📉 FOMO is one of the most common psychological traps that investors fall into. How can it be overcome?
FOMO (Fear of Missing Out) is particularly common in the investment market. When investors see the stock market or a certain Stocks 📈 soaring, it creates a mentality of 'if I don't buy now, I'll miss out on a great opportunity', leading to impulsive trading, often buying at a high point, and ultimately getting stuck 😰.
⚠️ Why is this mentality dangerous?
🚨 ❌ Incorrect timing to enter: When you enter due to FOMO, the price is usually already overheated 🔥, and the risks far outweigh the potential returns 📉.
🚨 ❌ Ignoring fundamentals and technical analysis: Only concerned with the price increase ⬆, while ignoring whether the company value 📊 or the Technical Indicator indicates overbought 📈.
🚨 ❌ Trading without a plan can easily lead to panic selling: Those who enter due to FOMO often lack a plan 📝, and once the stock price falls 📉, it can lead to panic selling, resulting in unnecessary losses 💸.
📉 Case 1: The painful lesson of entering due to FOMO.
🔹 Bitcoin in 2017. $Bitcoin (BTC.CC)$ From $1,000 rising to $19,000💰, many retail investors entered at the peak📈, resulting in the crash in 2018💥, which dropped back to $3,000 at one point, and many FOMO investors lost everything💸.
📈 Case 2: A successful strategy of waiting calmly.
🔹 In 2020, Tesla. $Tesla (TSLA.US)$ ...

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Everyone remember to add positions between 10:30-11:00.
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