FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.
Emotional control is indeed one of the success factors when trading. Therefore, it is necessary to train our emotions when trading. Train your emotions by using a demo account first, because if you experience a loss, it is only a virtual loss and has no impact on you. However, when you have started to enter real trades it will be quite different, where if you lose or lose some it will greatly affect your emotions. Certainly, most of the thoughts are about how to recover that lost capital when we experience it. If you use these emotions while trading is in progress, it will blind you to a more serious risk if you carry on with the irregular emotions caused by your own losses.
Stop for a moment looking at and thinking about your lost funds, first calm your mind. Because if you use angry emotions when trading it is not a good thing to do. It will be very difficult for us to think of strategies and solutions to make more profits. Take a break first when you are not in your prime condition, such as illness or a problem. Stop staring at your monitor screen first, do what makes your emotions better. Don't get burdened by the thought of wanting to return the loss first. However, keep trying to be calm in all existing conditions. You can think in advance the best way or way to solve it when you are relaxed. Patience is necessary, emotional control will be needed when trading.