Trading Psychology ‒ "FOMO vs FUD"

FOMO = Fear of Missing Out, FUD = Fear, Uncertainty, and Doubt.

Emotion-driven impulsive trades ‒ trades made without doing homework. First look at the data (trading volume, on-chain flow) before deciding; give yourself a 15-minute cooling-off period ‒ most impulses will automatically disappear.

Think clearly about how long you are willing to hold and how much loss you can bear. Are you making money based on emotions or logic?