Do you expect better, but then impulsively jump into things due to FOMO?

[Awaklara]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

That awareness will grow and stick with you along with your trading experience. You can read various trading strategy sources, but experience can control your psychology better.
Try to be patient and consistent with the plan you have made, it doesn't seem difficult. but when you are inexperienced, panic can really mess things up. this is fairly normal, even experienced by most novice traders. The medicine is only within yourself, based on your ability and desire to correct mistakes in every trading experience you make.

[1715021216]

1715021216

[1715021216]

1715021216

[1715021216]

1715021216

[gunhell16]

What you are talking about is letting emotion to be controlling you. If you are a newbie, you will experience that. Even if a trader is not disciplined enough, he may be controlled by emotion.

But sometimes, it is good. Example is when the market is overbought or oversold so much to a greater extent, a good trader may see it as a good opportunity to open a position.

Trading is more than that though.

That's right, in doing trading activity, an individual trader does not need to be emotional. That's why the problem is often with others who try; they only had a little idea of trading and thought they knew it. So, when something unexpected comes that doesn't complement the setup he did to make money, it is preceded by their emotionality.

Being emotional is part of human nature, it cannot be removed from our personality. All we need to do is use the right emotion that we will feel, so others say that as a reminder to newbies, be prudent, have self-discipline, and have self-control.

[Uruhara]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

I've experienced something like that. And well it's something that is hard to treat. Even when I studied trading psychology and such, it still didn't let me get away from it.

But as time goes by and the more I get involved in trading, I subconsciously become better at controlling my emotions in trading. Well now I can be more patient and avoid FOMO. And it seems that it's just experience that makes me better at trading.

[Lakai01]

-snip-
Being emotional is part of human nature, it cannot be removed from our personality. All we need to do is use the right emotion that we will feel, so others say that as a reminder to newbies, be prudent, have self-discipline, and have self-control.

Of course, you can't switch off the emotions, at least subliminally they are always there. But what works very well is not to be dependent on your own emotions. There are very good ways to do this, such as trading bots that execute your own strategy or a simple "stick to the plan", where you set yourself a plan and follow it 100%. The latter, of course, requires a lot of self-discipline ... which you have to have as a trader anyway.

[michellee]

If you don't want to be affected by FOMO, you are better off not entering the crypto market and only investing your money in Bitcoin. And in investing in Bitcoin, you use DCA so you won't be too affected by FOMO or anything that could make you worry.

But if you still want to trade, you must be able to manage your emotions so that they are not affected by any news that is released. There is no surefire cure, but you have to learn to be patient and keep learning more about trading. This is so that you can find out what is happening in the crypto market and not panic after reading outside news.

You only have to practice to avoid being affected and it takes time to master it. And it is with patience that you can manage your emotions and stay calm no matter what happens in the market so you can use the moment for your benefit.

[Husires]

FOMO happens to me when there is a lack of certainty, meaning that I am thinking about several things and I am not sure of the decision I made, or when I do not develop a specific strategy, and both things can be solved easily, as I can place a bot to trade with a strategy, and after that, if a loss occurs, I will not regret it, but as long as I prepare. Thinking about your investment or if you do not have a strategy and plan, FOMO will control your investment decisions, and then you will depend on luck for the success or failure of the plan.

[Sanitough]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Experience will tell it all. At first, it’s normal for us to jump into FOMO because we always want to take an edge on everything, not actually thinking that this FOMO will only lead us into more losses and frustrations. However, as time goes by, and as experience in the market has widen, you will eventually learn to adjust and be patient. You will realize that sticking to your goal is most important, than to divert things and suddenly jump into FOMO because of your uncontrollable fears and doubt.

[jrrsparkles]

then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

If you found yourself doing it wrong then you got the answer as well, stop it right then, huh?

When money is involved in things it can affect your decision-making abilities due to overwhelming your emotions on it so to stop it you should stop bothering the negative news or positive news which can result in FUD or FOMO and think damn straight from your point of your's so then you know what you need to do at that situation.

And stop worrying about missed opportunities cause nothing is gonna change what happened in the past so just keep focus on what is good for the future and start working on it.

[Fatunad]

then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

If you found yourself doing it wrong then you got the answer as well, stop it right then, huh?

