FAMILY here comes the second
2. Common psychological traps:
FOMO, loss aversion, cognitive dissonance
🔍 Deep Dive:
FOMO (fear of missing out): Driven by social media and the desire to belong; leads to buying assets without rational analysis.
Loss aversion: We suffer more from losing than we enjoy winning. This can lead us to sell in panic or not rationally accept losses.
Cognitive dissonance: Arises when reality contradicts our beliefs. For example, holding onto an asset that is declining because we can't accept that we were wrong.
blessings and successes
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