, i usually make the breathing exercise to eliminate the stress and anxiety that occurs. Take a deep breath and breath out to relieve the stress.

Let's be honest that even we said that we got rid of being a FOMO there's something inside us that we still feel being like this especially if we're waiting for some good pump and dump and so getting too agitated. Don't be pretentious anyway.

More likely, what we can do to cope is to divert our attention to some other things and refresh our mind from all of these crypto heart break and yeah some yoga sessions will do.

yes true fomo is bad indeed sometimes it is profitable but also at risk of loss because it is very risky when you see a high coin pump we definitely want to make a profit from it too but in reality most after we buy the price is a dump because everyone has got the profit and we get the loss

FOMO is never a blessing except if you are at the receiving end after buying the dips. However, knowing when and where to get into a market is what is a blessing. As long as you are joining FOMO, then consider yourself jumping in front of a moving train and if you are not careful you will get squashed into pieces unless maybe you just ended up getting lucky. As long as you want to fight your own FOMO, you should be ready to learn how to make market decisions, and if you do not want to learn to trade, just buy the dips and hold. It is as simple as that.

I must admit that FOMO get under my skin when I started my trading years ago and its really hard to fought it. Some suggest that fight FOMO with FOMO or just stay cool and relax. Perhaps if you are really that long, you will really get a hold and ask yourself if you really wanted to jump it or its just FOMO alert and nothing more. Just take a good walk and I'm sure that your mind and body will be clear and can make the right decisions. I haven't try meditation though. 

I believe that patience is the key to fight FOMO . Planning the trade well and investing in the right coin will help you in making the right investment and patience will ensure that you are getting a benefit out of your investment. So even if you bought at a little higher price be patient and wait for the investment to return a profit because it will eventually fluctuate lower and higher levels. If you wait, you might get an opportunity to sell at higher price but if you suffer from FOMO you will just end up selling in a loss.

It's next to imposible to overcome.

Everything looks easy during market phases where you are still somewhat in control, but as soon as you feel you are losing the control you had before, you'll dive into situation where you expose yourself to way more risk than what you are usually comfortable with. I still go through it after all the years, and I accept that it's part of being a human. We're not robots.

That unpredictability is what makes markets interesting enough for traders to bring in some liquidity, and that definitly applies to crypto. No way institutions aren't already involved to a lower degree. They love this shit, especially with how they are in a position to move crypto markets as well. The far majority of the trades happening nowadays reek of algorithmic intelligence instead of manual retail influences. There is too much respect for TA levels.

FOMO ( Fear of missing out) actually natural emotion just the same like greedy. I been loss alot of money cause this emotion, and now i keep learn to manage this emotion in crypto trading. I think not only me Loss alot of money cause FOMO, but there are many newbies also the same thing. And to make profit consistently from crypto we should avoid and manage this emotion, just enough loss once times and will make money later by keep learn to manage this emotional.

Sometimes FOMO can be a blessing but majority of the time, it could be a curse, the best strategy to FOMO is to quickly exit as soon as you make some profit, or to place a take profit order while a coin is moving when you are already in profit, else the result sometimes can be devastating, just like what ripples did last weekend, those that bought at 0.7$ will be crying to see a dump at 0.5

as the years go by, i just become more and more detached from my trades, which is great. i just look for my tried-and-true setups---it's pretty mechanical now, and that's on purpose. if a profitable setup isn't there, i don't take the trade. if it is, set stop loss and walk away. rinse, repeat.

having hard trading rules and sticking to them wasn't easy at first, but it gets easier over time. prior to trading, i played a lot of poker so i'm familiar with emotional "tilt" and the damage it can do to your bankroll. it's taken years of consciously striving to cut out emotion at the trading desk, and i still can't say i'm 100% free of fomo. every once in a while my bids get missed and i still chase, getting in some horrible r/r situation that usually ends badly. i don't think any trader is completely free of it.

Really grateful for the replies so far!  Keep them coming.  What about stories of you falling for fomo?  What about your success stories for resisting a fomo that Coin TANKED right after you decided not to buy?

For some clarity though, I want to share about mediation and how it helps fight FOMO. 
Meditation practice is something you work at, like trading, to attain different states of mind, and that requires work and practice.  The states of mind you experience are: Unsettled, Settled, Quiet, and Peaceful.

