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How I used Volume Spread Analysis to avoid FOMO trading!As a trader, I often battle with the fear of missing out (FOMO), a common pitfall among traders that can lead to impulsive, unprofitable trades. After reviewing my journal, I determined that chasing breakouts was costing me a significant portion of my account, so I studied Volume Spread Analysis (VSA) to help me reduce my urges. Here is how is used VSA to avoid FOMOing a trade. Before we get started, let's clarify two definitions: Volume: Measures the number of times buyers and sellers exchange 1 unit of an asset at an agreed-upon price. It doesn't inherently indicate whether a trend is bullish or bearish, but rather that a trade has occurred. Low volume suggests that few transactions have taken place because buyers and sellers couldn't agree on price. High volume suggests that buyers OR sellers felt they were getting a bargain at the current price, leading to many transactions. Spread/Range: The difference between the high and low of a candlestick. A narrow spread indicates little variance between what someone is willing to buy for and what someone is willing to sell for. A wide spread suggests that buyers and sellers have significantly different ideas of what the fair price is. In short, Volume Spread Analysis (VSA) interprets the relationship between trading volume and candle spread. When volume and spread agree, they are considered harmonious, and the trend will probably continue. If volume and spread disagree, there is a divergence, and the trend may be weak or could even reverse. In general, there are three main harmonious conditions: Narrowing spread should have narrowing volume. Average spread should have average volume. Widening spread should have widening volume. I spotted a bear flag consolidation on QQQ and decided I would trade the breakout to the downside. I took a break and came back to the chart just after the breakdown had occurred, missing my ideal entry. The candle spread was widening and my first thought was "I have to get in! This thing is free falling!" PAUSE! I reminded myself that I cant make every dollar in the market. If I miss this trade, there will always be another. "Be patient and wait for the market to come back to you." This is the chart after the initial break. What can we observe? QQQ broke the low of day with high volume and a widening red candle. Based on our definitions from earlier, we know that high volume means that buyers or sellers think they are getting a bargain so they are willing to transact as much as they can at current price. Given that price is falling, we can assume that the volume is due to aggressive selling. We remain patient and continue to watch for something to trade against. Next, we see a narrower range candle with a long lower shadow and above average volume. By definition, strong volume with a narrow range is a possible divergence. We know that narrow range candles mean that buyers and sellers generally agree on current price, but why would it close near the highs if the selling was so aggressive? Given that there is a long lower shadow and then a bullish candle close, we can infer that sellers were not willing to sell below $467.89. The buyers absorbed the selling at those prices. Fast forwarding, we notice that the volume and candle size has shrunk back to the average meaning buyers and sellers are in agreeance. The number of people willing to transact is decreasing. We also notice that a small range has formed. Buyers have not stepped in to buy above the previous low of day at $469.35 and the sellers have shown no effort to get back below $467.89. Now we have something to trade against instead of FOMOing in! We will look for a break of this range with increased volume. On the next candle we see bulls break out of the range with aggressive volume and a wide spread candle. Something of note is that the volume on this bull candle is less that the volume of our initial sell candle. If those sellers were still present, wouldn't they be selling at these higher prices and forcing the candle range to be narrow? This shows us that bulls are now in control and the selling from earlier was just a hoax. As we can see, the rest is history. If I FOMOed into the short as I had planned, this trade would have resulted in a loss. Being patient allowed me to realize that there was nothing to miss out on and actually allowed me to find a better trade. Key Notes Always journal your trades and review them Never FOMO into a trade. Be patient and wait for the trade to come to you! You dont need to take every trade to make money in the market. It is okay to miss a trade if it means protecting your account. Volume spread analysis is not 100%, but it can be useful in determining the strength of a trend.
