How to manage your FOMO (Fear of Missing Out)

[Beast921 952]

Yeah you are right.Due to this fear lot of people lose their money.I think we should focus on the chart and analyze it rather than looking towards the price.Because chart can give you better assumption of the price.

[Whited35 15285]

FOMO or Fear of Missing Out is the most common thing in the case of cryptocurrency tradings. Most of the traders might have this sort of fears. To overcome FOMO, I think we should have to be ready to face every upcoming situations. 

[Zaino34 0]

The fact of my friend for the success of the work, we must put our feelings aside, especially as we know that the price of digital currencies is in stable fluctuation. When we see the price, we should also expect that its price will rise again and we should not panic because of that

[Gaurav kumar 972]

Yeah this is a very common fear among all the members and traders whoever are involved in trading and crypto business. But a good business man or trader is one who can have the patience and guts to risk to gain up. Always think positive about the market.

[Mcd0d0 5882]

On 4/27/2020 at 8:23 PM, juma1 said:

Ensure that your own willingness and commitment is true because with this be sure that you will truely make a difference that is really huge without any challenges at all this is for sure true 

This is true mate, if you are just following some predictions here in cryptocurrency, kindly put some trust on it because there is no lose from it, predictions is legit by 70% because this is given by the analyst from cryptocurrency.

[jamesvince 2389]

FOMO are much dangerous for each investors or traders. Because fomo means fear of missing opportunities. We need if we sold out our holding then don't checked prices of that coins or tokens because believe your self and done your homework for next opportunity. And don't invest again on any crypto currency which you sold out in loss or less profit. 

[Zues 1069]

On 3/29/2020 at 10:46 PM, Monz said:

Correct one should always hold and not panic during the low and should sell once the market gets high but remember selling at a loss is always a bad decision.

I think that if you want to face your fear of missing out the important thing is to have patience always because It will help you to hold and you can control your money more because you will have enough self disciplene and not gonna spend your money already. 

[Ch Ayyan 9781]

You are absolutely  right.   Number  of traders  make rong decision  due to this fear.  They should  have enough  patience  to control  this fear. Also connection  to community  and awareness  of the  situation  can also manage  this problem. 

[Rahul11 292]

On 2/14/2020 at 8:54 PM, NIVLEM said:

When you staring at a coins chart watching your coins in lowering in price, the tendency is to make panic and sell the coins. Its a common fear that causes a lot of bad decision in trading.

FOMO has a great impact on the crypto market. It has the ability to make any people rich to poor even poor to rich. It's a highly risky moment. In that time many people got panicked. We can reduce it with well knowledge of crypto.

[Raqeebzy 6456]

On 2/14/2020 at 3:54 PM, NIVLEM said:

When you staring at a coins chart watching your coins in lowering in price, the tendency is to make panic and sell the coins. Its a common fear that causes a lot of bad decision in trading.

It depends, sometimes it is necessary to FOMO when you look at what the direction of the market is going like. But I agree with you, most of the time, it is used in the bad way by traders ans investors. 

[issa123h 0]

You cannot depent on this because 

In coin markets the prices getting change some times every hour not every day so you can expect any thing

[Saboor 511]

If you want to have confidence in your trading, you need to take away your fears and be ready to conquer that FOMO, so that you will be able to judge the market so that it will be beneficial to you.

[Mcd0d0 5882]

On 4/29/2020 at 11:33 AM, Zues said:

the important thing is to have patience

Well, this is true mate because when they are seeing the price of their investing coin, they will be panicked because they are losing a huge amount of profit which is not good, patience is the key to success here.

[Wilmer Garcia 0]

You're right most people are terrified when we see that our currency is down but I think we should know how to control these emotions I think it's a very important thing to get to success along with patience

[Bruno52 1141]

I agree with you and that is why I think everyone should trade only when prices are changing so as to wait for the perfect opportunity when the coin has reached its peak so as to make a profit.

[ETheHedgehog 3104]

that's why i generally only invest in big coins that will have a long term rise in value for sure like Ethereum or Bitcoin

[Jimmy26 987]

Mainly the new bugineers are getting fear whenever they are entering into the trading world because they are not having experience and crypto world every time the situations can go opposite to their prediction that time if someone have efficiency to handle the situation then only their investment will be safe otherwise they will sell the investment with losses.

[lharost 1526]

Experience can help to prevent that, that is called trading based on your emotions and you can not be successful by that way of trading because emotions always ruin every trader, even if you are a very well trader with a good amount of knowledge on trading and know technical analysis and how to use indicators in the best way but you are not good at controlling your emotion while trading you won't get a good result from trading because your emotions always get in the way of taking the best action.

Edited May 15, 2020 by lharost

[Thekingcallme 1975]

The trader must make an attempt to get rid of FOMO because it will cause you to miss the most important opportunities for profit

[Captain Karim 0]

The value of a cryptocurrency may decrease for a while and the rise may resume after that. This matter is related to several factors, including supply and demand and changes in the project of the owner of the digital currency. Sell this coin.
As for you, I advise you to follow the news of the company with the cryptocurrency that you invest in so that you can decide the appropriate decision.

[marchal87 2343]

The process of trading needs an important factor and it is one of the success factors, which is patience. Currency trading is not an ordinary matter but needs experience that controlling your nerves plays a fundamental role in completing the trading process when you start with anxiety or fear. I know that you will not complete the trading process and this will lead you to  Loss, but you can see the direction of the market. If you find something important affecting the currency, convert it to dollars or rubles.

[DreamStage 2105]

It happened to me alot of times and that's why i have learned from experience that you shouldn't panic attacking at those precise moments when you need the most.

 

You need to be practical and think if there is a possibility of that coin to come back again just like btc during crysis vs good news.

[Alimhana930 1605]

By adopting a clear trading strategy, adhering to it and committing to capital management, a little profit is better than a big loss In addition to sticking to the stop loss price and trying to reduce the use of margin or leverages.

[gourav789 2834]

i think newbies suffered from this kind of fear , Becuase they didn't have good experience to take proper design . 

I think we should get rid from this fear when we have good experience in predicting price .

[Moaz 7239]

I totally agree with you, that not controlling your emotions while trading in cryptocurrencies and fear of loss when the prices of these currencies are low and the crypto market movement is down are one of the most important reasons for your failure to trade and lead to making hasty and bad decisions