FOMO definition
Definition
Fear of Missing Out, buying due to anxiety about missing profits
FOMO drives impulsive trades during bull runs, amplified by social media; understanding it helps traders avoid overpaying at peaks like Bitcoins 2021 ATH. FOMO Triggers: Social Media Hype: Twitter/X, Reddit pumps. News Events: ETF approvals, celebrity endorsements. Market Metrics: RSI >80, volume spikes. Mitigation: Set buy limits, dollar-cost average, wait 24 hours before FOMO buys.
FOMO drives impulsive trades during bull runs, amplified by social media; understanding it helps traders avoid overpaying at peaks like Bitcoins 2021 ATH. FOMO Triggers: Social Media Hype: Twitter/X, Reddit pumps. News Events: ETF approvals, celebrity endorsements. Market Metrics: RSI >80, volume spikes. Mitigation: Set buy limits, dollar-cost average, wait 24 hours before FOMO buys.
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