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

[Distinctin]

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.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

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[Hamphser]

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.

Newcomers indeed into those people who had been first time on this market on which they arent aware on whats the default movements or behavior on which they would really be likely be that getting Fomo'ed.

This is why on the time that they would be experiencing those things then this is the moment that they would really be able to realize that it was never been that too easy on dealing up with this space.
Those early assumptions and expectations that they could be able to handle themselves easily within this market would vanished and would really be ending up to be totally changed and would
act accordingly on whats the reality. Even myself or most noobs do have this kind of early belief on which they do saw that it was really just that too easy on making money
within the market but on the time that they do set their foot into this space then it would really be a different story.

[Silberman]

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.

You are right but it is necessary newbies learn this lesson as soon as possible, and this is because the longer they take to learn it the greater the chances they will make a mistake during that period of time, also the mistakes that newbies make are way bigger than the ones they can make once they get more experience under their belt, however many newbies refuse to do so or they learn from dubious sources, so by the time they learn those lessons the losses they have accumulated over the years are almost impossible to overcome.

[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.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

it will be done slowly. maybe after novice traders start to get trapped and experience losses because they follow their ambition to make a profit.
Maybe every novice trader also does something similar. Even every professional trader today may also make mistakes when they start trading.
I can call it the experience of a trader's journey to become greater. but it all depends on the trader's ability to make decisions after what they experience in trading.

[stomachgrowls]

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.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

it will be done slowly. maybe after novice traders start to get trapped and experience losses because they follow their ambition to make a profit.
Maybe every novice trader also does something similar. Even every professional trader today may also make mistakes when they start trading.
I can call it the experience of a trader's journey to become greater. but it all depends on the trader's ability to make decisions after what they experience in trading.

Mistakes are inevitable no matter how pro or noob you are on trading on which it is something inevitable.The main difference here only is about on to those pros who do really able to know on what they should gonna do on

the time that they would be experience such situation and since they are experienced and knowledgeable then they do know on what they would gonna do unlike into those noobs who would really be just simply freaking out
because of the negative that they had able to get or experience. Although these results or outcomes would really be added up on overall experience which it would really be making you even more better as time passing by.
It is really just that a matter of time for you to be able to enhanced and will really become that professional as you do engage even more with the market.It all matters on how you do sustain this market.

If you do keep losing, then try to reassess on whats matter with your strategy or simply its just a trial and error thingy. It is really just that hard though and not something that could really be achieved
in short time.This is why it would really be that wise that you should really be that trying out to adapt on whatever situations that you do able to face so that next time you do already know
on what to do.

[TheSpiral]

If you are a part of trading then you will take decision emotionally and on the other hand if you are a part of investment and have idea to deal according to the market conditions then you will have control on your feelings.

Trading put pressure on a person therefore he prefer to take fast outcomes but if you realize the market and properties of bitcoin then you will keep your bitcoin under harsh condition without thinking about loss.

at start thoughts will be based on emotions because a person is not experienced but as he learn so he will also minimize the interference of emotions in deciding something about successful coming days.

[goaldigger]

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 normal, what you can do is to set-up your target and commit on that because if you are too emotional then you might continue to experience this especially if there’s a lot of hype and fud in the market. Learn the process, understand the concept and be more confident with your strategy, this is the only way to battle the emotion to stay realistic and focus on what you have the control and that is to buy and sell at the right time.

[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.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

It's true that everyone involved in crypto trading at first is often trapped in a FOMO state, that is, they follow the ongoing hype. And there is a feeling of fear of being left behind, the price will rise high if you don't rush in. Yes, this is clearly a behavior that we usually encounter among beginners. But even experienced traders sometimes follow the hype to make quick profits. It's just that they don't enter with a feeling of FOMO. But they entered with a mature strategy that they had prepared to face the hype market situation. They usually come in even before the news becomes loud. And they came out when the hype was at its peak.

Every beginner has faced a FOMO situation. And they have to learn from this experience so they don't fall into FOMO again.

[2double0]

There are some conditions to be met before I open a live trade (can't reveal them). But I go for limit trades to save myself from too much of depression, stress and anxiety that happens when you trade live. It is not a FOMO necessarily to get into a trade if we have taken a calculated risk with everything pre-planned about it. If you have issues getting in a trade due to FOMO, I can only suggest you to go somewhere and forget about the trade (I mean don't open a trade), try to divert your mind to something else.

