## FOMO ## While searching online articles about trading and reading it, in every article there will be always one common word when the author starts to talk about loss in trading. That is FOMO I bet many of you don't have any idea about what FOMO means, FOMO means fear of missing out. Now, what does it means It is simple, suppose one coin is making a dip. You know it and that coin has strong fundamentals. The coin makes a dip and starts to move high, you know that it will make some high values. In this situation, your mind comes into play, it says what if it happens it now on this uptrend? What if I get missed out while others accumulate much? Now I don't have any $$to buy but if I have now around $1000 I would have brought and get profit. You find you are missing the chance and you will end up doing some stupid acts. This is Fomo. In another hand, Fomo also means things not happening in the right way as you have predicted. Suppose, you brought some coin with your all saving and the market starts to go down. Now, you get into Fomo. Also, FOMO can be taken as a state of mind where we start to imagine an exaggerated situation in the worst side in the coming future. To correct it we act and fall into the trap that too is Fomo. From can have many faces, but overall it is fear originated by the situation that is going against our positions. And our mind sees more worst in coming days. While personally speaking, I have lost only due to Fomo. When FOMO happens to me I will end up acting insane and laugh out afterwards. I am a human, so FOMO attack is normal and is common. And I haven't figure out any way of getting out of it. If there are some ways to convert FOMO to JOMO, you can suggest me, I will be grateful to you. Thank you, Lawa1988