In trading, FOMO (fear of missing out) is a silent portfolio killer. It creeps in when a coin pumps hard or dumps fast, whispering, āYouāre missing the moveāget in now.ā The result? Chasing late entries, ignoring risk, and trading emotionally instead of logically. Why FOMO Happens At its core, FOMO is psychological. Itās driven by regret aversion, social comparison, and herd behavior. Seeing others profit creates urgency, even if the trade setup is weak or already played out. --- How to Control FOMO š§ 1. Stick to a Trading Plan Have clear rules for when you enter, exit, and cut losses. If a trade doesnāt fit the planāskip it. Discipline beats emotion. ā° 2. Use Alerts, Not Eyes Set price alerts at key support/resistance levels. Donāt stare at charts all day. Let the trade come to you. š 3. Zoom Out Check higher timeframes. Many impulsive trades look less attractive when viewed on the daily or weekly chart. šµ 4. Limit Social Media Exposure Social media thrive on hype. Mute noise when the market gets irrational. š§ 5. Build Emotional Awareness Recognize when youāre trading from fear, not logic. Use journaling or take short breaks to reset. š§ 6. Focus on Process, Not Profits Chasing every move leads to burnout. Instead, aim to make good tradesānot every trade. --- Final Thought FOMO convinces you that this one trade will change everything. But trading isnāt about catching every pump or dumpāitās about consistency, discipline, and risk control. The trade you donāt take might just save your account.