NASDAQ:QQQEducation
by Decam9
31
Understanding FOMO in Trading and How to Overcome ItHey there, Traders! Have you ever wished you had jumped back to 2010 when BTC was just $0.0025 per coin? That little $100 investment could have made you a billionaire today, right? Breathe deeply! Come with me. Breathe in, breathe out. That feeling, which gnaws at you for not acting sooner, is known as FOMO. But what exactly is FOMO? And more importantly, how can you manage it? Let’s dive into the psychology behind FOMO.  What is FOMO in Crypto? What does FOMO mean?FOMO, or Fear of Missing Out, is that nagging feeling that you’ve missed a lucrative opportunity—like a great cryptocurrency trade or investment. FOMO often drives traders to make impulsive decisions in the crypto world, fearing they’ll miss the next big thing. This urgency can lead to hasty, emotion-driven trades, where fundamental analysis and risk management principles are tossed aside.  Simply put, FOMO is about deviating from a well-thought-out strategy and letting emotions take the wheel. Acting on FOMO can typically lead to regrettable outcomes, where decisions made in the heat of the moment don't pan out as expected. Real-World FOMO Examples in Trading Bitcoin’s 2017 Bull Run: Remember when Bitcoin surged to nearly $20,000 per 1 BTC? Many new investors jumped in, driven by FOMO, only to face significant losses when the market crashed soon after.  ICO Mania of 2017-2018: The ICO boom was another FOMO-driven frenzy. Investors poured money into new projects inspired by the success stories of early adopters in projects like Ethereum. Unfortunately, many of these ICOs failed, leaving FOMO investors in the lurch. Meme Coins like Dogecoin: Dogecoin's (DOGE) viral rise in 2021, fueled by social media and celebrity endorsements, saw many investors diving in, hoping to catch the next Bitcoin. Market Volatility: FOMO also strikes during rapid market movements—whether it’s a sudden price drop or surge. Investors, driven by fear of missing out on gains or avoiding losses, make rash buy or sell decisions. DeFi Craze: The DeFi boom saw investors scrambling to get a piece of the action, often without fully understanding the risks. Many were lured by promises of high returns, only to suffer losses when projects were underdelivered. What Triggers FOMO in the Crypto Market? – Social Media: Social media platforms are breeding grounds for FOMO, amplifying the urgency to act through viral trends and echo chambers. Influencers and celebrities sharing their success stories create a fear of missing out on easy profits, pushing investors to make impulsive decisions. – News and Rumors: Market sentiment can shift rapidly based on news and rumors, especially when major investments or regulatory changes are involved. A rumor about a big tech company accepting Bitcoin, for example, can spark a buying frenzy, driven by FOMO. However, it's crucial to distinguish between reliable information and misleading rumors that can lead to poor investment decisions. – Market Volatility: The crypto market's inherent volatility makes it ripe for FOMO. Sudden price spikes or drops can create a sense of urgency, prompting investors to act without thorough analysis. Effective risk management and diversification can help mitigate the risks associated with FOMO-driven decisions. – Winning or Losing Streaks: Personal trading experiences also contribute to FOMO. After a series of successful trades, traders might feel invincible, leading them to take on more risk. Conversely, after losses, the pressure to recover can drive rash investments. Understanding this psychological trap can help maintain discipline and avoid costly mistakes. FOMO vs. FUD: Two Sides of the Same Coin While FOMO is driven by the fear of missing out on gains, FUD (Fear, Uncertainty, and Doubt) stems from fear of potential losses. Both emotions can cloud judgment and lead to irrational trading decisions. FOMO can cause investors to buy at the top, while FUD might prompt panic selling. Recognizing these emotions and their triggers is key to developing a more rational, strategic approach to trading. How to Get Over FOMO in Trading? Create a Solid Trading Plan: A well-defined trading plan is your best defense against FOMO. Set straightforward entry and exit criteria, along with stop-loss and take-profit levels. This structure helps you stay on course, even when emotions try to steer you off track. Diversify Your Portfolio: Proper portfolio diversification is crucial in managing risk, especially in the volatile crypto market. Spread your investments across different asset classes and regularly rebalance your portfolio to align with your long-term strategy. This approach reduces the impact of FOMO on any single asset. Do Your Own Research (DYOR): Thorough research rather than hype is essential. Analyze market trends, understand macroeconomic factors, and stay informed about regulatory changes. Understand Market Cycles: Recognizing the market's cyclical nature can help you avoid impulsive decisions. Instead of chasing every price surge, assess where the market is in its cycle and adjust your strategy accordingly. Keeping a long-term perspective is often more beneficial than reacting to short-term fluctuations. Strengthen Your Trading Psychology: Managing your emotions is vital in trading. Techniques like meditation, regular exercise, and setting boundaries between work and personal life can enhance your psychological resilience. You can maintain a disciplined, strategic approach by separating emotions from trading decisions, even in volatile markets. Conclusion Oh, a new emotion…crypto FOMO is more than just an emotion! It's a powerful force that can lead to rash decisions and significant financial consequences. But remember, you are the captain! In the fast-paced world of cryptocurrencies, where opportunities seem endless, and change is constant, the best way to combat FOMO is through education and disciplined trading practices. Remember, the more you know, the less you’ll fear missing out.
