"Noob's Guide to Avoiding Crypto Trading FOMO"

[CmpeJlok]

Title: Noob's Guide to Avoiding Crypto Trading FOMO

Hey guys, I'm new to crypto trading and I'm already feeling the FOMO (fear of missing out) when my favorite coins start to moon. I've seen friends and online personalities get in way too deep, only to sell at the wrong time and end up losing a bunch of money. Can anyone share some tips on how to stay calm and avoid making impulsive trading decisions?

 

[__Technik__]

"Lol, been there, done that, got the t-shirt. FOMO is a real killer in crypto, I've made some rash decisions in the past only to watch the rug get pulled. Set clear goals, do your research, and stick to a solid strategy, trust me it's worth it."

 

[Zanzibarsky]

"Preach, OP! I've been there too, getting caught up in FOMO and making impulsive trades. Setting clear goals and sticking to a strategy (or not trading at all when emotions run high) has saved me from some costly mistakes"

 

[Trank]

Thoughts on strategies?

 

[Delira]

Discussion: latest news

 

[dekstar]

Discussion: best practices

 

[cronix]

"Lol FOMO's the worst, I feel you OP. Setting a budget and sticking to it helped me a lot, don't get me wrong I still get tempted but now I'm more chill about it. Has anyone else tried using a trading journal to track their emotions and decisions?"

 

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