[shinratensei_]

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.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

even veteran traders also sometime can't avoid getting lured into FOMO, sometime its just too tempting like you see some people are making instant profit of thousand of dollars with mere investment of measly few bucks will you not tempted by that fact that the ones that make profit could very well be you?
thats the thing with FOMO, everyone could get lured by it, it just depends on how prospective the FOMO seemed to be.
so if someone fall into FOMO i don't really blame them, after all they might be looking for opportunity and they thing they have made best decision and logical decesion at that, yet turns out that was massive disappointment.

[blockman]

It's more about you not us. So what I do when I think that this is the time to buy, I do it as long as I've got money ready. And talking about patience, it's learned through the process. When you've been in this market for years, you get to understand what I am saying about being patient because you have gone through several bear markets and unexpected dumps. With those, your patience has been leveling up and no one can stop you from having that thought of yours that if the market is so bad then it will eventually get up and become better later. FOMO is underrated, sometimes we tend to think that people do that because they're new but even the experienced folks, we're also doing FOMO. Control yourself and have a set of plans that you're going to follow, really going to be followed by you. You may not permanently change at all or you're just going to do that temporarily but you'll notice those changes.

[CarnagexD]

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.

--

it will be done slowly. maybe after novice traders start to get trapped and experience losses because they follow their ambition to make a profit.
Maybe every novice trader also does something similar. Even every professional trader today may also make mistakes when they start trading.
I can call it the experience of a trader's journey to become greater. but it all depends on the trader's ability to make decisions after what they experience in trading.

It happened to me almost at the beginning of my trading. I'm still a beginner trader and still adjusting to it. It is just like you know where the price is likely to go, you know when to make a move. You know what session to buy, but then... I entered an unnecessary trade. My wins are also being taken by my small losses considered as human error caused by my impatience, greed, or boredom.

What I would suggest is to have a constant review of your behavior and work towards your negative notes little by little. Don't overwhelm yourself. Another is to have a life outside trading. Don't rely too much on your profit for your living or else you will carry a lot of pressure on your back.

[milewilda]

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.

--

it will be done slowly. maybe after novice traders start to get trapped and experience losses because they follow their ambition to make a profit.
Maybe every novice trader also does something similar. Even every professional trader today may also make mistakes when they start trading.
I can call it the experience of a trader's journey to become greater. but it all depends on the trader's ability to make decisions after what they experience in trading.

It happened to me almost at the beginning of my trading. I'm still a beginner trader and still adjusting to it. It is just like you know where the price is likely to go, you know when to make a move. You know what session to buy, but then... I entered an unnecessary trade. My wins are also being taken by my small losses considered as human error caused by my impatience, greed, or boredom.

What I would suggest is to have a constant review of your behavior and work towards your negative notes little by little. Don't overwhelm yourself. Another is to have a life outside trading. Don't rely too much on your profit for your living or else you will carry a lot of pressure on your back.

Mistakes or errors are really that the stepping stones to make yourself that better which it isnt something that would really be limited just with trading but also in other things as well on which you would really be that able to apply on whatever things that you are dealing specially if you are really that a complete newbie where mistakes is really that common and something that would really be that the main challenge that you would really be that needing to adjust accordingly basing up on the things that you do encounter. It would really be just that common sense that you would really be adjusting out basing on what you had faced on. You wont really be that
that so dumb not to make out some adjustments if ever you are already that aware on the condition or situation. Speaking about unpredictable markets then we know that this crypto space is really that totally having that volatility and unpredictability which is really that more than into those typical investments and markets that we do encounter.This is why having that emotion and mind control would really be that necessary for you to
be able to sustain yourself at least into this space. FOMO and FUD are the main things that you would really be able to meet up along the way.

[Finestream]

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 normal, what you can do is to set-up your target and commit on that because if you are too emotional then you might continue to experience this especially if there’s a lot of hype and fud in the market. Learn the process, understand the concept and be more confident with your strategy, this is the only way to battle the emotion to stay realistic and focus on what you have the control and that is to buy and sell at the right time.

