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

[Viscore]

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.

After i have made some several winnings in my first trades, I think I was better and then all of sudden decide to ride the FOMO and everything fall apart. That’s when I realized that FOMO is just another trap in the market that we should avoid. Otherwise, we will always miss opportunities and never get to success. If you don’t have the knowledge and wisdom when trading, probably you will end up riding the FOMO all the time.

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[Latviand]

When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO?

Yes, although the mistakes didn't cost me a lot so I'm not that mad about my decision.

Has anyone reading this ever found a cure?

I don't think that there's a cure for that, it's a mindset thing and it's different for every person, remember that what works for me doesn't mean that it's going to work for you.

How do you permanently change and naturally be patient?

Trying to change what you are for the better takes a long time, remember that you're breaking a lot of habits that you've been doing for how long you've lived, those habits won't die easily, discipline, resolve and will is going to be your weapon if you are determined to change as a person.

[libert19]

I have jumped impulsively a lot of times, somehow it's been good to me. Once I saw Bao named handle on Twitter, had a look around and instantly invested in it, in couple weeks it gave me 30x (It was somewhere around that), bear in mind it was bulls back then and also don't bother with this token now, I put $600 into their staking and it's like $4 now.

In my life, overall, holding onto coins has done me bad than impulsive jumps.

[tigerwood0432]

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.

you cannot change your personality , but you can change your way of trading .

Put your buy orders , put your sell orders and stop watching the charts . Try to make automated trading.

[tjtonmoy]

Let go of your emotions while trading or learn to control them. It is hard not to get influenced by our emotions while trading, that's why we need to control them. FOMOs will always lead to wrong decisions if you are easily affected by emotions. It is a bit hard to do it but not impossible. Creating some self-rule and sticking to it no matter what will lead you to your desired goals.

First, learn to lose. If losses don't bother you, you won't be affected by emotions. Start low and try your best to make profits by sticking to your strategy. Never make decisions outside your strategy. Win or lose doesn't matter. And trade with money you can afford to lose. This is the best way to control emotion and not get influenced by FOMO.

[dunfida]

Let go of your emotions while trading or learn to control them. It is hard not to get influenced by our emotions while trading, that's why we need to control them. FOMOs will always lead to wrong decisions if you are easily affected by emotions. It is a bit hard to do it but not impossible. Creating some self-rule and sticking to it no matter what will lead you to your desired goals.

First, learn to lose. If losses don't bother you, you won't be affected by emotions. Start low and try your best to make profits by sticking to your strategy. Never make decisions outside your strategy. Win or lose doesn't matter. And trade with money you can afford to lose. This is the best way to control emotion and not get influenced by FOMO.

Easy to say but its really that hard to be done specially when you are really just that starting up on which there's no way that you could really be able to control your emotions on the time that you had decided on dealing

with this market or space on which the volatility is really that on certain extent that you arent expecting to move that way in short time as possible where you cant really be able to compare into out with other markets that you do know and this what really makes interesting. We can really be able to see those long green candles in few seconds and seeing those red ones afterwards. If you arent really that good when it comes to emotion
handling then you would  really be that prone or susceptible when it comes to impulsive decisions which might cause into losses.

Dont make yourself get dragged with some FOMO or FUD or else you would really be that making out mistakes on your trading positions or entries/exit. Well, this isnt something that could be teached into someone
but rather it would really be normally gained on the time that you do have that sufficient experience and engagement on the market by your own.

[Hamza2424]

FOMO is one thing that causes some people to make mistakes while investing in crypto or trading. The remedy is that you should learn to exercise self-control and also do good research about the coin you want to trade. As a trader, you will need to learn how to analyse the market with some tech tools that can give you a predictable movement in the market, although they might not be very accurate but can help. While trading, you must not let your emotions guide you, but make sure you process your decisions very well before putting them into action.

Well most of the FOMO is faced by the long-term investors because they mostly wait for the cheap shopping and whenever they see the market sentiments are being manipulated and they can really miss this price point they suddenly force themself to the market and this is where most of them lose, for the regular traders the FOMO can be termed as a hyped opportunity where mostly people use to follow and take instant trades in the most volatile pair to generate profits in the future market, this is where they lose.

In simple words, we can classify he FOMO for investors and traders. A trader needs to be more careful with risk management and FOMO while trading because on the investor end it can be handled.

