OH YEAH FRUSTATED TRADERS.

[Shasha80]

The biggest problem that occurs to traders is how they control their emotions when trading, and also lack the knowledge and experience when
starting trading. These two reasons ultimately made some traders lose due to FOMO, by buying coins at high prices. If people who can control
their emotions will not rush into buying the coins they want, they will wait patiently for the right time to buy. And also people who have experience
and knowledge are unlikely to panic easily and eventually FOMO, because they will do analysis and research first before deciding to buy coins.

[cabron]

Well, I just can resist buying more Dogecoin while the price is $0.40 this is because I'm not sure whether its going to dip again or rise more for its been doing the same thing for more than a week already.  Remember that it starts at $0.05 then shoots to $0.42. I felt the FOMO, you can't blame me. But now that its dipping to $0.25 I think I'm also going to sell.    That's how frustrating is it.

[awik p]

things like this are a common thing in the world of crypto trading. psychological weaknesses are exploited by whales for maximum personal gain. therefore I agree, behind the tantalizing Fomo, it becomes a hidden enemy, and we must be mentally prepared to face the possibilities that occur.

[RealMalatesta]

psychological weaknesses are exploited by whales for maximum personal gain. therefore I agree, behind the tantalizing Fomo, it becomes a hidden enemy, and we must be mentally prepared to face the possibilities that occur.

Yeah, these are all being covered by emotional management and traders must make use of it when they are under pressure. Whales are always there to manipulate the market directions hence when we are not good in emotional management then we will easily join to losing side. In my opinion we must never give room to FOMO and FUD; we should always stick within our trading plans so that we could make use of our technical analysis which will be the key at the end of the day for profit-making.

When we are not careful frustrations easily happen in crypto trading hence being careful and at the same time trying our level best will lead to assured success.

[ipanks]

Well, I just can resist buying more Dogecoin while the price is $0.40 this is because I'm not sure whether its going to dip again or rise more for its been doing the same thing for more than a week already.  Remember that it starts at $0.05 then shoots to $0.42. I felt the FOMO, you can't blame me. But now that its dipping to $0.25 I think I'm also going to sell.    That's how frustrating is it.

It is better to wait for more because Dogecoin has a chance to get down for more, especially if bitcoin is not going up or even the bitcoin price will go down for more. If bitcoin is down again, all altcoins will follow and many of the altcoins will go down and maybe some of them will go back to the lowest price before. We need to have more patience because that is how we can find a way to see our benefits.

[Sterbens]

trading or investing must have its own principles, and conceptual strategies to hold. Regardless of Fomo from external and internal parties, he still adheres to his trading principles. It's not easy to control emotions, when we are active in the world of social media, some issues, news and also information that is consumed raw will have a negative impact. therefore you must have a personal analysis, so that you are not easily scratched by the Fomo that is spread.

[imstillthebest]

fomo can be your friend if you got lucky or you fomo the right way because you have knowledge on the coin you choose .
  they dont invest early because they want to make sure that they dont get scam but between fomo in pump and fomo in dump or early stage ,
 many people choose to fomo in early stage investing coins that are in ico because they are jelous with others gains and they think its the only way to earn money fast .

[taufik123]

Finding it early and buying it was something that couldn't be done that easily. It takes research to find out. Because only a few people know. For example, when FOMO DOGE was very appalling. Elon Musk is certainly the key to FOMO DOGE. DOGE could even print its highest price in 2021, but behind all that, many people buy above because they are stuck with FOMO. currently all Altcoins are experiencing a drastic decline due to the BTC dump. those who bought above because FOMO was stuck at a very high price.

[Furious 7]

Finding it early and buying it was something that couldn't be done that easily. It takes research to find out. Because only a few people know. For example, when FOMO DOGE was very appalling. Elon Musk is certainly the key to FOMO DOGE. DOGE could even print its highest price in 2021, but behind all that, many people buy above because they are stuck with FOMO. currently all Altcoins are experiencing a drastic decline due to the BTC dump. those who bought above because FOMO was stuck at a very high price.

For now many are stuck due to the big dump that happened to BTC and following other things with altcoins, by buying above because of their ignorance maybe this is the cause of getting stuck and they will panic seeing this because it might be FOMO too.
You can say that ELON is the cause if we are dependent on it, this is a little difficult when trapped and it must be learned that FOMO can keep us trapped for a long time and like now no one knows when to recover because of a large enough drop but like it. the correction will take a little longer to reach the highs again.

[isaac_clarke22]

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.

