Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.
definitely, so don't be emotional when you trade and always control your emotions because that's how every good traders can prevent making mistakes, especially when there's an event which can really shake the market, so bear in mind to don't ride the fomo and always think twice before making decisions.
It is relatively easy to avoid FOMO if you take some time and do research whether what's been said about a particular project is right or not. There was so much FOMO about Shiba Inu and out of nowhere, everyone was talking about it. I felt so excited and feared that I might be missing out on a potentially profitable coin but once I visited their website, no mention of their team, no ready to use product, and telegram group filled with people talking moon but without logic, I quickly realized that this is just hype created by supporters and admins.
It is actually hard to avoid being thrown away by FUD though because positive news can be avoided but when you hold a coin and negative vibes are coming about it from the social media and blogs, it is hard to contain yourself and hold.