CRYPTO:BTCUSD
by WhiteBIT
Bitcoin (BTC) in Critical Consolidation PhaseMarket Observations: Despite good news and rising equities, CRYPTOCAP:BTC is consolidating and moving sideways, which isn't a strong sign for bulls. Key Levels to Watch: Support Level: $60,000 – This level must hold, or BTC could move towards the downside. Breakout Level: $62,500 – A clean break above this level would demolish the bear thesis and likely trigger long FOMO in the markets. Current Market Range: BTC is still in a massive range, similar to summer 2023. If the fractal pattern follows, this accumulation phase could continue for another 35 days. Market Outlook: Stay cautious as BTC consolidates, and keep an eye on the key levels that could determine the next major move. #Bitcoin #BTC #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #SupportAndResistance #Consolidation #FOMO #Fractal #Accumulation
by Richtv_official
Bitcoin - The Marco MazeHistory doesn't necessarily have to repeat! I see a lot of history based derivation for the timelines and price as to when and how high or low bitcoin can sore. As exciting and adrenaline pumping as these ideas seem, the outcome will just be as good as any coin toss! The truth however is the "macro maze" above. I've taken sensible assumptions to derive on the timelines and humanly possibe price floors and ceilings! In this environment sensible assumptions can easily turn out to be the most major blunder, so as I always say, please do your own analysis! How to read the chart? It's quite simple, red is resistance or sell, green is support or buy. The intersections are where Bitcoin's price would likely be attracted to. There is no saying with precision when and where it would be. Kinda of like the Schrödinger's cat, you will only know when it happens. Anyone who says otherwise has a 50/50 chance of being right. Now, are you a trader or a gambler? Stay safe, peace out! Disclaimer: These are not trading signals. Trade at your own risk!
KRAKEN:BTCUSD
by TulpenFieber
Top 3 Tips on How to Avoid FOMO Trading (Fear of Missing Out)Here you are, casually sipping your coffee and watching the clock go by while you wait for the market to open so you can buy a few shares of your new stock pick. Remember, you chose that one after deep research and careful planning. And then “ WHAM! ” Twitter notifications start flying. GameStop (ticker: GME ) is once again rocketing to the moon after some livestream on YouTube unleashes a huge buying spree. “MUST. GET. IN.” — you, probably, after you get your emotions shaken and stirred by something called FOMO. 🔔 What’s FOMO? FOMO is an abbreviation for Fear Of Missing Out. This little four-word phrase can throw your investment rationale, thesis and analysis out the window so it could settle in your prefrontal cortex where your brain goes to make life decisions. In this blog, we’ll talk about that little gremlin FOMO and what steps you can take to prevent it from overriding your emotions and decisions. And for the sake of your time, we’ll keep it short. Let’s go. 💡 Tip 1: Plan Your Trade Plan your trade in advance and don’t sink into the moment. Knowing your entry, take profit and stop loss before you move into your position will eliminate the urge to rush in when things get hot. 🔴 Problem: News Releases, Earnings Reports We all know how intense markets can get when there are news reports coming out. Company data such as earnings reports or some of America's top economic events , such as the widely anticipated nonfarm payrolls , or the Federal Reserve’s market-moving interest rate decisions can spur volatility and cause trading instruments to seesaw and fluctuate in both directions. And because these events are well-known in advance — the Fed only meets eight times a year — these moments can be an attractive invitation to make a profit. 🟢 Solution: Plan your trade and understand that news reports and earnings releases are a double-edge sword and even if the data supports a certain narrative, i.e. lower inflation = higher gold prices, this isn’t always the case. Take a step back, regulate your breathing and keep your emotions in check. Wait it out until the noise tones down. 💡 Tip 2: Avoid Revenge Trading Revenge trading is the trading you do when you want to get back at the market after getting smacked in the face with a loss. Next time you stare at a losing position, notice if you feel the urge to jump right back in and make up what you lost. That's revenge trading. 🔴 Problem: Losses and Missed Opportunities Taking a beating from Mr. Market can be a painful experience. Yet, not taking the loss the right way can lead to even more pain and wiped out funds. Whenever you’re staring at a losing position, you might be tempted to sell out and jump right back in an effort to make back what you lost. 🟢 Solution: Avoid revenge trading. Recognize that pesky feeling, which — whenever you lose money on a trade — makes you want to pare back your losses with one quick trade. That quick trade could be a) more aggressive (for more potential profit), and b) cost you even more money because you’ve been impatient. 💡 Tip 3: Don’t Chase the Pump Any pump usually has a strong pull, because it makes gains look easy. All you need to do is catch the speed train (or get onboard the rocket ship) and, boom, you're in profit. Although, it's not as easy as it looks. 🔴 Problem: Pump and Dump Schemes Quite often we see some little-known stock or a cryptocurrency with a small market capitalization perform some outstanding moves. It may shoot higher by 100% or more and that may trigger some FOMO in you, causing you to panic-buy and then watch your investment evaporate like snow in water. 🟢 Solution: Don’t chase the pump. It’s simple. A pump can play with your decision-making capabilities and cause you to make irrational choices out of the desire to join the volatility train. But many of those pumps end up as dumps. Pump and dump schemes are real — the gains go as quickly as they came and you don’t want any of that. Final Considerations Forming a deep emotional connection with the market isn’t a bad thing. This place is your passion and you’ve chosen to participate in it, together with its ups and down. What you should pay attention to is how you react to its changing moods and whether you behave logically or illogically to get what you want. Acting illogically can lead you to trip up so you want to distinguish that. Use your emotions to get rational inspiration and excitement about what you want to accomplish. 📣 Your Turn! Have you ever tripped up over a FOMO trade that hurt your account? What was your trigger and subsequent result? Let us know in the comment section below!
