$BTC Life Lesson. 🧐

🤔 What is FOMO?

FOMO (Fear of Missing Out) is an emotional state of lost opportunity when people fear missing a profitable moment and make quick buying decisions despite risks and potential losses.

▪️ FOMO occurs when someone sees crypto prices surging and they haven't opened a position yet. This feeling can push towards risky actions because of the fear of missing profits if not acting fast.

▪️ FOMO can also lead to complete deposit loss 📉

✅ To avoid making reckless decisions:

• Stay calm and composed

• Follow your trading strategy

• Use proper risk management for all trades

Remember: The market will always give new opportunities. Don't let emotions destroy your capital.