doctor877 (OP)
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April 17, 2021, 08:27:05 PM |
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FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.
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blockman
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April 17, 2021, 08:29:34 PM |
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It doesn't get old that there will someone who would share their losses because they've bought at the top and sold at loss. It's a never ending story because there will always be newbies that cannot take their emotions when they see the coin that they've bought starts to go down. Buying at the dip is what everyone is recommending but you shall know it on your own if you're going to look at it and all of us have proper timings on it, whichever is the good price and coin to buy.
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Hamphser
Sr. Member
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Vave.com - Crypto Casino
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April 17, 2021, 09:09:55 PM |
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FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.
FOMO and FUD.! These are common things that you would really be experiencing into this market where you can see lots of situations that could really happen from time to time and if you are just new here then better get used to it. Buy high Sell low. this had been a typical mistake where people do miss out buying when its still cheap and they do only make out actions when the price is nearly into its peak which you can really anticipate that disaster would comes next. Frustration is common but these are the things that you should really able to control to make yourself a better trader.
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martina14
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April 18, 2021, 04:46:35 AM |
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FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.
FOMO will always be a part of here in the crypto space mate, that's why our profit here will also always in our hands of course. In short, We shouldn't depend our earnings in the latest news update about in cryptocurrency. Aside from this we should also need to feed ourselves in knowledge to gain in the future as well. If we apply our emotions in a right way the result of course there is a nice a profit.
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Iceblast
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April 18, 2021, 04:55:36 AM |
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buying above because it is affected is not very good for the trader, we should try to take advantage of the best opportunity to be able to take the lowest positions and sell the highs because that is the way of professional traders today. so what we need to know is not to get stuck in the top position just because it follows the trend
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JeromeTash
Legendary
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Heisenberg
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April 18, 2021, 07:45:35 AM |
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History has it that the best time to buy is usually when most people are panic selling and terrified about a market crash. Unfortunately very few people catch this kind of opportunity and end up buying Highs and all-time highs.
I am very sure once this market turns to a bear market, we are going to have lots of traders lose money and remain cursing. I saw in late 2017 and 2018, and I will live to tell the story.
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Wexnident
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April 18, 2021, 08:31:50 AM |
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People experience the FOMO if they wanted to expect or to gain something in the highest possible way. Greedy so to speak. It isn't necessarily bad, but there should be situations where you yourself should understand that you're overextending and that it's time to stop, or not even enter it entirely even. Opportunities aren't found with hard work imo, it's highly dependent on luck. Doesn't mean that you shouldn't work though, do something that would let you look for opportunities, and then grab hold of it. Just judge properly if that "opportunity" is actually a good or a bad one.
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GreatArkansas
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April 18, 2021, 09:04:39 AM |
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For me, newbies are the MOST victim of FOMO, they are very vulnerable to it. But if they will continue to trade and don't stop, they will slowly learn, and those mistakes at the beginning will be a lesson for them. I admit, I always get FOMOd before when I started to trade on an exchange, very the worst experience.
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Husires
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April 18, 2021, 09:42:19 AM |
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The best way to fight the FOMO is to buy at the correct time and place the gains from the date of purchase. When you buy from the bottom, you reduce the risks that you may be exposed to. The problem with FOMO is greed, when the price rises, the instinct of greed begins to control and try to catch the train to achieve the highest profit and thus loss because wave was high and you tried to ride it.
Putting aside your emotions and developing a strategy based on numbers is always best.
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xianbits
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April 18, 2021, 11:20:40 AM |
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FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.
On the other hand, because of FOMO and shilling, many ordinary people became rich in an instant. First they shill, hoping to get a lot of FOMO victims, and then dump. Almost everyday they do that. Imagine how much many the can get from it. I am saying, FOMO could be bad for those "victims" but there are also people who'll become happy because of this. Let's not be one of the victims.
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samcrypto
Sr. Member
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Vave.com - Crypto Casino
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April 18, 2021, 12:00:21 PM |
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They are being hyped by someone and that's why they tend to buy without having their own analysis, because they believe on that person that much. I have my friend recently buy DOGE on top, and now he's asking me if the price can still return to its peak, well my answer is yes but there's no guarantee when.
FOMO is the big problem of every newbies, they are not listening at all and only focus for an easy profit and they lose money instead on earning. We have to know when is the best price to buy and not just because of hype, better to learn first on how to analyze the market.
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crzy
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April 18, 2021, 12:10:39 PM |
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For me, newbies are the MOST victim of FOMO, they are very vulnerable to it. But if they will continue to trade and don't stop, they will slowly learn, and those mistakes at the beginning will be a lesson for them. I admit, I always get FOMOd before when I started to trade on an exchange, very the worst experience.
That will be there most expensive way to learn a lesson and I admit that I experienced the same thing before, FOMO is not good. Newbies have to understand trading properly, most of them are just relying on social media and they buy because of someone's tweet, many are losing their faith in cryptocurrency again, they see a big gain they didn't take profit, and now they see a bloody market, you'll hear them panicking.
