Topic: FOMO is not good at all times! (Read 828 times)
I tried being FOMO by such project and really not felt good at all because i ended losses after all. It was a mistake in a lifetime that i wanted to correct in my next trading experiences that never be greedy and always contented what you gain for today.
Fomo is the fastest way for you to lose. I never fomo in this market, I tried to buy altcoin and BTC when its price went down, when its price increased by 5-10% I never bought it and just waited.
In my opinion, FOMO is not harmful for us traders whether you invest on a very high or very low price because the outcome of your investment will all depends on how will you sell it. So if you think that FOMO is the reason why you are losing money right now then think again because the real reason behind it is your lack of patience. The question here is why did you sell your holdings despite that you bought it from a higher price? We have a "Buy low, Sell high" Rule, right? Did you panic, drive by your emotions? Well, whatever reason you get it is very clear that your wrong strategy lead you in this situation.
Anyway, aside from it, the other thing you should blame here is your internet provider because if you haven't experienced a loss of connection then I guess this won't happen
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Fomo is a problem for those people on the market who are themselves FOMO. those traders or holders who know how to use FOMO - earn money on the movement that is created by the crowd Anyway, aside from it, the other thing you should blame here is your internet provider because if you haven't experienced a loss of connection then I guess this won't happen
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FOMO is and will always be a killer to traders or even investors. What I've learnt from veteran traders is define your trades follow it strictly leave out the noise of green candles on other trades.
Yes, FOMO is a huge problem for me when I doing day trading. Sometimes I cannot resist to sell my assets when its price goes up. I have read https://blog.thepeak.world/5-tips-to-avoid-failure-in-cryptocurrency-trading/ and it helped me a lot to fight FOMO.
That's better rather than sell your assets when the price gets plunged to the bottom. Sometimes FOMO can be considered as a real FOMO when there will be a massive buy in the market but FOMO can turn to the bulltrap and this is what makes everyone feel worried with FOMO. 
And who is following FOMO strategy now in a bear market? 
The pure FOMO is an altcoin season, when people are byuing everything no matter the real value.
The pure FOMO is an altcoin season, when people are byuing everything no matter the real value.
Greedy and patience is like gold,even you are pro trader but still greedy and doesnt have patience it will kill you slowly. Internet connection is big issue also, sometimes we find good exchange with so many trader,if we talk about token or altcoin who's make FOMO that mean so many trader also into it so website crash or who's not have good internet connection will get bad interupt. Dont enter market if cant control your emotion. You should enter with good position and moment.
This is mostly drive by the desire to make money. FOMO has really dealt with a lot of persons. Keeping your cool and controlling your investment can help one out of FOMO. Trade carfully.
ive learned that FOMO was not good at all times.
in my opinion FOMO is never good. as soon as you feel stressed and make hasty
decisions you make mistakes. and feelings are when it comes to business actually
only to the detriment. so FOMO is as good as it can be to avoid in my opinion
FOMO is not good, controlling himself and being calm can avoid the FOMO. Although not completely avoidable, at least your mind is more calm and able to make the right decisions at such times. And do not blame the internet connection and whatever when you experience a loss when trading, think that you are just unlucky at the time and you are able to return it back. Blaming something for losses only makes us continue to regret it, please avoid this attitude.
Well it's a little difficult when in a situation like that, where someone has been patient waiting a long time and because of something they lose the moment. At that time FOMO will haunt our minds, I think there must be emotional education about trade. I saw several youtube channels that gave tips on trading, they were able to maintain the situation when they lost their moments and were patient again so they were very confident, this is a professional trader.
You got it wrong, I think the topic should be "FOMO is bad at all times because to be honest, I have never seen a situation where FOMO is good, FOMO is all about greed and this does not give you the time to do a thorough research about a project before you purchase and most times, you end up purchasing when it is very expensive.
