Im doing day trading in a big and very popular exchange. when im starting to trade in the particular token. the green candles is going crazy filling up and because i was not ready at that time i feel the FOMO thats why i buy too until my internet connection has a problem thats why its lagging. for a minute when i refresh it. the price was dump already and followed by red candlestick i was left a bag holder. since i have no choice i have to sell it at losing price. ive learned that FOMO was not good at all times. What are causes of this??
Fomo is actually bad. Good traders or investors don't do that because they know how to control their emotions. When I started out newly as a trader, I chased green candles in ripples, Xrp thinking it will head to 10usd but I ended up buying the top at 3$
It's not so bad at all and OP has already explained the situation that he has faced it. It's not about how to control the emotion and OP has said that he was thinking that he can take the opportunity of the maximum price from the greencandle and that's why he was not expecting a big drop will have happened instantly. Buying when it gets a pump is the worst decision to be taken in any crypto trade.