FOMO is not good at all times!

[efxtrader]

Fomo is never good nor offers anything other than the person turning to a bag holder. The first thing to learn about trading is always to be contented with any profit made while overlooking the anticipated profits thereafter. It might looks silly but that's the best way to curtail loss.

When the price has risen more than 2x the previous price, we better start being careful. Experienced traders can certainly take from a lumped price up to many times, but new traders will definitely suffer losses when buying at a time when prices start high

[NavI_027]

In my opinion, FOMO is not harmful for us traders whether you invest on a very high or very low price because the outcome of your investment will all depends on how will you sell it. So if you think that FOMO is the reason why you are losing money right now then think again because the real reason behind it is your lack of patience. The question here is why did you sell your holdings despite that you bought it from a higher price? We have a "Buy low, Sell high" Rule, right? Did you panic, drive by your emotions? Well, whatever reason you get it is very clear that your wrong strategy lead you in this situation.

Anyway, aside from it, the other thing you should blame here is your internet provider because if you haven't experienced a loss of connection then I guess this won't happen .

[MonsterV]

FOMO is not good, controlling himself and being calm can avoid the FOMO. Although not completely avoidable, at least your mind is more calm and able to make the right decisions at such times. And do not blame the internet connection and whatever when you experience a loss when trading, think that you are just unlucky at the time and you are able to return it back. Blaming something for losses only makes us continue to regret it, please avoid this attitude.

You got it wrong, I think the topic should be "FOMO is bad at all times because to be honest, I have never seen a situation where FOMO is good, FOMO is all about greed and this does not give you the time to do a thorough research about a project before you purchase and most times, you end up purchasing when it is very expensive.

That is the behavior of FOMO who will not research the project and will only buy when the price is high, if the behavior is done then it will forever be a FOMO and forever will lose. So, don't get used to it and always do research first to buy, because buying when high prices will be very risky and basically we have to be patient to buy and sell because there will be a right time to do it.

Well it's a little difficult when in a situation like that, where someone has been patient waiting a long time and because of something they lose the moment. At that time FOMO will haunt our minds, I think there must be emotional education about trade. I saw several youtube channels that gave tips on trading, they were able to maintain the situation when they lost their moments and were patient again so they were very confident, this is a professional trader.

[Bitze]

ive learned that FOMO was not good at all times.

in my opinion FOMO is never good. as soon as you feel stressed and make hasty
decisions you make mistakes. and feelings are when it comes to business actually
only to the detriment. so FOMO is as good as it can be to avoid in my opinion

[@baoli]

This is mostly drive by the desire to make money. FOMO has really dealt with a lot of persons. Keeping your cool and controlling your investment can help one out of FOMO. Trade carfully.

[zero714309]

Greedy and patience is like gold,even you are pro trader but still greedy and doesnt have patience it will kill you slowly. Internet connection is big issue also, sometimes we find good exchange with so many trader,if we talk about token or altcoin who's make FOMO that mean so many trader also into it so website crash or who's not have good internet connection will get bad interupt. Dont enter market if cant control your emotion. You should enter with good position and moment.

[lolgato1]

And who is following FOMO strategy now in a bear market?  
The pure FOMO is an altcoin season, when people are byuing everything no matter the real value.  

[JeffBrad12]

Yes, FOMO is a huge problem for me when I doing day trading. Sometimes I cannot resist to sell my assets when its price goes up. I have read https://blog.thepeak.world/5-tips-to-avoid-failure-in-cryptocurrency-trading/ and it helped me a lot to fight FOMO.

That's better rather than sell your assets when the price gets plunged to the bottom. Sometimes FOMO can be considered as a real FOMO when there will be a massive buy in the market but FOMO can turn to the bulltrap and this is what makes everyone feel worried with FOMO.