Don't be fooled by FOMO 😢
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Absolutely all crypto players are familiar with this feeling. FOMO, Fear Of Missing Out, is the fear of missing something, the syndrome of missed profits.
↪️ This syndrome is exacerbated in traders when they see someone in another chat room "congratulating them on profits" on some trade that they missed. Scam channels often manipulate naive hamsters who catch FOMO - just write that "whales are buying X coin, soon it will be bought up, only Y tokens left"🤦.
❗️Not many people understand that when FOMO appears, you just need to put away your phone or laptop and forget about crypto for at least a couple of hours.
Moreover, you can't buy a coin that has already flown into space - since you couldn't buy the bottom and get on board before it takes off, you shouldn't go there either.
➡️ How do you combat the fear of missing out on a profit?
All it takes is this:
• Don't succumb to everyone's panic or joy.
• Set clear, reasonable goals: how long I will keep this asset, when I will sell it, etc.
• Stick to my own strategy whatever the outcome.
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