Fear Of Missing Out (FOMO) is one of the biggest emotional traps in trading and investing. It's that gut-wrenching feeling when you see a stock, crypto, or any asset skyrocketing - and you rush in just to watch it crash.
Why FOMO Destroys Traders
1. Late Entries - Buying at the top because "this time is different."
2. Impulsive Decisions - No strategy, just panic buying.
3. Overtrading - Chasing every pump, draining your account.
4. Emotional Burnout - Stress, regret, and revenge trading follow.
How to Beat FOMO
- Stick to Your Plan - If you missed the move, wait for the next setup.
- Avoid Herd Mentality - Just because everyone's buying doesn't mean you should.
- Set Rules - Define entry/exit points before emotions take over.
- Accept Missing Out - There will always be another opportunity.
The market doesn't reward FOMO - it punishes it. Stay disciplined, trade smart, and don't let emotions wreck your portfolio.
