FOMO is not good at all times!

[masterrex]

Im doing day trading in a big and very popular exchange. when im starting to trade in the particular token. the green candles is going crazy filling up and because i was not ready at that time i feel the FOMO thats why i buy too until my internet connection has a problem thats why its lagging. for a minute when i refresh it. the price was dump already and followed by red candlestick i was left a bag holder. since i have no choice i have to sell it at losing price. ive learned that FOMO was not good at all times. What are causes of this??

[Adya]

patiens is the key for good life, big profits etc. fomo iterrupt all of these goods. you stop to think with fomo and usually make mistakes.

[Red-Apple]

if you are having problems with your trading in a way that a simple internet connection for a very short amount of time makes you lose money (get dumped on) then it means your trading strategy is wrong and you are entering that shitcoin way too late.
you should try to go in those pumping shitcoins when they are starting to get pumped not when they are already done pumping! obviously by then it is already too late.

[pinoy.bolanon]

Trading has its own risk, yet we need to learn to strategy, there are lots of reading materials available in the internet about FOMO that it is not really good to ride in it, if you dont know the game of daily trading, still patience is the key to earn profits, its a matter of patience.

[mikelsmith2020]

You shouldn't have sell your coins and just waited for it to recover at what percent loss you've sell your coins? You also considered your analysis and patterns before selling it might be a bull trap but still there's a chance that it will continue, Market is volatile and we should be really careful on choosing a coins since some of them are fake pumping

[VanDeinsberg12]

It's not about fomo but you are taking the wrong time to buy, you are actually buying when the price is getting pumped and then you are getting dumped after the whales have created a bulltrap.
Just remember to buy when it was dipping and not pumping.

[Bonwin]

Im doing day trading in a big and very popular exchange. when im starting to trade in the particular token. the green candles is going crazy filling up and because i was not ready at that time i feel the FOMO thats why i buy too until my internet connection has a problem thats why its lagging. for a minute when i refresh it. the price was dump already and followed by red candlestick i was left a bag holder. since i have no choice i have to sell it at losing price. ive learned that FOMO was not good at all times. What are causes of this??

I think you are already making mistake. If you are sure that the team of coin you have are still very active and if there are lots of upcoming updates onboard, you should hodl even while at loss. Wait for a better time and better opportunity. Also, if you mean to become a trader or an investor, then you should find something to do to your internet connection.

[Erickan]

I met the case like you and now still have my fomo mentality less. fomo psychology is something that most of us will encounter at the beginning of the transaction, it also explains why the majority are always losers, only very few people make money with the crypto market. So it is important to learn to control emotions, avoid running after the crowd.

[ATSgrowth]

Now when Bitcoin falls down is a time for buying more. Do dollar cost average strategy instead of FOMO (no strategx) and in a long time period you will be in a profit.

[cryptocompares]

I have a very big fomo started recently when I saw that I once sold egretia exactly 70 times cheaper than it is now. Very bad condition.

[Prettygirl01315]

FOMO is just a common problem to everyone because when they invest so much on a particular project and goes a sudden no updates or the admins are not active it make to goes to FOMO mode. Also filling your bag with btc, eth or decent coins on the market that goes a sudden rise of the prices or crashing down so hard can also create FOMO. Indeed FOMO is not good at all times

[The3max]

fomo will be good for a long-term investor (holder). But for traders, with some currencies, is a worry. It is possible that the highest price today will be the highest price in a long time. Meanwhile traders use trading orders every day

[ned.ryerson]

if you are engaged in day trading then you should just use stop loss to avoid the risks of negative fomo. this is the only way to be safe

[shadowduck]

Nowadays, day trading is very dangerous. you can stay for a long time in some kind of altcoin. Now I prefer to wait a bit before trading

[dabenko]

Im doing day trading in a big and very popular exchange. when im starting to trade in the particular token. the green candles is going crazy filling up and because i was not ready at that time i feel the FOMO thats why i buy too until my internet connection has a problem thats why its lagging. for a minute when i refresh it. the price was dump already and followed by red candlestick i was left a bag holder. since i have no choice i have to sell it at losing price. ive learned that FOMO was not good at all times. What are causes of this??

A lot of traders, most especially those who work in group go about shilling making FOMO about what they want to sell. Even team members of the coin in question also do that. It is left for someone who intends to invest in it, to know when to come in.

[axel2078]

Most times, when fomo is high and driving virtually everyone around us, that's the time to play safe and be patient. That we missed an entry point doesn't mean we won't see another if not in that coin, then in another. The ability to resist fomo is one of the characteristics of a good trader.

[CoinsOrDie]

Im doing day trading in a big and very popular exchange. when im starting to trade in the particular token. the green candles is going crazy filling up and because i was not ready at that time i feel the FOMO thats why i buy too until my internet connection has a problem thats why its lagging. for a minute when i refresh it. the price was dump already and followed by red candlestick i was left a bag holder. since i have no choice i have to sell it at losing price. ive learned that FOMO was not good at all times. What are causes of this??

Fomo is actually bad. Good traders or investors don't do that because they know how to control their emotions. When I started out newly as a trader, I chased green candles in ripples, Xrp thinking it will head to 10usd but I ended up buying the top  at 3$

[bitc0000]

I think fomo nothing but a trap which has held many traders captive of a coin they never wish to hold. When we throw caution to the wind and do what we feel is right so as not to miss out; the chances of getting trapped due to fomo is always high. In my own opinion, it is better to exit the market once that feeling sets in and wait for another time as it will save us a lot.

[Capt00]

Im doing day trading in a big and very popular exchange. when im starting to trade in the particular token. the green candles is going crazy filling up and because i was not ready at that time i feel the FOMO thats why i buy too until my internet connection has a problem thats why its lagging. for a minute when i refresh it. the price was dump already and followed by red candlestick i was left a bag holder. since i have no choice i have to sell it at losing price. ive learned that FOMO was not good at all times. What are causes of this??

That's a big mistake you'll do, you been caught into FOMO and you been out of your strategies. Supposedly you hold but it is done already and no other way to bring it back unless you do trades again. But you'll keep it doing again, I suggest to stop and trading isn't the right place for you. 

[Olatunjex]

Of course FOMO is not good, it's better to buy low and sell high, fomo buying usually lead to loss because the sellers are those who are taking profit from the low entry they had.