Quote from: lalabotax on September 26, 2023, 09:35:37 PM

Indeed, FOMO is something that can really trigger someone, especially newbies, to do things in a hurry, even because they are so afraid of being late, they don't even study in advance what they are going to do. So, maybe not all, but many follow it blindly, without any knowledge or preparation. So the results will actually be dangerous for yourself. Like when investing too, when they are FOO on the hype of a project that they don't even understand, they just follow along, then they probably won't know how the project will continue, how to take profits and so on. As a result, the danger of this FOMO will actually create they more easily experience major losses. This will definitely happen without good knowledge and preparation.

so sage words buddy, your are right because any action which is taken in hurry can be a wrong choice thats why i also i mentioned in my top post. Newbies should avoid taking action in hurry or being emotional because they need to work on their knowledge and be ready to enter in the market to understand the market sentiments. In this way, first they will have some good knowledge on which they can be able to take some good decision to overcome their major losses as well.

and second thing i don't think so anyone should be rigid on anyone opinion like i mean to say there are many people who are trying to spread signal kinda knowledge related to market sentiments. i would say newbies should not always be rigid on that kind of opinion instead they should work on their DYOR right? like sometime they follow these kind of personalities blindly and have to face many losses due to the rigidity on other opinions they follow.