🔥 FOMO: friend or foe of the trader?
FOMO (Fear of Missing Out) — the fear of missing out on profits.
Every trader has faced this: the market is rising, everyone is buying, and your hand instinctively reaches to click "Buy"...
But there's a nuance 👇
🚩 Entering at the peak often leads to losses.
🚩 Emotions interfere with following the strategy.
🚩 FOMO is the main ally of those who "dump" novices.
💡 How to turn FOMO into an ally?
1. Plan trades in advance, not based on emotions.
2. Set targets and stop-losses to control risk.
3. Don't chase the crowd — look for entry points before the pump, not after.
⚡️ FOMO can be used correctly: as a signal that the market is "heated" and it's time to prepare for a correction.
When was the last time you caught yourself experiencing FOMO? 👀
