Crypto GlossaryFOMO
FOMO
Fear Of Missing Out is often driven by a sense of urgency or pressure to act quickly, as the trader believes that they may miss out on a significant market move or profitable trade if they do not act immediately. The fear of missing out can be especially strong during times of high market volatility or rapid price movements.
Traders can manage their fear of missing out by developing a trading plan with clear entry and exit criteria, using stop-loss orders to limit potential losses, and avoiding the temptation to chase after market moves.
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