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Top 4 Tips For Dealing With FOMO (Fear Of Missing Out!) 😀 Video

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How to Overcome Fear of Missing Out When Trading. http://www.financial-spread-betting.com/strategies/strategies-tips.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! FOMO - Fear of Missing Out. Nothing is more likely to disturb your peace of mind during roaring bull markets than the sight of your neighbour or pal making a lot of money and seeing them buy some super cool car while you're stuck in a 9-5 job. 'Just take a lot at all these dumb people making money! I'm a lot smarter than them. Why am I not earning more money?'

You’ve undoubtedly experienced the fear of missing out before – dubbed FOMO. This is a big thing for many traders although it has''t really ever been a big issue for me. When you see a stock markets on a bull run or crypto currencies exploding in value how do you deal with that mental aspect of a trader where everyone appears to be making money and you're not. You need to look at it objectively. The worst thing you can do is to succumb to the fear and just buy! That fear of missing out causes people to panic and buy at any price and its for this very same reason that stock prices reach the stratosphere only to come back crashing down. The ones who bought at the top are left holding the bag because they traded from an emotional perspective. How do we cope with this? Make a firm decision. If you missed the initial move just move on and look for other opportunities and be comfortable with that. Secondly, come up with a plan to enter. This stops you from chasing the market. Come with a plan not to miss the next opportunity - do I need to set some alert criteria? , do I need to look at the volume? Lastly, accept the fact that you will miss many trades.

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