[goinmerry]

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.

Being under FOMO is just a typical thing to experience here in crypto. It's normal.

Not totally wrong to have a mindset and behavior like that as long as you know how to deal with the risks and you really understand what you are up to. How long have you been in crypto now? Experience will teach how to deal with FOMO and ways to manage it along the way. Others considered that emotion as a disadvantage when in fact, it can be an advantage if practiced right especially for experienced crypto-traders.

How to become patient? As I mentioned, experience is the key. Just build experience and later on, you will used to getting along with it. You don't need to rush everything. Just ride the wave as much as you can. On the way while you are in progress, you will automatically know what's the best thing to do depending on the market situation.

[Questat]

News is very influential and many people make wrong decisions from it. I understand why it happens because that is what happened to me before I learned how to control myself, honestly, it was really hard. Perhaps it was a big challenge for most because even old traders had sometimes gotten in trouble. This is why it was not easy to become a successful trader because it was not just all about strategies and plans, but also it requires controlling our emotions from these FOMO and fake news.

[Dr.Bitcoin_Strange]

Well most of the FOMO is faced by the long-term investors because they mostly wait for the cheap shopping and whenever they see the market sentiments are being manipulated and they can really miss this price point they suddenly force themself to the market and this is where most of them lose, for the regular traders the FOMO can be termed as a hyped opportunity where mostly people use to follow and take instant trades in the most volatile pair to generate profits in the future market, this is where they lose.

In simple words, we can classify he FOMO for investors and traders. A trader needs to be more careful with risk management and FOMO while trading because on the investor end it can be handled.

You are right, you know, sometimes ago, there was this coin that was about to be listed on Binance exchange, but before they would list that coin, they decided to do a launch pad, and I had staked some fiatfor 30 days in order to receive that coin, but after the staking period was over and it was just a day for the coin to be listed, I decided to buy a lot of those coins because of the news that was released. According to the news, as soon as Binance lists the coin, it will spike from $2 to $10 and above. Mahn, this  coin got listed at $2, but it was only able to reach $3–$4, although after some months, it still got to $8 and I sold earlier before then. Things never happened the way it was described on the news. Meanwhile, I just had some FOMO with that coin. I even felt that if the coin could give me x100 of my investment, then It's good, but I was disappointed. That is why I said FOMO can mislead some investors, mostly newbies.

[darewaller]

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.

It's okay to FOMO that way but the FOMO that the OP is talkin about seems not right, and there must be a major reason for it to happen. It is still better to stick on our promise even if what we get in the end is a loss. If not, and we are right with out decisions, we can gain a lot of benefits.

Even if we use a bot, I think it is still possible for us to get involved in a FOMO, unless if we already ran the bot before, and we haven't go back yet in the market nor watch a news because that can trigger us to FOMO. Thinking about our investment is fine because what if we forgot them? What is only wrong is when you over think them. We need to distract our selves in other things in order to avoid it.

[Russlenat]

When you start to fall on FOMO and experience losses after, that’s the time that you want to avoid falling on FOMO in the future and just be more patient so you can focus on your goal. However, it takes years to learn to adjust in the market and not easily fall on FUDs and FOMOs, and when you become certain with your trading goals and decisions, probably changing to be a good and reliable trader is more possible.

[el kaka22]

I usually jump in anytime I get any money at all, it is not really that much of a shocking thing about me. I do not FOMO additionally, I am naturally at FOMO state for bitcoin at all times anyway. This means that I get to end up investing into bitcoin whenever I have the money for it and do not make any FOMO about it.

This isn't really impulsive though, it is really just how I am and that is how I am going to stay for a long time as well. I get that it is not going to be something that would be different on the long run, but it is definitely something that will be possible to just enjoy. That doesn't mean that we are going to end up with anything that would be tough to sell, it is just what it is and I am fine with it.

[Hamphser]

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.

It's okay to FOMO that way but the FOMO that the OP is talkin about seems not right, and there must be a major reason for it to happen. It is still better to stick on our promise even if what we get in the end is a loss. If not, and we are right with out decisions, we can gain a lot of benefits.

