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.

 

[BeeRoyal13]

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?

That doesn't apply at all when it comes to risking your hard earned money for an investment that is not guaranteed to bring profits i did trading crypto before and yes I gained profits from it but sometimes you lose, I think finding a broker could be better at this point.

 

[Kross]

When one makes it a habit to take time and study every investment opportunity, they would easily overcome FOMO in investments.