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.
You need to control and discipline yourself because if you can't, then you'll get used to it. Experiencing to lose your money due to wrong decision can also serve as an eye opener to you. It is also one of the reason to be careful not to repeat the same mistakes again. Therefore you'll avoid doing things that led to losing your money just like what happened before.
Anyway, it's normal to be influence of FOMO especially the newbies in trading. But if you have plan and don't want to lose your funds, this can't affect your decision since you're careful and aware of the risk.
I've also had trouble following FOMO in the past. I am very slow in understanding things, in fact, I have to lose quite a lot until I can finally overcome the problems within myself.
I don't know the reason why I tend to get caught in mistakes that I have actually experienced. I have tried to be careful and tried to be consistent with planning, but to be honest, it all requires a process that is not instant.
it all depends on how they can control themselves.