NYSE:GMEEducation
by TradingView
10
What Does FOMO Mean in Trading?What Does FOMO Mean in Trading? FOMO, or the fear of missing out, is a common emotion that traders experience. It is more than just an internet slang term. This powerful phenomenon can have a negative impact on trading decisions, leading to impulsive actions and poor risk management. This FXOpen article explores the psychology of FOMO, discusses how to identify it in trading, and shares strategies you may use to overcome it. FOMO: What Does It Mean? FOMO meaning in trading can be explained as follows: it is the psychological need for validation and the fear of being left behind. It can stem from various feelings and emotions, including greed, jealousy, and impatience. The Social Proof When traders see others making quick profits or getting on the next big trend, they often feel compelled to jump in as well. From newsworthy events to something as simple as a conversation with another trader, there are many things that can kick off a bout of FOMO. This phenomenon is closely tied to social proof, where people look to others for guidance, especially in uncertain situations. People tend to follow the actions of others to conform to social norms. Traders who give in to FOMO are essentially following the crowd without fully understanding the risks involved. The Fear of Regret The fear of regret is another force behind FOMO. Traders worry that if they miss out on a potentially profitable trade, they’ll regret it later. This fear can cloud their judgement and lead to hasty decisions. It can be amplified by social media and trading forums, where traders may see others boasting about their profits and feel pressure to keep up. It’s important to remember that hindsight bias often magnifies the perception of missed opportunities, making the fear of regret an even more significant driving force behind impulsive trading actions. Real-Life Examples Emotions have influenced market behaviour in many real-life situations. FOMO in the stock market is very typical. For example, during the dot-com bubble of the late 1990s, investors rushed to buy stocks from the technology sector, driving up prices to unsustainable levels. Similarly, during the GameStop short squeeze of 2021, retail traders on Reddit’s Wallstreetbets forum drove up the price of the stock. As a result of this situation, GameStop stock rose nearly 2,000% in less than a month. And then, it all came crashing down, leading to significant losses for some investors. The cryptocurrency* market has witnessed countless FOMO-induced rallies when many invested in highly speculative assets without proper due diligence. A classic example is the sharp rise of Bitcoin in 2017. When the price soared, the fear of missing out on the benefits gripped many, leading to a buying frenzy, and shortly thereafter, prices plummeted. Identifying FOMO in Trading A FOMO trader’s experience looks like this: A trader hears news of astounding profits or very attractive opportunities. Greed and excitement encourage them to buy overpriced assets as much as possible. When the prices fall, fear or even anxiety forces the trader to sell at a loss. The trader becomes impatient, and the cycle repeats. To avoid falling into this trap and losing money on ill-considered purchases and sales, it is essential to understand when FOMO appears in decision-making. This can be done by assessing the key features of behaviour associated with this emotion. Common signs include: Making impulsive trades without proper analysis or risk management. Following the crowd and making decisions based on what others are doing. Feeling anxious or stressed about missing out on opportunities. Overtrading or taking on too much risk in an attempt to catch up. Self-awareness is key to recognising FOMO-driven actions. Traders take the time to reflect on their motivations before making any trading decisions. If you feel like you need to take a “now or never” action, have a break, write down the idea and emotion in a notebook, and try to use techniques to control your emotions. If, after that, the desire to buy or sell the asset remains and can be logically explained, do it. Fear can appear in trading any asset; for example, there is FOMO in forex, in stock trading, FOMO in commodities, and more. It doesn’t apply to only one type of trading. To avoid it, you need to analyse the market thoroughly and plan your actions. This is where the TickTrader platform can help you. There, users can find the most advanced analysis tools and charts free of charge. The Consequences of FOMO Succumbing to FOMO can have significant negative consequences. Traders who act on FOMO may make decisions that are not based on sound analysis, leading to poor performance over time. Let’s consider the main consequences. Traders who act on FOMO tend to make more trades than necessary, resulting in higher transaction costs and increased exposure to market risks. FOMO often leads to neglecting risk management strategies. Traders may avoid setting stop-loss orders or ignore position sizing rules, which can amplify the impact of losses when they occur. FOMO-driven decisions can lead to buying at inflated prices and selling at rock bottom, eroding capital and diminishing confidence. How to Overcome FOMO Now that you know FOMO meaning on the stock and forex market, let’s find out how to deal with it. To overcome FOMO, traders can: Have a well-designed trading plan. Develop a clear and comprehensive trading plan that outlines your strategies, risk tolerance, and position sizing. Avoid making impulsive trades based on social proof