Hi Guys,
For active traders who are monitoring the charts daily for long hours, I am curious to know what you do when you see a coin rising swiftly. Do you jump on the wagon immediately, wait for a pullback or just watch it go and crash and be happy you didn't get lured into it?
Thats the worst way to go around the coin like that. This investment is also called as FOMO investment where you are actually waiting for the coin to rise from its bottom rates. When you see the prices rising then you will jump into it and thats the actual part where you are having fear of missing out and hence called as FOMO. If you really want to profit yourself then the most right to buy is when it is sitting at the bottom rates. Without these rates you cant make lot of profits. If you do FOMO then you have higher chances of loosing money or gaining less money.