How to manage your FOMO (Fear of Missing Out) - Page 8 - For Beginners - CryptoTalk.Org Jump to content
NIVLEM

How to manage your FOMO (Fear of Missing Out)

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there are quite a few web sites that designate the way to reveal the inventory alternate and forecast costs and how to avoid the loss problems that many human beings are scared of. you can do the essential training. you have to believe your competencies and realize that trade can be worthwhile or losing, so do not make this fear you.

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Always stay focused and note the value along with market situation. If situation is bad along with coin value then you are safe to sell it. 

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Here are a plight of websites that elucidate how to scrutinize the domestic animals discussion and forecast prices and how to get around the death tribulations that several associates are anxious of. You be able to get something done the needed training. You necessity believe your capabilities and tell that trade container be profitable or losing, subsequently figure out not put up this disquiet you.

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I agree with you friend whenever we see that our currency goes down is like we go into a panic and the first thing we do is sell but sometimes panic or fear is good because it teaches you several things that without fear you would not learn and that is when then fear has passed, we always devise plans for when the same thing happens with the coins.

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You should know that the cryptocurrency market is always active and you will have the opportunity to buy the coin you want. In such cases, it is better to always follow your method and strategy, and if your strategy has not yet given a buy signal, do not enter the market.

 

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To manage the fear of losing or Fomo, we must remain calm in all current market situations. The market is always in motion. Fluctuations, if you continue to look at the trading chart then the fear will continue, to manage it don't look at the charts too often, if the market is bearish it's better not to trade. If the market is bullish you can make day trades.

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If you see the currency in which you are investing decreases, then you should not sell it immediately, because you will contribute to the increase in its decline due to the increase in its offer for sale in the market ... stick to it if you have made the decision to invest in it, you have put the possibility of loss, do not be afraid and continue to stick to it

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As a trader, you must have excessive fear of FOMO, it's only natural and all traders have this feeling, but we can manage FOMO so as not to interfere with our trading. Stay calm when you are in the market and think positive, when the market is bad we better stop trading, because it will cause losses.

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Panic selling always happen to every beginners in this crypto world, when they see that the bitcoin is started falling down, they already feel some fear that it could go to zero and they would earn no money for that but the true believer of a bitcoin will never think that way. They will still keep on holding it and wait for it to recover.

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I always talk about this aspect that I suffered for a long time, mind control is the most important factor when we are working with money and if we cannot control it we can lose a lot of money. The truth is that it is very complicated, I have been working on this aspect for a while and I still cannot control it perfectly, the good thing is that I feel more secure and little by little I am improving.

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We can manage of FOMO by taking following steps

Avoid over-using social media. 

Don't be so hard in yourself for staying.

Realize that you might not actually be missing out.

 

 

 

 

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5 Tips on How to Deal with FOMO

Accept that things are happening without you, and that's okay. Remember to take a step back and realize that you can't possibly partake in every single event. ... 

Do what you want to do. It's easy to get lost in college. ... 

Be present. ... 

Use FOMO to push yourself. ... 

Know that it might not go away.

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Truly many  of members confronting this issue and they become frenzy and they sell it. In reality first we need to see our market cap circumstance. On the off chance that circumstance is terrible and coin cost going down, at that point I propose sell the coin however circumstance is acceptable and coin cost going down then don't be frenzy and stand by some since coin value again will go high.

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Fear is the hinderance in the way of success and risk many times pass out and man got succeeded. The people which are trading they have some basic knowledge about it and few of them unable to control their emotions and when the market going to down they get fear and take a wrong decision which can become their financial loss. So, control on emotions can make the traders to gain good profit.

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I manage fear of missing out by pre-managing investment amounts in a coin. I invest money in coin keeping in mind I would have nothing if I lost them completely. It is all about risks & rewards.
 

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On 2/14/2020 at 7:54 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.

Yes people gets panic and have fear of getting loss , they just sell the coins but I also advise them to be cool and calm just wait some time so that some days later the market value of your coins Gets icreases and you will get profits 

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i agree with you and this is why i suppose all and sundry ought to alternate simplest when expenses are changing so that it will anticipate the right possibility when the coin has reached its height to be able to make a profit.

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Oho no no my dear. If you take my advice never panic in trading or any other sort of business. You must have the courage to overcome this fear. Sometimes you have to bear the loss in trading. Never take any decision while you are panic.

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Actually first we have to see our market cap situation. If situation is bad and coin price going down then I suggest sell the coin but situation is good and coin price going down then don't be panic and wait some because coin. 

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Fear is a common factor in all human beings and also to a trader. Markets rise or fall, but one must not think that it is the end of the world. Because very soon everything will change.

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It turns out to be the case who reasonable arrangements reason dread with a great many people, which makes it offer available to be purchased their monetary standards quick, expecting that charge unquestionably will slide extra, also there's not much

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On 2/14/2020 at 10:54 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.

I also think that it's a bad decision, but always remember that the chart is unstable. Yes the value will decrease, but there is also a possibility that it may increase the value. 

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The price of any currency, as it rose, returns to decline, and the market is like that We must not be tempted by emotions and allow greed to control our decisions, as the market is volatile and the opportunities in it to make a profit are renewable.

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