or fear of regret. Practise self-awareness and reflect on emotions and motivations before making any trading decisions. Use risk management techniques to limit losses. Set stop-loss orders and limit your position sizes to protect your capital. It’s important to remember that FOMO affects traders of all levels and can be difficult to overcome. However, with practice and discipline, traders can learn to manage their emotions and make more rational decisions. Final Thoughts FOMO is a common emotion that traders experience, but it can have a negative impact on results. The consequences of FOMO emphasise the need for self-reflection. By using risk management techniques, traders can overcome FOMO and make more rational decisions. Remember, trading is a marathon, not a sprint, so you need time, discipline, and consistency. With this knowledge, you can open an FXOpen account and start your journey. And if you want to learn more about the psychology of traders, study our blog. There, we’ve collected everything you need. *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:MSFTEducation
by FXOpen
3
Bitcoin as a global currencyThat was at least how it was envisioned. To be usable as any form of currency, an asset needs to stay within a certain range that's sensible enough to work with. If you buy or sell a Bitcoin today you can almost guarantee that you will regret it the next day, week, month or in some cases almost instantly. So does it make sense as a store of value? Yes in a certain way at least for those who buy it and never sell it, managed to squirrel it away for the most part of the past decade. But what use is it if the profits are never realized? And who is to say it would be worth anything by the time you actually want to sell it? Looking back you notice that there these price ranges that are being traded for months on (almost seemingly forever) and then these price ranges through which it seemingly flies through. What if an asset doesn't just only go up? But also plans to visit it's humble origins? After all the only value bitcoin intrinsically possess is as much as the other person is willing to pay for it. The world as much as it seems to be focused on this for now will eventually move on. But what the heck do I know?!
KRAKEN:BTCUSD
by TulpenFieber
5 Hidden Dangers of Trading with FOMOIn the previous TradingView article we spoke about FOMO (Fear of Missing Out). And why it is really not necessary to deal with. There is always the next trade coming. There is always another opportunity coming your way. There is always time to take the next one. No we are going to unpack the five hidden dangers of trading with FOMO and how to sidestep them like a pro. The Emotional Rollercoaster: Stress & Anxiety Remember when I said. “Trading is not just a financial challenge, but an emotional marathon”? That’s never more true than when FOMO kicks in. When you miss a trade, I know that you could feel stress and anxiety creeping in. You feel like you’ve missed the most important trade of the year. Well guess what, you might have missed one trade – but that’s it. Success is based on 1,000s of trades not just one. So the key is to remember this, so you eradicate the feelings of stress and anxiety next time you miss a trade. The Short-Term Mirage: Losing Sight of Long-Term Goals FOMO pushes you to focus on short-term gains. Yes it’s important to try and spot high probability trades on a daily basis. But, if you miss the trade – just go on and look for another. There is bound to be more ready for you to execute or at least prepare for. And while you’re at it, remember these are lessons to help you to be more punctual and vivid with your trades. Following the Herd: The Danger of Sheep Behaviour Ever heard the saying, “If your friend jumps off a bridge, would you do it too?” That’s FOMO in a nutshell. YOUR job is NOT to take a trade based on what your friend, foe, analyst or stranger tells you to buy or sell. Your job is to either follow your own trading plan and strategy or your mentor’s. Resist the urge to follow the flock and rather, trust your own research, strategy and instincts. You’ll form Bad Habits Each time you give in to FOMO and you take a trade for the sake of it, you’re not just making a bad trade. You’re also cultivating bad habits for the future. And once the bad habit forms, it then cultivates and becomes harder to escape from it. Break the cycle by sticking to your disciplined trading routine. You’re better than that! Ignored analysis When you have that FOMO you want to then take impulse trades. And all your hard work and analyses and discipline is thrown out of the window. It’s like trying to navigate yourself without a map or GPS. And you’re depending on your instincts or your “memory”. It’s a very risky gamble and it could take a LOT longer to find your way. Don’t go against the strategy. Don’t take trades for the sake of it. Don’t have FOMO because you missed one or two trades. Just keep to your strategy and move on. It’s your trading compass for a reason. FINAL WORDS 🚀🌟: Trading with FOMO is like sailing in stormy seas – it’s risky, stressful, and often leads to nowhere good. Let’s go other the 5 danger of trading FOMO Stress & Anxiety: Keep emotions in check and stick to your trading plan. Short-Term Focus: Remember your long-term goals and don’t get distracted by short-lived trends. Sheep Behaviour: Be an independent thinker, not a follower. Bad Habits: Avoid developing harmful trading habits by maintaining discipline. Ignored Analysis: Trust in your research and analysis; they are your best tools for successful trading.
