But you can't blame newbies who FOMO, afterall all, they are just starting their career here. And once they got to see how manipulation works first hand, they are going to be mentally tough and not just panic and liquidate their funds and be intimidated.
When I first started my journey here, hmm, I don't know that there are whales and there are a lot of fraudulent practice behind until I read some article. So I try to learn everything and not be swayed by FOMO or FUD around.
Fomo isn't just related to newbies. It might be more common amongst noobs, but that's about it.
I know enough well experienced traders that do fall for it, and I have been into fomo stages as well, and I can't say beforehand that it won't ever happen again. I'm fairly sure that the odds of it to happen again are higher than the odds of it to not happen.
Market psychology is something people severely underestimate. If you for example had a bad day before your tranding session, you are more likely to make an irrational decision, and so there are many more underlying causes that may lead to irrational decisions. Don't ever assume that you have made it and understand the market. You learn every single day, and I'm happy to read that you're open to it.