Unsettled is like your mind is doing whatever it wants, thinking, visualizing, spinning off unfocused.
Settled is like you've started watching a movie, or listening to some good music, it's just starting to slow, you'll get the occasional thought pop up(I gotta get gas in my car, I gotta do that thing later, etc.)
Quiet is like you're totally engaged in the movie and thoughts aren't interrupting you.
Peaceful is like you are totally in the zone while driving a long distance on a double highway, people pass you and you are unfazed, cruising at your speed.

When trading it'll do you no good to be unsettled, and unfocused, we can all agree on this!  Settled is better but you will be prone to distraction and your mind can control you, fomo can still happen.
Quiet is ideal, you are in control of your thoughts and they aren't spinning away with you.  Your focus on the trade is absolute and you can execute your trading plan without emotion creeping in as none of those imagination of lambo's or thoughts of utter ruin can mess with your plan. 

Peaceful, that's probably one you don't want to be in as you'd be totally detached from trading...as practicing peaceful mind requires contemplating non-permanence do become detached from everything.

Anyway, it's important to practice these in meditation so that you are familiar with the states of mind and how they feel, and can enter them when you begin your trading session.

That's just a bit of the meditation practice I mean!

Someone asked about the group of traders?  Well the bitcoin forums seem to be pretty good, but like a live chat is this discord group: https://discord.gg/xJmChfj

I used to be in a group of people that used to trade on the Cobinhood exchange strictly about the COB token and to see if we could see where it was headed for nice weekly swings, and we all made pretty good money that way (+3400% for myself!) but that exchange is brutally low volume now and terrible liquidity so we all just sort of drifted apart, but group support I found has been one of the most solid way to fight FOMO though, IMHO. 

I also fall on this trap because and lose a lot of money, that’s a costly mistake and I have to learn from that kind of experience. FOMO is not good in trading, its true that there will always a chance for everyone to ride on the next train, you just need to wait patiently and its worth the wait. Now that I’ve learned, I’m not trading anymore during the hype trend of any coin.

For now i follow what my friend said, it is better to late jump to the train than loss. Even i only see some people take profit in trading when pump comes, it is ok for me because sometime when i see market, it already pumped hard

FOMO is not a problem in crypto, considering the price always going up in the long term. The problem is with people having FUD and selling with loss.

The logical trading is putting money that you can lose and in the long term it will go up, if you need the money and cash out than there is a problem that you are going to deal with. If the money is not needed and you do not have to cash out in the end you always end up profiting.

There are really only a few people in crypto that lost money because they bought during December, everyone else in the world made a lot of profit but just because those who lost money we believe FUD more than FOMO.

I also learned the hard way.
Invested a lot in FOMO and lost some of my investment.
After I made a few mistakes, I've learned my lesson so I invest much smarter now.

Experience and obeying a solid strategy when tradeing anything has helped alot of people to get rid of the fomo and look at the trading opportunities through analytical view, rather than fomo-glasses.

Many people start their days meditating and clearing their mind before trading, which i'm sure is helpful.

Relaxing music calms people down and helps focusing.

FOMO happened because people greed and indeed this can be minimize if we have more to control ourself but difficult to avoid it sometimes and i'm sure most of us has been victim from the FOMO itself however regarding your method to avoid FOMO is unique that from meditation it can makes our body relax and think well not use our emotions

FOMO is one of the hardest thing to fight with specially when you are doing your trades and seeing a greener market makes your inner voice to buy those altcoin and join the waves. Unfortunately, most of my decisions lead me to failures and ended up loosing my funds in an instant. I already lost numerous times and my losses are bigger than my earnings. I already learned from those mistakes and only enters the market when it is in blood bath. Practicing your patience and observation really helps to fight FOMOs.

I've learned over time not to give in to emotions, sometimes you learn how to do this the hard way, sometimes you just need to stay focus and act rationally even if it means missing out a great opportunity. Fortunately, this market is always testing your emotions so you can "practice" not letting your emotions dictate what you do in this market. For intance, XRP recently went up like crazy, a few years ago I would've FOMO bought during the uptrend, this time I made a rational decision of not buying during the spike and just wait until it cools down. Looks like I made a good choice given how the price has started to go down.

Experience will teach you not to let yout emotiones takeover your rational thinking, as times goes by you'll also learn to spot obvious pump and dumps which are the ones that get pumped all the time in order to attract to newcomers into FOMO buying.

I completely got rid of fomo by simply dollar cost averaging my entry points. If the price happens to go up, I'm automatically in the winning position. It's a simple yet very effective way to prepare for what has to come.

