As you can see FOMO traders prefer to pursue the crowd rarther than sitting down and doing their own personal analysis of how far the coin can go.
Cant blame up everyone on having that FOMO situation.Why? we are just humans and when emotions do sets in then it can hardly be stopped.
You have mentioned all of those points above but actually finding it initially or earlier phase is hard because you wouldnt know if that one is
just a fake out or just literally a bull run and of course, as an investor you would surely think that if you do miss out the train, you cant have the
same opportunity once again.
That is why you dont want to put in your emotions while trading because you will really make a wrong decison and jump in on a moving train which is not the best thing to do at all