FOMO, which stands for Fear of Missing Out, is a very common and at the same time destructive feeling that can ruin not only your trades and investments, but also your whole life! It’s interesting to know that FOMO is not just limited to beginners. Experienced investors can also suffer from FOMO. Have you ever experienced FOMO? How did you handle it?
Do you always feel nervous and assume you’re missing out on a big opportunity?
Do you rush into different investments and then regret them?
Do you check the prices every five minutes and think you’re the unluckiest person on Earth?
If yes, you’ve got obsessed with FOMO and this post is for you.
FOMO stands for Fear of Missing Out and it’s the result of comparing yourself with others.
People with FOMO assume that everyone is making a profit and they are missing out.
Without exaggeration, this is the most destructive feeling an investor/trader may have.
So, how to avoid FOMO? Here are some tips!
Tip 1: Remember that another opportunity always exists.
Tip 2: If the market is bullish or bearish, it’s for everyone and not just you.
Tip 3: Always invest an amount you are able to lose. Don’t risk your whole life!
Tip 4: Removing emotions from the investments/trades is the key to success.
Tip 5: Don’t forget your past experiences and learn from them.
Do you have any other tips in mind to add to this list? Share with us.
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