FOMO

F O M O

( FEAR OF MISSING OUT )

In this section, we will delve into a well-known concept, its caliber is such that in the English community it has its own acronym: FOMO: Fear Of Missing Out.

This concept refers to that internal feeling that arises when we are faced with the graph, which makes us feel that we are missing out on opportunities, that we are leaving money on the table.
This fear arises in our brain, and it is this emotion that drives us to take action, such as executing a trade.

Therefore, if we take a trade based on an emotion, such as fear, we are making a grave mistake. All the trades we make should be cold, calculated, and based on our trading plan; at the moment we allow our actions to be guided by an emotion like fear, we are taking several steps back in our progress.
FOMO sometimes arises when we are in front of the computer, we know that in a few seconds a news of strong impact will be released, and boom, there it is, we see how the BTCUSDT graph begins to form very large bullish green candles. "This is going to the moon" you think, "I can't miss this, everyone will be buying, come on, I'm going in". You decide to open a trade, the price continues to rise for a few seconds and suddenly starts to fall sharply, you begin to incur losses and get nervous, you see how the price is completely reversing and plummeting. Finally, after great internal suffering, you decide to close with a huge hole in your account.

IN CONCLUSION

"It is better to be out of the market wishing you had entered, than to be in wishing you had not entered"

#FOMO $BTC