JSE:J200Education
by Timonrosso
When will the growth of Bitcoin end?Now the issue of time is more important than the price, we have less than 2 months from the halving and the price of Bitcoin is 60 thousand dollars.  This strange bull run that eats all the resistances one after another looks like a bull trap before hawing. Now we are witnessing a strong FOMO wave (in the 4-hour time frame, the important resistance of 53,000 to 54,000 is broken and the chart does not pull back, then Bitcoin grows by 11%), this is a sign of the swallowing of newcomers to the market. The most important thing to think about is this Is 60,000 bitcoins suitable for buying by big capitalists (other than micro strategy)?  How about 50 thousand? If your answer is yes, then you don't respect the risk to reward, as a result, this market loves your excitement and will drown you soon. For some time now, the intense greed of the buyers has paid off (thanks God). I am not talking about taking a short position in Bolran, saving profit and enjoying the correction of the market. In terms of time analysis, we are witnessing the last bullish day of bitcoin and we are approaching the correction phase on the general bullish wave. In addition, TOTAL3 (the value of altcoins without Ethereum) has also reached a critical level, we probably have 1 blood month.
Short
by Sadegh_Sh
1
TNXP: Tonix Pharmaceuticals, TIME FOR PROFITS?!? ;)What's up my financial amigos and amigas! Hope all is well. Haven't posted in awhile but thought I'd share this: TNXP. Pharmaceutical company with decent history and negative earnings but continued improvement and growth. Working on approval from FDA after successful phase 3 trial of Fibromyalgia drug (among other projects). Obviously, this is a more risky stock/company (and of course, I do enjoy a good gamble). This could certainly plummet more and/or result in being stuck in longer term position than desired. However, based on prior patterns of "mooning," coupled with my charting projections and current positive "news," I think it's time for at least a 100% pump. We'll see...not financial advise and do your own research (and send me 10% of profits...jk, sort of). Projection: >10 trading days for 50-100+ percent Good luck trading
NASDAQ:TNXP
by TheLuckyNoob
Risk/Reward favors downside shift to risk Off Sentiment.. BTC has reached a crucial point in which candles appear to be failing around 35K. We must consider potential scenarios to begin the new month of November. In One of these scenarios we may anticpate a retracement to capture fomo liquidity. Fomo liquidity is psychological concept in trading that refers to the chasing of price. New Monthly candle retracement for liquidity purposes. Current : 34775 33,372 TP 1 TP 2 30,300 Weekly Level Trade idea Fakeout back below 35K
COINBASE:BTCUSDShort
by ShrewdCatfx
1
Understanding FOMO: A Psychological and Trading PerspectiveWhat is FOMO? FOMO, or the "Fear Of Missing Out," is a pervasive apprehension that others might be having rewarding experiences from which one is absent. This social anxiety is characterized by a desire to stay continually connected with what others are doing. It's rooted in the human instinct to be part of the tribe and not to miss out on opportunities for survival or enjoyment. The Psychology of FOMO Psychologically, FOMO is closely tied to feelings of envy and low self-esteem. It arises from situational or long-term dissatisfaction, where one’s current status feels insufficient compared to others'. Social media has exacerbated this phenomenon, providing constant insight into the highlight reels of others' lives, prompting self-comparison and the fear of not living to the fullest. FOMO in Everyday Life In everyday life, FOMO can manifest in various ways: an unwillingness to commit to social plans, constantly browsing social media, or an inability to disconnect from notifications. It can lead to overcommitment, stress, and ultimately, a paradoxical sense of disconnection and loneliness. FOMO in Trading In the trading world, FOMO takes on a more financially charged significance. It's the fear traders feel when they see a stock or asset skyrocketing and believe they must get in on the action to make quick gains. This fear is often fueled by hearing success stories of others who have profited from market movements. The Impact of FOMO on Trading Decisions FOMO can lead traders to make impulsive decisions, such as: Entering Trades Prematurely: Jumping into positions without proper analysis. Overtrading: Taking excessive trades to not miss out on perceived opportunities. Abandoning Strategy: Ignoring predefined trading plans in pursuit of quick profits. The Consequences of FOMO-Driven Trading Trading under the influence of FOMO can have several negative consequences: Increased Risk: Making larger or more frequent trades than one's risk management strategy allows. Capital Erosion: Quick losses due to poorly thought-out decisions can erode capital. Emotional Turmoil: Stress and anxiety from FOMO can lead to further poor decision-making and a vicious cycle of losses. Combating FOMO in Trading Overcoming FOMO in trading requires discipline and a robust strategy: Adhering to a Trading Plan: Having a clear plan and sticking to it can help negate the impulses that FOMO stirs up. Risk Management: Setting strict risk parameters ensures that FOMO doesn't lead to devastating losses. Emotional Control: Developing an awareness of one’s emotional state and recognizing FOMO as a natural, but controllable, reaction is crucial. Educational Growth: Continual learning can instill confidence in one’s strategy, reducing the tendency to chase the market. Conclusion FOMO is a natural human emotion, but in trading, it can be a dangerous adversary. Awareness and strategy are the keys to ensuring that FOMO does not derail one's trading journey. By acknowledging its presence and adhering to disciplined trading practices, investors can mitigate the risks associated with this emotional response and make more rational, profitable decisions.