Gotta admit that I FOMOd back in the days as well when I was still starting up.
Imagine that you started in Bitcoin when it was about to reach 20k back then.
It is like waking up in the middle of war and you don't have a single freaking idea what to do. Do you sell? What if 20k breach happened?
Do you buy? What if it dipped? Turned out I should've just chose neither.

[iamsange]

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.

Emotion is the one of some importants key in trading, and i think maybe it is the hardest part. Because analysis maybe people can be good at it with practices. But if keep panic or maybe get Fomo when something happen, although traders who already have very long time in trading activity sometimes get panic or maybe get FOMOed too.

[DarkDays]

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.

That's right. There will always be people who want a piece of the cake but come in a little late.


TBF this is what makes a trader a good trader, you have to go through the down before you get to the profit. It is something I find people learn when experienced on their own skin.

frustration, losses and despair are all part of the process to scuccess - and of course learning to HODL/ sell at the right time.

[goldade]

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.

This is one golden piece of advice in crypto trading. Many people get carried away by the profits of others who bought quite early into a project and for the FEAR OF MISSING OUT, buy at the top only to discover that such coin has completed its bull run and it's now decreasing in value and they'll eventually lose money. I almost got into one of such coin recently when because of the profit hypes, I almost bought it only for it to plummet down in price. Alas, it's bull run has ended.
The best thing to do is to make research concerning projects before buying into them.

[Mahanton]

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.

That's right. There will always be people who want a piece of the cake but come in a little late.


TBF this is what makes a trader a good trader, you have to go through the down before you get to the profit. It is something I find people learn when experienced on their own skin.

frustration, losses and despair are all part of the process to scuccess - and of course learning to HODL/ sell at the right time.

Not that really necessary for you to experience because we are trying our best on not to experience it on the first place but this is an inevitable stuff where a noob
could really not able to avoid because this isnt something that you can get on few tries no matter how good you are on theory but still ending up on comitting some losing trade
due to inexperience and lack of knowledge.So these are the main stepping stones that you will need for you to step up on trading career.Anger, Regrets and frustration
are all in one emotions that you can really able to experience on this market.Its impossible for someone who wont able to experience these things along the way.

[Woodie]

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.

Herd mentality at its best!

I would like to think there is positive FOMO and negative FOMO, imagine investing in bitcoin more than 10 years ago because you heard about it from someone and you joined because they joined the cryptography journey first...and you followed them by now you would be praising them! Then there is negative FOMO which I believe leads you into a ditch with nothing to benefit from.

[Hypnosis00]

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.

Have a plan, go straight on it, and reach our goal.

Because no matter what your friend had said, even you heard FUD's, it certainly won't affect your decision as you are heading straight to your target goal. Accepting other ideas, becoming an open-minded is something could help but as you who hold the future of your investment will have the right position to decide what you want. And it is you also who analyze what people says if that is wrong or really reasonable right but we shouldn't have to forget what we aim for. FOMOing is a challenge and many we're not able to survive.

[bittraffic]

This is because of the seasons we have been experiencing in crypto that we begin to think of buying before the bear market comes. And then we are not able to identify exactly when the bear market will start and that's when the real problem starts as well. Because when you suddenly dump thinking the bear market had come already but you suddenly see the price went up after dumping. A big loss once again.

[TastyChillySauce00]

When the market is in dip is always the right time to buy some but as you said people really like to buy around the top, I personally think for those kind of traders they need some kind of target for buying and selling so they won't get too carried away by their emotion.
Not to mention when they get influenced by those so called crypto gurus, it's just ridiculous how people could hardly make any decision but always follow other people's decision really easily. It's like when price are in dip people gonna complaint and how the market gonna fall down but when the price pumps they instead buying in bulk, isn't that should be the other way around? lol. I personally trying to accumulate even when the market is in dip because crypto has proven to be resilient and gonna go back up again eventually.   

[Kittygalore]

This is because of the seasons we have been experiencing in crypto that we begin to think of buying before the bear market comes. And then we are not able to identify exactly when the bear market will start and that's when the real problem starts as well. Because when you suddenly dump thinking the bear market had come already but you suddenly see the price went up after dumping. A big loss once again.

The problem is that we wait for a season to buy as if we know when it is going to arrive. The key is to buy no matter what the prices is, if you are aiming for long-term just do it and buy, you will get your money's worth in the long-term hodling.

[Stedsm]

The fact is, when one trader wins huge, many small traders lose something. So why to cry out when you lose? Take it and move on. Second thought is never listen to anybody even if they show you a 100k% profit because they were lucky to enter the markets at that time and you may not be that lucky ahead. Listening to them will only force you to take wrong decisions and you'll listen to their brains and not yours.