Even if we use a bot, I think it is still possible for us to get involved in a FOMO, unless if we already ran the bot before, and we haven't go back yet in the market nor watch a news because that can trigger us to FOMO. Thinking about our investment is fine because what if we forgot them? What is only wrong is when you over think them. We need to distract our selves in other things in order to avoid it.

I never ever consider FOMO to be a good thing on which you are buying the prices are mooning on which i do really suggest the other way around on which trying out to chase the bottom but of course it would really

be having its cons too on which we should really be that mindful or be careful on how to deal up with things because one mistake or decision then you might be ending up on negative on which not all people would really be having that kind of level of control when it comes into their emotions on which it might really be leading up into those impulsive decisions which might cause into more deeper problems on which this is something that should really be that avoided in the first place.Dont make yourself get dragged on the time that there's FOMO but if we do speak about Bitcoin then having the plans on accumulation then
it wont really be that an issue whether you are really that getting in late or on peak since you are really that holding for long term.

[Rengga Jati]

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.

Sometimes, a person needs various experiences to be at the current stage. Whether it is the experience of other people or yourself, it will certainly have a greater impact. In this case, I personally have experienced it, trying to get in on the hype and even following the FOMO of the time, the FOMO of a particular coin launchpad. and always end up losing. From this experience, my confidence in investing in Bitcoin finally grew bigger. Because Bitcoin is indeed the most worth it investment so far, if we have the patience to do it. Because, patience is one of the keys in holding Bitcoin, especially during this bearish season.

[Johnyz]

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.

This will happen if you don’t have the strategy toward the market.
Though I’ve also experienced this when I’m just starting in the market and I agree that FOMO will just lead you to another losses so in order for you to prevent this from happening, always make sure that you have your strategies, you know how to analyze the trend and know when to take profit at all.

[tvplus006]

... Has anyone reading this ever found a cure? How do you permanently change and naturally be patient?  

When you realize that the cryptocurrency market will provide you with an unlimited number of opportunities to make a profit, you will stop regretting the lost profits. And if you did not have time to buy a coin at a low price, you do not need to buy it when its price has already increased significantly. Wait for the next opportunity.

[irhact]

Sometimes, a person needs various experiences to be at the current stage. Whether it is the experience of other people or yourself, it will certainly have a greater impact. In this case, I personally have experienced it, trying to get in on the hype and even following the FOMO of the time, the FOMO of a particular coin launchpad. and always end up losing. From this experience, my confidence in investing in Bitcoin finally grew bigger. Because Bitcoin is indeed the most worth it investment so far, if we have the patience to do it. Because, patience is one of the keys in holding Bitcoin, especially during this bearish season.

Any individual that wants to invest into Bitcoin needs to have patience because it's very important to have it. Patience means you won't be worried about how the market is moving because you believe in the future the price of Bitcoin will be profitable for you to sell and when you have patience with your investment, you'll be among the investors that'll make profits when the bull market returns. If you have patience, you won't fomo like other investors.

Fomo is only for those that doesn't understand how the market works, whenever the market rises, it'll follow with a correction and if you are observant this always happens therefore there's no point in rushing to buy when the price of Bitcoin is rising because it'll fall again.

[Silberman]

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.

This is a process and like any skill it is learned over time, if you are jumping into the market out of FOMO this means that you are not really confident on your skills as a trader, as you are letting the market to influence you very easily, and the best way to counter this tendency is very simple, you need to improve your skills as a trader, as such you need to read as much as you can about trading, paper trade the markets and refine your strategy, and if you do this for long enough then you will eventually lose the desire to jump on the first coin pumping you see.

[AmoreJaz]

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.

This is a process and like any skill it is learned over time, if you are jumping into the market out of FOMO this means that you are not really confident on your skills as a trader, as you are letting the market to influence you very easily, and the best way to counter this tendency is very simple, you need to improve your skills as a trader, as such you need to read as much as you can about trading, paper trade the markets and refine your strategy, and if you do this for long enough then you will eventually lose the desire to jump on the first coin pumping you see.

such attitude can be found mostly in newcomers in this market. as they have the notion that they can easily get profits from this market, being impatient is one of their mistakes here. but throughout the years, as you gain more experience, you will have more insights on what to do and not what to do in this market. reading, actual trading will help you gain more knowledge on what to do with your trading activities.
also, thru time, you will have better grasp about new projects and how they will possibly perform in the trading market.