BITSTAMP:BTCUSDEducation
by JS_TechTrading
ADA perspective for short - med termThis is not a signal to buy/sell. NFA We see the price nowdays are way harder than usual to analyze, "big boys" wont be easy because of sentiment #etf and #halving2024. They'll and still manipulating the price because they wanna control it. Dont be fanatic or being bullboy, this price has been abnormal hiking without any healthy correction. Better to stay away and dont be FOMO! Or those "big boys" just laughing and enjoying your money. Good luck, Smart Trader!
by Kurozcrypto
Why I Fail At Trading!(Episode 1)A $10 account that Im trying to record my trades on it to figure out my mindset and thinking and what I should do and what I should not do.What are my strenght and weakness and things I know that are wrong todo but I do it anyway due to NOT able to control the emotions What Ive done Wrong: 1 Open a Long position at a bad place 1-I didnt close at 28.3 where I wanted to close if it stalls. 2-After seeing potential to come down to my entry I still holded it What Ive Done Correct: 1-Using SL/TP and planning for the position
Education
by pcmonk
3
Beware of FOMO: Bitcoin's Rollercoaster Ride & Bullish ProspectsToday, Bitcoin experienced a sudden pump, driven by fake news published by Cointelegraph, only to return to its normal price range, surpassing the 30k barrier in the process. 🚀 This led to a frenzy of FOMO-driven buying and, unfortunately, resulted in approximately $100 million in liquidation losses within just an hour. 😬 This serves as a valuable lesson for everyone—never succumb to FOMO and always remember to 'trust but verify.' 🕵️‍♂️ Despite the price returning to its usual range, the overall market sentiment remains decidedly bullish. 🐂 The eagerly anticipated ETF confirmation is poised to further fuel Bitcoin's upward trajectory, marking the missing piece for the 2023-24 bull run. 📈 I anticipate this month will conclude with a significant positive price increase, possibly even surpassing the 30k mark. 📅 Regardless of the ETF's approval status, a crypto bull run is on the horizon. If the ETF faces rejection, we may witness a minor price correction, but it won't derail the bull run. 📉 Stay tuned for more updates. Feel free to like, comment, and follow us! 📣 Cheers, 🥂 GreenCrypto
Long
by GreenCryptoTrades
What is FOMO? Syndrome of lost profit in tradingFOMO is the lost profit syndrome. Now it is especially common due to the popularity of smartphones and social networks. Many are simultaneously afraid of social isolation and worried about lost opportunities. A similar situation is possible in trading. As soon as traders see a bullish trend, they start opening trades and buying those assets that match their analysis. In addition, a lot of information, thoughts and impressions are concentrated around us, which only aggravates the situation. Let's figure out how to deal with such an obsessive fear. The syndrome of lost benefit is a strong fear of missing an important event or a profitable opportunity. This fear is especially pronounced against the background of the bright life of friends and acquaintances. After all, then there is a feeling that you are wasting time in vain. SUVs are directly related to dissatisfaction with personal life, and social networks only increase the unpleasant state. The greater the dissatisfaction, the greater the desire to find others. And the need for new information turns into intrusive thoughts. FOMO is distinguished by the following features: -Frequent fear of missing something important; -Constant use of language turns like "everything but me"; -The desire to delve into all forms of social communication (attend all the parties, go to concerts, etc.); -Obsessive desire to always be liked by others, accept praise and be available for communication; -The need to constantly update the feed on Facebook, Instagram and other social networks. How to get rid of lost profit syndrome? -Constantly responding to messages and checking the crypto rate every 2 minutes, you waste a lot of time. Therefore, you should establish clear rules for using a PC and a smartphone: -remove unnecessary programs and turn off pop-up messages in programs that are not of great importance; -leave groups and unsubscribe from accounts that are not useful to you; -refuse unnecessary e-mails; -check news and stock quotes no more than twice a day (for example, in the morning and in the evening); -do not take your smartphone to bed and do not sit on the Internet before falling asleep; make two separate schedules - for working with personal and business messages. Five tips — how to avoid the FOMO syndrome as an investor Instead of succumbing to the fear of missing out, you can change your life for the better and find success in the cryptocurrency field. Here are our 5 tips on how to avoid FOMO affecting your investing. 1. Forget about the past What has already happened in the market is irrelevant from FOMO's point of view. There are not many investors who look at past quotes. Successful investors always take the time to analyze when opening a trade: they look at the current state of assets and assess their prospects in the future based on past price charts. The idea that the chance can be one for a lifetime is completely false. There are always and always will be profitable opportunities, just as the market always was and always will be. Charts will never tell you what an asset will be like in a year, two or five years. They simply provide information about events and possible future probabilities. Therefore, competent long-term investors understand that it is never too late to buy assets, it is important to navigate them and make balanced decisions. 