When money is involved in things it can affect your decision-making abilities due to overwhelming your emotions on it so to stop it you should stop bothering the negative news or positive news which can result in FUD or FOMO and think damn straight from your point of your's so then you know what you need to do at that situation.

And stop worrying about missed opportunities cause nothing is gonna change what happened in the past so just keep focus on what is good for the future and start working on it.

Self realization would always be coming up next and it would really be just that common sense on what you should gonna do next because its impossible that you wont really be able to make out some comparison
in between wrong and right decisions on various conditions or situations on which it would be that normal that you would be able to observe on which one is really that something beneficial for you and whats not.
Being into the condition on which you are still a newbie then it would be always having that common impression that dealing with this market is really just that easy peasy but on the time that you had stepped your foot
into this space then this is w here you would really be realizing that it wasnt really as simple as we have think of it.

When we are noob, then you would be having those thoughts on seeing price pumps and positive rallies which you would be thinking that reaching out peak would really be a long and vast one and since we are really just human beings then it would really be just that right that you will really be having that kind of impression that you should join in with the ride and go have that moon reaction.
Since you are lacking up knowledge and experience then it would really be so easy to alter out your emotion and make out that sudden changes on your investment position.

[Huppercase]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Technically, trading with aim planned is the best and following that is the best practice because when things fall out of place, it's the same technicalities that will help you out but when you don't have a plan in trading, this is where problems start to  grow. When a trader set a trade after mapping out the trend using the trend line and studying the candle stick and then deviated from such plan, it can lead to what they don't expect. However, this is limited sometimes as plan of trade do change, like when the fundamentals change all of sudden especially when you don't expect it.

That been said but I haven't say the main points. Crypto is move by emotions rather than skills and that's what drive the price of coins; have you asked yourself why meme coins pump madly without anything valuable to show about this coins and tokens, they are hype products and the only thing you need with this coins is to hold instead of trading them, you will gain less when you trade them. This is why you sometimes see people abandoned trading when these give you profits you don't expect, imagine expecting a 10% increase and then you wake up at night only to see 200%, that's insane profits to make you change mind in your initial plan.

Bull run is another aspect that can change ones mind, literally coins pump more during this time with hype, this are one of the things that can make you abandoned trading and turn to full time holder because in trading, profits can be choppy but holding a coin is not stressful and you don't check for of your stop loss is triggered or not.

[South Park]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

There are two ways to deal with this, the slow approach is that this will simply come to you with practice, now this means that sometimes you will feel the FOMO and take a dumb decision, however after this happens to you a few times you will learn to ignore those feelings as you know they will lead you to lose your money, the second approach is to have a trading strategy you have verified and backtested, this way when the market begins to go up very rapidly you will not enter it just because of the FOMO and instead you will wait until your strategy tells you it is the correct time to do it.

[Unbunplease]

There are two ways to deal with this, the slow approach is that this will simply come to you with practice, now this means that sometimes you will feel the FOMO and take a dumb decision, however after this happens to you a few times you will learn to ignore those feelings as you know they will lead you to lose your money, the second approach is to have a trading strategy you have verified and backtested, this way when the market begins to go up very rapidly you will not enter it just because of the FOMO and instead you will wait until your strategy tells you it is the correct time to do it.

Another option is to use a certain percentage of your savings for FOMO. Money invested during FOMO is not always a bad investment. It's not uncommon to make a nice profit (if you're not the last buyer). Even in seemingly wrong decisions, there can be truth to them

[lalabotax]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

I personally have never been interested in investing in hype coins or coins because of FOMO. Because I realized that it was not my passion and ability. Moreover, it is something that is really risky. And usually, when people suddenly choose coins because of FOMO, they may be driven by short desires due to various promotions and sweet promises from various influencers or media that exaggerate a project. So they end up jumping into coins because of FOMO. The danger here is that when they cannot manage themselves well and do so without sufficient knowledge and experience, then their risk of loss will be greater than the possibility of getting profits from this FOMO activity. This is even more dangerous, but sometimes someone doesn't realize it and even believes in the FOMO news.