People getting triggered by fomo haven't bought in, and for that reason will always be subject to that specific aspect of the market. There is nothing that you can do against it other than making sure you're in before a rally starts.

If you think a certain coin has the potential to grow out to become a fundamental pillar of the crypto industry, keep buying whenever you have free to invest capital. That's what Warren Buffett does as well.

At the beginning of my trader's way, I came across this obscure sensation. Later I learned that this feeling has a name - FOMO. The bottom line is that the fear of missing out makes people to make decisions based not on real, but on imaginary experience. Later, I made some conclusions for myself, which helped me get rid of FOMO.
1. It is necessary to recognize the fact that it is impossible to have all the coins, which in the future will bring mega profit. Realize that in reality we always miss something.
2. Try to let go of the situation: maybe all and the truth could be different, but I made my choice because its arranged me and this is comfortable. The surest way to be pleased with your life is to choose among the million possibilities of this world what pleases and pleases me.

I don't think meditation will help you from FOMO, to help you from FOMO, you need to have self control and always check the news before doing any action, with knowledge and good source of information, people won't be trap by FOMO, and having an experience will help you to stay calm

Learn it the hardway

Have bitten by the FOMO so many times

Hurts a lot dude, next trade will be more cautious

If I'd missed the bus, its fine, another train will pass

Don't think that its already a profits end, there will always be another ride

A fractal ride

Everyone of us has an own ideas and strategy how to fight their greed control theirself
And people herein crypto trading they know the right ti them how to earn profits by own knowledge
Specially the veterans un this world they know how to control themself to avoid losing
So ne need to discuss about the capability of people skill herein thrading

We must fight for it, and we should not live with those kind of emotion in this market. Everyone feels like FOMO every time good coins pump, and we decide if we will buy or not, personally I stay away on the market every time good coins pump because I don’t want to feel like FOMO, I’m focus on my goal and that is for my long term goal.

I've had this more times than I can count, luckily for me usually when I go to purchase a cryptocurrency the value will start to drop as I'm in the purchase process, meaning I usually chicken out before I actually end up buying in. Of course, moments later after I just chickened out the price begins to rise and the FOMO begins again. This cycle usually repeats a few times and I never end up buying in. So here's my advice, don't buy in if you think it's FOMO, simple as that.

For me I think back to one simple thing and it's not to punish myself for missing out on such investment opportunities. I ask myself 'If I had of known that this coin would pump x% would I have bought it' and of course the answer is yes. I then remind myself with this that clearly then I did not know what would happen and I cannot be frustrated in myself for not having perfect foresight.

Meditation can help you calm yourself in general, but when you are trading at your computer it is of little help. Because it is hard to trade efficiently and maintain a meditative state of mind.


I just think of a good tennis player. After the point is over, a good tennis player is immediately focused on the next point. They forget what was a point ago, and what may come two points in the future. They are focused on the present.

I try to be like that. Not to think about past mistakes or lost trading opportunities. Just focused on the next move. If I miss it fine. If I get it right fine. Keep going.

Always think about your plan or vision you want to happen everytime you think of this sudden decisions. Always think if this scenario will be either good for you or will it destroy what you are hoping to achieve. I always do this when there is a certain hype or even a panic selling is happening as I know being carried by the wrong people will be bad for me in the long run and will most likely take a hit big with my capital. I think this strategy will work for almost everyone including the weak people.

What is that group of traders that you're talking about? Did you guys trade individually or like a group, tell me more about it.

Wow meditation.
I dont really understand much of that kind of peaceful sitting and just thinking about nothing.

Okay. So I do believe I have controlled it already.
I have a different kind of way to think by now. I learned to go against the flow of everyone.
I am not saying I am a pessismist but this is the crypto world. In its market there is no accuracy to every speculation theh say.

So, I better get my own ideas and more often I argue with another predictiom which for me is healthy.

Human nature is full of greed, and FOMO.  Not just in trading but in life as well.  And once you recognize it for your trading, you can recognize it in your day to day life as well, and fighting it can help you deal with every day situations with more rationality and logic.

What sort of psychological tricks do you use on yourself to combat your own FOMO?  Do you still get your own FOMO hitting you when you see a coin blowing up all over the place?

Myself, I practice JiuJitsu as well have learned good meditation from a solid instructor, but the most help I have is from support from fellow traders in a good community.  Hahaha like a support group!