2. Buy when everyone is selling and sell when everyone else is buying There is an opinion that on the stock exchange it is necessary to go against the trend. Of course, it is easy to talk about it, but to translate all this into reality is much more difficult. After all, the effect of the lost profit syndrome only increases when you do not invest in an asset that is growing. The "anti-cyclical" behavior is explained as follows: the most successful purchases with possible high returns occur during a fall in the rate and general panic, and sales - during a rise in value, when everyone is eager to buy bitcoin or another crypto as soon as possible. However, this tactic does not at all mean a ban on buying tokens in an uptrend. It is inextricably linked to the next tip, so it should be taken in the same context. 3. Set clear goals Remember the chosen strategy and determine the goals when buying this or that cryptocurrency. One possible option is target cost. If the stock price has reached your indicator, feel free to sell the asset and lock in the profit, or set a stop loss, with the hope that the trend will continue. Many traders use a simple rule - it is better to receive 4 thousand dollars 10 times than to wait six months for 50 pieces. If the deal in a short period of time brings 50% profit or more, it is better to close it. And this should become a proven mechanism. Usually, when the value of a cryptocurrency starts to increase rapidly, many market participants buy it. You can understand this in time and, having sold the asset, watch the further growth that is already taking place by inertia. The growth will stop only when the rest finally realizes that the coin is "overheated" and no longer has the potential for growth. Conclusion: While most buy the coin on the rise due to FOMO, you sell the crypto and get your profit. As for purchases at a reduced price, not everything is so smooth either. After all, not everything will be so profitable that it has become cheaper. Here it is necessary to look at the reasons for the price drop on the chart. If unforeseen circumstances have occurred, for example, a lawsuit by the state regulator in court, then you need to determine what value of the asset will become the most attractive for you in the current period, or how critical the situation with the lawsuit is. Of course, I mentioned isolated cases here. In order to analyze all possible situations in the market, you need to publish an entire online almanac. Each case has a common feature — the psychology of human behavior. Therefore, do not give in to general panic or joy. 4. If there are no investment ideas, wait The famous stock speculator and Wall Street investor Jesse Livermore used to say the following: "Big money doesn't buy or sell, big money waits"! It is true, because one day you will not be able to find more interesting coins to invest. There will be very few of them, and the crypto market will continue to conquer new heights. 5. Your strategy is the main thing If you managed to accumulate knowledge in some area of trading, learned SmartMoney analysis, know how to set goals and evaluate the potential of a particular token, it will bear fruit, but continue to develop further, because there are no limits to perfection! :) New trading tools, technologies and new tokens appear every day that promise to bring significant profits and make cryptocurrency trading as convenient as possible. Do not follow the tricks of speculators. Become the best in your field. Keep a clear mind and don't be influenced by the masses. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
8
Essential Trading Terms for Crypto TradersGreetings everyone! Here are ten crucial terms every crypto trader should know: ATH - The highest price ever recorded. It represents an asset's peak value and often signals potential profit for early investors. ATL - The lowest price ever recorded. Breaking ATL can trigger further price declines, leading to potential buying opportunities or increased risks. ROI - Measuring investment performance. ROI helps assess the returns of an investment relative to its initial cost, aiding in comparing different investment options. FUD (Fear, Uncertainty, and Doubt) - Spreading fear and misinformation to gain an advantage. Recognizing FUD is essential for avoiding emotional trading decisions and whales trap. KYC - Verification of customer identity for regulatory compliance. KYC ensures that trading platforms adhere to regulations and prevent money laundering. AML - Regulations to prevent money laundering. AML measures make it harder for criminals to disguise illegally obtained funds as legitimate income. DD - Conducting due diligence before making investment decisions. DD involves thorough research and analysis to assess potential risks and rewards. DYOR - Doing your own research and verifying information. DYOR is a fundamental principle for successful trading, emphasizing the importance of independent research. FOMO - The panic-driven urge to buy or sell an asset. FOMO can lead to impulsive trades and is often seen during bull markets later stages. HODL - Holding onto an investment for the long term. HODLers believe in the potential for long-term gains and resist short-term price fluctuations. Understanding these terms can help you navigate the cryptocurrency communities more confidentl. So, remember to DYOR, stay vigilant about FUD, and consider your HODL strategy while keeping an eye on ROI, ATH, and ATL 💜💜
CRYPTO:BTCUSDEducation
by Vestinda