Why do you "FOMO"?

FOMO

Fear Of Missing Out is a proprietary term in the currency circle, which means that the people next to you are " successfully" making good money and making good money, while you are waiting in place, so you are afraid of missing this opportunity and join as soon as possible. The key word is one after another. If what Shuang earns is just an accident, I believe you will only say: He is so lucky! But if the people around you continue to make good money, you will wonder if you are missing something? And there are more and more rumors of Shuangzhuan, and when you get closer and closer, it will deepen this feeling of missing out, and finally form a sense of FOMO.

buy high sell low

Anyone who has bought stocks must know that to make money, you have to buy low and sell high, but why do most people still buy at the high point and sell at the low point?

This is actually a manifestation of the FOMO sentiment, especially those who often pay attention to the stock market news or the teachers of the financial channel. When it went up, when my friend Lao Wang and even the next-door neighbor made money from the stock market, they finally couldn't help but end up. They just ended up buying at a high point and being cut as leeks. In the same way, when the market reverses, there are many doomsday doctors who come out to sing the bad news of the stock market, lose less for the sake of winning, keep the money for safety, and keep the green hills out of fear of no firewood. In the end, you sell at a low point, Reincarnated as leek seedlings .

Ways to Avoid FOMO

First of all, think about it, is there really only it, only this point in time? Most of the time, after a little thought, you know the answer is no. At present, NFTs are hot, and I often hear that someone bought NFTs and transferred several ethers (currently one ether is about 4,000 US dollars, about 110,000 Taiwan dollars), the original 0.08 ether of the boring monkey club (BYAC) floor The price is 51.9 ether (about 6 million), which is quite crazy, but is only this NFT worth it? Don't have a plan for the next run up? I don't think so. There are always talented people in the country!

Second, stay away from FOMO emotional sources and recognize that "some money (assets) does not belong to you until you have the corresponding knowledge." Recently, Dr. Bao's podcast has been talking about how awesome NFTs are. I heard a bit of FOMO. There was even a Taiwanese Texas Hold'em master who made a FOMODog, which sold out instantly. Now the floor price is 19 ether, which is really what. ...

I really can't understand where the value is. It may be that my knowledge reserve is insufficient. If I realize that I really don't understand it, I shouldn't need it for the time being, and I will reduce FOMO a little!

Of course, that floor price is much higher than my ceiling, which is also the reason why I stop FOMO, because no matter how FOMO I can only bark on the ground like DOG. It's better to spend time thinking about why, why and how he achieved such a floor price. When I understand, maybe I will have the opportunity (or the courage) to pursue it.

After reading this, do you have any FOMO?