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FOMO

by Philip Ernisse

FOMO – short for Fear Of Missing Out. Describes the anxiety a trader feels when it seems he did not buy in before the increase in price or did not sell before the fall. If the increase/fall is still happening while the trader is experiencing FOMO, it can force him to make an irrational decision.

For example, those who bought Bitcoin at 19 000+ USD during the late 2017 bull run were experiencing FOMO.

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