That is the behavior of FOMO who will not research the project and will only buy when the price is high, if the behavior is done then it will forever be a FOMO and forever will lose. So, don't get used to it and always do research first to buy, because buying when high prices will be very risky and basically we have to be patient to buy and sell because there will be a right time to do it.Well it's a little difficult when in a situation like that, where someone has been patient waiting a long time and because of something they lose the moment. At that time FOMO will haunt our minds, I think there must be emotional education about trade. I saw several youtube channels that gave tips on trading, they were able to maintain the situation when they lost their moments and were patient again so they were very confident, this is a professional trader.
In my opinion, FOMO is not harmful for us traders whether you invest on a very high or very low price because the outcome of your investment will all depends on how will you sell it. So if you think that FOMO is the reason why you are losing money right now then think again because the real reason behind it is your lack of patience. The question here is why did you sell your holdings despite that you bought it from a higher price? We have a "Buy low, Sell high" Rule, right? Did you panic, drive by your emotions? Well, whatever reason you get it is very clear that your wrong strategy lead you in this situation.
Anyway, aside from it, the other thing you should blame here is your internet provider because if you haven't experienced a loss of connection then I guess this won't happen.
Anyway, aside from it, the other thing you should blame here is your internet provider because if you haven't experienced a loss of connection then I guess this won't happen
. 
Fomo is never good nor offers anything other than the person turning to a bag holder. The first thing to learn about trading is always to be contented with any profit made while overlooking the anticipated profits thereafter. It might looks silly but that's the best way to curtail loss.
When the price has risen more than 2x the previous price, we better start being careful. Experienced traders can certainly take from a lumped price up to many times, but new traders will definitely suffer losses when buying at a time when prices start high
Yes, FOMO is a huge problem for me when I doing day trading. Sometimes I cannot resist to sell my assets when its price goes up. I have read https://blog.thepeak.world/5-tips-to-avoid-failure-in-cryptocurrency-trading/ and it helped me a lot to fight FOMO.
FOMO is absolutely one of the worst reasons to enter a position. It is inherently motivated by Fear which puts trader-a-la-extraordinaire on the losing side to begin with.
Often too see people being an FOMO but indeed everything will be so hard if we trapped on that positions and i says this because me too several times was being FOMO with eventually i have to sold my coins to avoid deep lost but actually what tokens do you have because if your tokens have potential to grow might be do not rush to sell and hold much longer until wait the price bounce back can save your money
Fomo is never good nor offers anything other than the person turning to a bag holder. The first thing to learn about trading is always to be contented with any profit made while overlooking the anticipated profits thereafter. It might looks silly but that's the best way to curtail loss.
In businesses like this trading, gambling and the rest, everyone cannot be a winner, someone must loose for someone to win. No matter what you preach about fomo, it is bound to always happen, because this is one of the factors that makes that profit gainer to be able to make profit. As fomo is bad to you, so it becomes profitable to some people, the people it becomes profitable to are those who does not fomo and those who are able to buy at dip.
Imagine when people bought bitcoin at $5k sometime before the last bull run, and whales pumped the market to surge a little bit, without fomo, those who made profits from that $5 to $5k would not have gained, and maybe by now, we would not have even had record of that $19800, it was out of fomo that the price pumped, so it is left for a particular trader to trade wisely and choose where he or she will faller. Is it the winning side or the losing side?
Fomo is never good nor offers anything other than the person turning to a bag holder. The first thing to learn about trading is always to be contented with any profit made while overlooking the anticipated profits thereafter. It might looks silly but that's the best way to curtail loss.
Maybe whales did spread FOMO to people from telegram channel like crypto trading prediction. Their admin just posted to buy 'a' coin but they already sold their token, its mean the subscriber just buy their token. Its trap, be carefull if you read prediction price.
Many people are gambling in a time of FOMO. They see only green numbers, so they start with longs, after that they come to the leverage trading and first correction will destroy the trading account.
Fomo i s real and if you must be a day trader then you have to know the TA and always learn to use stop loss limit in other to catch the fish on time rather than having a lost bird .
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