#TradingPsychology Fear of missing out (FOMO) drives traders to chase hype—think crypto pumps or Tesla spikes. It’s rooted in social proof, where seeing others profit triggers irrational action. A 2019 study found FOMO-led trades often underperform by 15% compared to planned entries. The antidote? A solid plan and patience. Traders who wait for confirmation signals, not headlines, dodge this trap. FOMO feels urgent, but markets don’t reward rashness.