[Oilacris]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

I personally have never been interested in investing in hype coins or coins because of FOMO. Because I realized that it was not my passion and ability. Moreover, it is something that is really risky. And usually, when people suddenly choose coins because of FOMO, they may be driven by short desires due to various promotions and sweet promises from various influencers or media that exaggerate a project. So they end up jumping into coins because of FOMO. The danger here is that when they cannot manage themselves well and do so without sufficient knowledge and experience, then their risk of loss will be greater than the possibility of getting profits from this FOMO activity. This is even more dangerous, but sometimes someone doesn't realize it and even believes in the FOMO news.

But there's really a time that you do feel up that kind of regret on the time that you are seeing someone who had become a millionaire on just simply investing a few bucks? Yes, you are right and this one

is because of meme coins and some shit coins in the market on which you would really be that thinking about those probabilities and that what makes you interested on doing so.
This is why it would really be always better that you should really be that sensible on whatever things that you would be doing. Be realistic and not something that make you desperate.
Its not bad to invest on altcoins or memes as long you are aware onto yourself about the accompanied risks that lies ahead.

FOMO or FUD is really that common whenever talking or speaking about crypto market or with fiat/traditional ones which it is really that a very common scenario specially
when you are still that newbie on the time that you would be having that kind of approach towards the market when it comes into its movements
and behavior.

[mvdheuvel1983]

The importance of self-control in trading, cannot be over emphasized. It is the antidote for a range of emotions like the fear of missing out and greed which are very strong emotions that entices every trader. Those who succumb to it lure suffer its negative consequences.

When a newbie and a professional trader controls themselves, they are able to resist the temptation letting the fear of missing out dictate their action. Stay with your strategies as it will prevent potential losses that arise from excessive risk-taking.

[irhact]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Don't let your emotions control you when trading or you'll make wrong decisions that will make you to lose that trade because of fear, as a trader you should keep your emotions under control always. Anything that makes you want to fomo is been caused by your emotions. Discipline and self control is needed to become a professional trader that'll be making money from trading. Every trader has those experience but they put them under control.

You can permanently changed by understanding what is needed to become a professional trader because if you keep letting your emotions control you, you won't be able to make money from trading as you'll always be scared of the market moving and panic by exiting the market.

[Mauser]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Not anymore, luckily I changed over the years and managed to become more patient. When I was younger I was always the first to get motivated to try something new, even if there was no real proof that it would work. Fomo is a serious problem because my brain would keep telling me that I need to jump on to that opportunity now, otherwise it's gone and I will be left behind. This was of course completely false and I should know better, but it's hard to resist such constant thinking. I am not really sure if got better to control my thoughts over the years or if I only grew out of the phase. Becoming older also means to become more relaxed and don't get irritated too quickly. So, at least for me there wasn't a cure that changed my behavior overnight. My recommendation would be to keep reminding yourself of the problem of FOMO and keep checking your behavior, to not give in to these sudden thoughts. Something that has helped me too was to focus on a more long term goal and not be to short term sighted.

[red4slash]

The importance of self-control in trading, cannot be over emphasized. It is the antidote for a range of emotions like the fear of missing out and greed which are very strong emotions that entices every trader. Those who succumb to it lure suffer its negative consequences.

When a newbie and a professional trader controls themselves, they are able to resist the temptation letting the fear of missing out dictate their action. Stay with your strategies as it will prevent potential losses that arise from excessive risk-taking.

Apart from money management, emotional management and risk management are fundamental to trading. We can trade with passionate emotions, but the results will also be risky compared to when we trade calmly. Moreover, we do something because of FOMO, it is absolutely not recommended in this trade. If so, we are relying on luck and what is closely related to luck is gambling.

It is better to do things for ourselves, meaning that whatever we do is based on what we see from the analysis. Even if we are wrong in analyzing it becomes an experience and lesson that can make us better in the future.

[xSkylarx]

Controlling emotions and having proper knowledge. The biggest reason why you impulsively follow FOMO is that you can't control your patience and are scared of it without any basis. Only the word or the text that you have read or even if it is really appealing, you need to have your own knowledge to verify it, because it doesn't mean that someone told you about it and you will then follow; it is better to verify it first. That is why having knowledge on it is also a must.

[Japinat]

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

Trading is always hard and therefore should be learned the hard way. While I naturally have experienced about FOMO, but it was only when I was still a beginner trader. I was actually impulsive and impatient at first. But experience taught me that FOMOing has nothing good to offer but only losses and mistakes. That’s when I started to stick on my trading goal, and become more focused and patient, and never fall into FOMO again.