How can you avoid FOMO in investing?

[Suba]

In the world of investment, we know the term FOMO or "Fear of Missing Out" which is a feeling of fear of missing a profitable investment moment or opportunity. FOMO will occur when the price of an investment instrument (stock, crypto, etc.) rises. People affected by fomo will immediately buy investment instruments impulsively, in a hurry without doing any analysis and of course they will ignore the risks. So how do you avoid FOMO?

 

[klassicdoll]

I think that you can prevent yourself from acting aggressively out of FOMO by maintaining your interest in your long-term financial objectives. People who have successfully invested based on FOMO often do it on a hunch, and they are unlikely to get that will again.

 

[deucher]

I often have fomo not because I had a bad analysis. My analysis may be correct, but I sold early because I had enough funds, but it's still a pity when the price continues to rise and you realize that you could have earned more

 

[Stardom22]

In my opinion, the investors can avoid the FOMO by taking time and think so critical for taking informed decisions on the jumping onto diligently and well researched investment opportunities out there.