Focus on your goal and never trade if you have unstable emotions. That way, you can prevent yourself from falling into FOMO or any fud that will definitely ruin your trades. Also, when trading always be open with initial losses because that’s that nature of trading, but when you gained years of experience, that’s the time that you can control your losses and start maximizing your gains.

[lienfaye]

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 need to control and discipline yourself because if you can't, then you'll get used to it. Experiencing to lose your money due to wrong decision can also serve as an eye opener to you. It is also one of the reason to be careful not to repeat the same mistakes again. Therefore you'll avoid doing things that led to losing your money just like what happened before.

Anyway, it's normal to be influence of FOMO especially the newbies in trading. But if you have plan and don't want to lose your funds, this can't affect your decision since you're careful and aware of the risk.

[xSkylarx]

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 normal, what you can do is to set-up your target and commit on that because if you are too emotional then you might continue to experience this especially if there’s a lot of hype and fud in the market. Learn the process, understand the concept and be more confident with your strategy, this is the only way to battle the emotion to stay realistic and focus on what you have the control and that is to buy and sell at the right time.

Focus on your goal and never trade if you have unstable emotions. That way, you can prevent yourself from falling into FOMO or any fud that will definitely ruin your trades. Also, when trading always be open with initial losses because that’s that nature of trading, but when you gained years of experience, that’s the time that you can control your losses and start maximizing your gains.

This seems easy to say but difficult to do. Finding the root cause should be done like what triggers you to fall into FOMO is it social media? that you've read a post about it? then if it is, then stay away from social media for a couple of hours or a day until your emotions stabilize, don't trade on this time either. If it triggers you while you are planning an entry, then it is better to stop first, let yourself cool down and back again in trading and youll need to again plot your entries and explain why you are taking those entries.

Emotions are our greatest enemy in trading because, apart from strategy our emotions are one reason why we keep losing our trades because we can't control them.

[rozak]

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 need to control and discipline yourself because if you can't, then you'll get used to it. Experiencing to lose your money due to wrong decision can also serve as an eye opener to you. It is also one of the reason to be careful not to repeat the same mistakes again. Therefore you'll avoid doing things that led to losing your money just like what happened before.

Anyway, it's normal to be influence of FOMO especially the newbies in trading. But if you have plan and don't want to lose your funds, this can't affect your decision since you're careful and aware of the risk.

I've also had trouble following FOMO in the past. I am very slow in understanding things, in fact, I have to lose quite a lot until I can finally overcome the problems within myself.
I don't know the reason why I tend to get caught in mistakes that I have actually experienced. I have tried to be careful and tried to be consistent with planning, but to be honest, it all requires a process that is not instant.
it all depends on how they can control themselves.

[Kasabus]

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.

You’re right indeed. Trading requires consistent focus and deep determination to be successful and reach your goal. So if you suddenly change your direction and decide to ride in FOMO instead, it will only ruin your attention and eventually mess up with your trades. At the end of the day, you will realize that your trades are no longer working according to your plan. FUDs and FOMO are among the factors that we should learn to avoid. Otherwise, success will only remain as a dream.

[jostorres]

I've also had trouble following FOMO in the past. I am very slow in understanding things, in fact, I have to lose quite a lot until I can finally overcome the problems within myself.
I don't know the reason why I tend to get caught in mistakes that I have actually experienced. I have tried to be careful and tried to be consistent with planning, but to be honest, it all requires a process that is not instant.
it all depends on how they can control themselves.

We've all been through it, and there is no exception for anyone in this. Anyone who gets into something as a newbie will have to face difficulties initially and then they start learning everything with time and then they start realizing what mistakes they've been making throughout this time. I once lost about $2,000 just because of FOMO, I bought when everyone started selling and the token was dumped very badly and I was left with nothing but dust.

However, the problems and mistakes make us stronger as a person and as a trader as well. The money that we lose will teach us a listen that we will remember for the rest of our lives and that is more valuable than the money itself. We should strive to learn and grow and never give up.

[Vaculin]

Everyone has certainly experienced this. We all became a victim of FOMO especially in our newbies days and it think it’s somewhat hard to avoid especially if we want to grab every opportunity around just to be profitable. And it all turns out that FOMO will only lead us into unexpected losses and missing opportunities that we’re supposed to have. And once we learned our lesson, at least we know already not to fall from FOMO again.