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AllGoodNamesAreTaken
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April 18, 2021, 12:11:42 PM |
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It doesn't get old that there will someone who would share their losses because they've bought at the top and sold at loss. It's a never ending story because there will always be newbies that cannot take their emotions when they see the coin that they've bought starts to go down. Buying at the dip is what everyone is recommending but you shall know it on your own if you're going to look at it and all of us have proper timings on it, whichever is the good price and coin to buy.
I don't know many people who ended their trading career with gains.
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blockman
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April 18, 2021, 08:17:02 PM |
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It doesn't get old that there will someone who would share their losses because they've bought at the top and sold at loss. It's a never ending story because there will always be newbies that cannot take their emotions when they see the coin that they've bought starts to go down. Buying at the dip is what everyone is recommending but you shall know it on your own if you're going to look at it and all of us have proper timings on it, whichever is the good price and coin to buy.
I don't know many people who ended their trading career with gains. You probably haven't seen one. You just stay on this section and see those traders that are sharing their gains, they're not boasting but happily sharing it because they've gained. I've seen many of them shared those stories of theirs, you have to find the topics that are related to that topic since this section is already about trading.
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sayaya17
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April 18, 2021, 09:54:12 PM |
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For that before buying altcoins need in-depth analysis and find the potential of the coin that will pump at that moment. But this kind of thing is difficult, sometimes predictions are not always right. Talk about FOMO usually happens when coins are pumping and people are buying at high prices. Yes, this should not be the case if you do not want to suffer losses by buying at a high price.
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dunfida
Legendary
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April 18, 2021, 11:54:40 PM |
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It doesn't get old that there will someone who would share their losses because they've bought at the top and sold at loss. It's a never ending story because there will always be newbies that cannot take their emotions when they see the coin that they've bought starts to go down. Buying at the dip is what everyone is recommending but you shall know it on your own if you're going to look at it and all of us have proper timings on it, whichever is the good price and coin to buy.
I don't know many people who ended their trading career with gains. You probably haven't seen one. You just stay on this section and see those traders that are sharing their gains, they're not boasting but happily sharing it because they've gained. I've seen many of them shared those stories of theirs, you have to find the topics that are related to that topic since this section is already about trading. There are actually lots of valuable information that you can read up its up to you if you would really be that eager on finding it out. Trading is a story of success or failure and you can really expect different scenarios which had been part of the reality when you do get engaged with trading. Frustration and different emotions are really present. Trading isnt for everyone and if youre a type of person whom do easily quits out then you wont really be lasting up long.
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kawetsriyanto
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April 18, 2021, 11:59:38 PM |
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I don't know many people who ended their trading career with gains.
What's your point? Do you never hear a trader with a successful story in trading? There must be many traders who succeed in trading. If you google, check on Youtube, or take a look on social media, you easily can get the information of successful traders in crypto. But ensure it is a trustable channel, don't be trapped in a promotion of a certain crypto coin! *If no successful traders, all people must leave the crypto market! In fact, even stock traders move to the crypto market nowadays. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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goaldigger
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April 19, 2021, 02:23:37 AM |
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There's a lot of frustrated traders right now because they are doing their trades wrong at the first place, FOMO is not good many is losing money because of this. Now that we've seen another big pump and big dump, hopefully that those frustrated traders will take this seriously and don't think for the easy money in trading. Don't buy at the peak and sold at the bottom, this is a bad way of burning your money, don't FOMO and control your emotion all the time. I don't know many people who ended their trading career with gains.
They don't want to be exposed for sure because you might ask for some money, and I can say that many succeed on their tradings and they just want to remain private and focus on their earnings instead of posting it online.
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Mahanton
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April 19, 2021, 03:16:14 AM |
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I don't know many people who ended their trading career with gains.
What's your point? Do you never hear a trader with a successful story in trading? There must be many traders who succeed in trading. If you google, check on Youtube, or take a look on social media, you easily can get the information of successful traders in crypto. But ensure it is a trustable channel, don't be trapped in a promotion of a certain crypto coin! *If no successful traders, all people must leave the crypto market! In fact, even stock traders move to the crypto market nowadays. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) For sure lots of stocks and forex traders had jumped in into this market because of that volatility reason where it can give you out potential profits which is way more than that you can potentially earn into those traditional markets. How would someone will be quitting out trading if he's profitable? for sure people would continue on what they do and earn more as much as they can.Just like what been said above that this is something that not suitable for all. There are traders who do succeed and of course to those who do failed.
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jostorres
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 19, 2021, 11:48:07 AM |
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one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.
If you're buying and selling without technical analysis then definitely you will get into top and may sell at bottom. This happens because market is highly tricky one which will be playing with your emotions to make you a no-brainer then and to push you to take wrong decisions at critical times. There must be many traders who succeed in trading. If you google, check on Youtube, or take a look on social media, you easily can get the information of successful traders in crypto.
It seems beginners are taking examples from loser and not at all bothering about the successful traders. I guess that is common because whenever people are making profits they are simply moving on but when they are losing then they will come into all social media to cry out about their mistake.
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