FOMO?
Intro:
FOMO – the Fear of Missing Out – is a silent killer for new traders. You see the market pumping, green candles everywhere, and the urge to “buy before it’s too late” hits hard. But rushing in during the hype often leads to regret. Here’s how to stay calm, manage risk, and protect your capital when the market goes wild.
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1. Understand FOMO
FOMO is your brain reacting to what it sees, not what it knows. You feel like you’re missing a big opportunity, but often, the big move already happened. Smart traders wait, not chase.
Tip: Before you act, pause and ask: Am I trading based on a plan or based on emotion?
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2. Zoom Out
In a pump, the 5-min chart looks like a rocket. But zoom out to 1H or 4H and you may see price nearing resistance or forming a double top.
Tip: Always check larger timeframes to see the real picture. Don’t get tricked by short-term hype.
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3. Avoid Buying Tops:
When a coin is already up 30–50%, the risk is much higher. If you didn’t catch the move early, chasing can leave you trapped.
Tip: Wait for pullbacks or support levels before considering an entry. Use limit orders, not market orders.
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4. Use Stop-Loss:
No matter how good a setup looks, always use a stop-loss. Pumps can turn into dumps within minutes.
Tip: Place stop-losses below recent support zones. Never trade without a pre-decided exit.
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5. Stick to the 1–2% Risk Rul
Never risk more than 1–2% of your portfolio on a single trade. This keeps you in the game even if things go south.
Tip: Calculate position sizes based on risk, not greed. Small consistent wins are better than big losses.
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6. Have a Trading Plan –
Define your entry, exit, and risk before you place a trade. Market pumps create chaos; a plan keeps you focused.
Tip: Write down your strategy and review it after every trade to improve.
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7. Accept Missing Out as Normal
You won’t catch every pump. And that’s okay. The market will always give more chances.
Tip: Celebrate smart decisions, not just profitable ones. Missing a risky trade is also a win.
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Final Thoughts:
The goal isn’t to catch every pump — it’s to trade with discipline and grow steadily. FOMO fades when you trust your process and respect the market. Let others chase candles — you stay sharp, stay safe.
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