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Author Topic: How do you experience FOMO?  (Read 505 times)
Dudeperfect
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September 10, 2018, 05:01:31 PM
 #61

I have observed the main thing that FOMO takes place when there is the uncertainty and the core root of uncertainty lies in the lack of research and confidence on that research. I have lost my capital multiple times in my initial days of trading when I used to trade based on others opinion just because I didn't have my research or with me so any update was enough to put me into the FOMO mentality and that was really a bad experience.
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September 10, 2018, 05:11:08 PM
 #62

Trust in your own analysis and set up your stop-losses correctly. There's no need to be anxious when doing so, if the worst-case-scenario happens while you sleep, if your SL is placed correctly you should lose maximum of ~1% of your investment. That's all.

FOMO into pumps is ludacrious, every parabolic price action should be traded with caution. "What goes up in an escalator, comes down in a elevator"
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