Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.
Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.
It's true that everyone involved in crypto trading at first is often trapped in a FOMO state, that is, they follow the ongoing hype. And there is a feeling of fear of being left behind, the price will rise high if you don't rush in. Yes, this is clearly a behavior that we usually encounter among beginners. But even experienced traders sometimes follow the hype to make quick profits. It's just that they don't enter with a feeling of FOMO. But they entered with a mature strategy that they had prepared to face the hype market situation. They usually come in even before the news becomes loud. And they came out when the hype was at its peak.
Every beginner has faced a FOMO situation. And they have to learn from this experience so they don't fall into FOMO again.