How to manage your FOMO (Fear of Missing Out)

[malik6314193 5449]

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.

That's way patience play important role in trading. If you want to be successful in trading then you have to control your emotions. Many trader got loss because they can't wait for price come up and sell their tokens to low price. 

[Ozykalu2020 26]

If you want to control your emotions in crypto market especially when it comes to fear of missing out is just for you to know and tell your sell that you will NEVER buy the top of any coin. 

[Datincc 57]

On 2/14/2020 at 11:54 AM, 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.

Exactly, that's why you don't have to have emotions and plan a strategy before trading. If you handle sales orders you will do better

[Dinero49 39]

Hello. Cryptocurrency FOMO is real, and it can be a real drain on your investments.The fear of missing out on good things in life is a real one for many. It's that nagging voice that tells you, "Everyone is having more fun than you." Or, in the case of cryptocurrency investment, "You're missing the boat on so many good investments." Cryptocurrency FOMO is a serious issue in the community, and if you suffer from it, it can lead to really bad mistakes. FOMO is the kind of mentality that gets people investing in ICO scams, gets people panic-selling the moment a crypto dips, and insisting on getting insider deals on tokens that never go anywhere. Regards, my friend.

[MohamedDawood 23]

I closed everything and drink a cup of tea and play pubg mobile with my friend after. i feel relax i will back to trade again 😊.

[smil113 287]

There is no medicine for that ))

 

Only thing that helps me is setting the price higher than which I'm not buying

And setting the price to sell even before I buy

- I set a higher price, that I will sell at

- And a stop loss price (how far lower will I hold to sell)

 

That what helps me

[gagwdadada 534]

Для управления своими финансами нужно для начала закрепится в бирже и узнать как можно большее в ней, а уже потом вкладывать как можно больше денег.

[FspaceOrion 41]

On 2/14/2020 at 5:54 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 am taking it very easily, since i started to earn coins from airdrops and bounties. I have nothing to loose. All of my investings comes from the effort I have made. With is an amazing thing, no place to fear and pushes me to take a higher risk. And I take risks of the believing in projects. Then i invest, so far I consider myself lucky with cryptocurrencies. Hopefully it goes in a better way.

[Ale1Porrello 75]

Before even investing it is better to be sure of what you are doing, so when it comes to a drop in price, you will not be in a panic and you will know that it will have an improvement in the future. Clearly it is impossible to guess the future, and in cases where you cannot be sure before acting, you have to read, investigate and analyze the reason for the decline in order to know if it is a situation that will improve or worsen. The most important thing is not to lose your cool and analyze everything so that things go well.

[buildupks 38]

It is true that on some occasions I have had Panico and "FOMO" but then I calm down and begin to think that I have already followed a strategy and I must follow it on the other hand I generally plan long-term strategies with which I am sure I will obtain benefits, but Currently the vast majority of tokens have had a great decline and there are cases where you want to sell everything and take shelter in a stable coin but as the market goes down, there will be increases. Hold forever hahaha.
 

[el_caxper 25]

Fear is one of the worst emotions you can have when working with cryptocurrencies. I have it but I try to control it so that it does not affect my decision making.
 

[AlBitcoinCapone 21]

FOMO is a natural instinct that has to be controlled. Trade without emotion and have your set up planned before entering. If a coin has already moved too quickly it is likely to retrace- it’s often better to look for coins that are trending steadily up rather than jumping on sudden parabolic upward movements.

[Abas 21]

Good topic actually i had this fear and i personally think in time it will go away just focus on another subject and never think about it. 

[FeDa2110 76]

Information is the basic way to avoid fomo, we need to learn many things about different cryptos and market situations, maybe cryptos are very volatile but with knowledge we can detect some break point at markets, maybe just an small pump maybe a dump, but at least we stay calm and take god decisions

[sumbr 78]

to manage  your Fomo, first, you have to analyze the coin, you have to look at the chart based on the time frame, each time frame has own advantages and disadvantages, so you will be able to determine where the lowest point and the highest point of the price. besides that, don't play with large capital, play with moderate capital or don't be a greedy to get big profit

[chinemeremgab 23]

The best way to control your emotions in crypto trading, especially when it comes to fear of missing out is to make a personal,saying you will not buy the top of any coin. You only buy when prices have dumped.

[babaji 1228]

A lot of crypto trading is more of psychological than logical. The ability or inability to take practical decision,  sometimes defines success or failures. A decision taken, in abrupt fear of missing, creates an opportunity for someone else to bank in.

I do not understand the mechanism of crypto trading, coz trust me when I say this, sometimes the entire crypto market acts like a one whole sentient organism, turning all decisions against your favoe. Call me crazy, but I have heard similar stories from almost everyone. I bought and the price went down, I sold and the price went up. 

However, whether fear, or universal conspiracy, you have to hold on your nerves, and sell only when you get the amount you want and deserve. 

[m3nt0r 88]

I set my goals ahead of time and focus on the goals and not everything else going on.  Then you can keep looking at what you need to reach the goal and not on the crazy  potentially fake/dangerous activities out there

[dchaser 575]

The uneasy and sometimes all-consuming feeling that you’re missing out – that your peers are doing, in the know about, or in possession of more or something better than you’’. Under this framing of FOMO, nearly three quarters of traders reported they experienced the phenomenon

[Enrique77 50]

On 2/14/2020 at 11:54 AM, 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.

One of the things all of us, beginners and experts alike, should be working on is being patient when the currencies we invest in start to go down for some reason. Many times, and especially when I was a beginner in trading, I have lost a lot of money by not being patient. I know very well that it is difficult for many people and some are very nervous and get carried away by their feelings when trading their currencies, but the best thing is that if you are some of those people, do not trade so much because they could lose a lot money. It is my advice if you are one of them

[Maaz sultan 265]

That's a trick that work some time and not some time because this is crypto market we dont know when the price go up or down so when the price of any of your coin go dont first before selling research on the history carefully in short term if it have potential to come back then dont sell otherwise sell very quickly it's trick for getting this coin on much lower price .

[criptovzla1 93]

On 2/14/2020 at 10:54 AM, 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.

My recommendation is to stay informed on a daily basis, in order to be able to face and handle these situations in the best possible way. I believe that sometimes fear is necessary for investment decisions, but panic is not a good counselor. Studying investment risks is a great way to avoid these situations.

[CRISTIAN FERNANDEZ 32]

It is easy to be afraid of what we do not know as the future of bitcoin, which is unpredictable to exact science, but when acquiring more knowledge of fundamental and analytical analysis the risks of a great loss fade, by holding on and respecting your investment plan ( where the percentages of loss and gain that you stipulated are already set), unforeseen events do not happen ... only what you already anticipated according to your analysis and put aside the emotional, learning from your mistakes and improving your strategies.

[grite48 30]

 The fear of fail is inherent in all people, especially in the field where you can track your contribution in real time. When you are a beginner and your money turnover is small, you are afraid to lose everything. But if you are an experienced trader, lose is routine for you and a reason to move on.
  Therefore, to eliminate worries, you need to have these worries. Over time, you will stop worrying, as you have already gone through this.

[anahi09 46]

On 2/14/2020 at 9:54 AM, 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.

The key to losing fear is Research to understand cryptocurrencies is essential. There are options that allow you to experiment with cryptocurrencies without making an investment.