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How to fight FOMO in crypto trading

When it comes to crypto trading, FOMO can be your enemy. FOMO, or the "Fear of Missing Out," is a powerful emotion that can significantly impact your trading decisions.

First described by Dr. Dan Herman in an academic paper in 2000, FOMO gained notoriety in the trading world a few years later thanks to Patrick McGinnis' opinion piece in "The Harbus" magazine. As a result, the acronym has become a common term among traders, and for good reason.

At its core, FOMO is driven by anxiety — the fear that you're missing out on a better opportunity. This could be triggered by a dramatic headline, social media post, or knowing another trader that makes a big profit on a digital asset. When FOMO takes over, reasoning and making informed trading decisions can be challenging.

It's essential to understand the impact FOMO can have on your trading decisions. To help, we've put together some steps to overcome and manage it.

Steps to overcome FOMO

Do your research

Another acronym to get acquainted with is DYOR or "Do Your Own Research". As a fundamental step, take the time to thoroughly research a digital asset before investing in it. DYOR will help you avoid making impulsive decisions based on FOMO.

Have a trading plan

Create a clear trading strategy and stick to it: Having a defined trading strategy can be your lifeline once you jump into the sea of crypto. Setting entry and exit points will help you avoid making impulsive decisions based on FOMO.

Diversify your portfolio

Trading a range of digital assets can help reduce your risk exposure and prevent you from feeling like you're missing out on a single opportunity.

Use stop-loss orders

Set stop-loss orders to automatically trigger a sell order if the price of a digital asset drops below a certain level. Selecting a stop-loss will help you limit your losses and avoid making emotional decisions in a panic caused by FOMO.

Avoid checking the market too often

Having your eyes constantly glued to the market or charts can feed into your FOMO and lead to impulsive decisions. Instead, consider setting aside specific times of the day to check market activity.

Be self-aware

Be aware of your thoughts, actions, and emotions when you trade. For example, if you notice feelings of FOMO creeping in, take a step back and re-evaluate your trading strategy and goals.

Take a break

It may be challenging, but if you become too emotionally invested in a particular digital asset or feel overwhelmed by FOMO, take a break from trading. Giving yourself this time and space will help reset your logic and reasoning, gain perspective and help you make better decisions in the long run.

Whether you're a crypto vet or just starting crypto trading, remember to keep your FOMO in check and make rational decisions based on solid research and market analysis.


NOTHING IN THIS ARTICLE IS A SOLICITATION TO BUY OR SELL DIGITAL ASSETS. OKX DOES NOT ENDORSE ANY PARTICULAR DIGITAL ASSET OR STRATEGY. DIGITAL ASSETS HOLDINGS INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY ON ANY GIVEN DAY, AND MAY EVEN BECOME WORTHLESS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING OR HOLDING DIGITAL CURRENCIES IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. OKX DOES NOT PROVIDE LEGAL, TAX, INVESTMENT, OR OTHER ADVICE. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

Disclaimer
Deze inhoud is uitsluitend bedoeld ter informatie en kan producten bevatten die niet beschikbaar zijn in jouw regio. Het is niet bedoeld als (i) beleggingsadvies of een beleggingsaanbeveling; (ii) een aanbod of verzoek om crypto-/digitale bezittingen te kopen, verkopen of aan te houden; of (iii) financieel, boekhoudkundig, juridisch of fiscaal advies. Het bezit van digitale bezittingen of crypto, waaronder stablecoins, brengt een hoog risico met zich mee en de waarde ervan kan sterk fluctueren. Overweeg zorgvuldig of het, aan de hand van je financiële situatie, verstandig is om crypto-/digitale bezittingen te verhandelen of te bezitten. Raadpleeg je juridische, fiscale of beleggingsadviseur als je vragen hebt over je specifieke situatie. De informatie in dit bericht (inclusief eventuele marktgegevens en statistieken) is uitsluitend bedoeld als algemene informatie. Hoewel alle redelijke zorg is besteed aan het voorbereiden van deze gegevens en grafieken, aanvaarden wij geen verantwoordelijkheid of aansprakelijkheid voor eventuele feitelijke fouten of omissies hierin.

© 2025 OKX. Dit artikel kan in zijn geheel worden gereproduceerd of verspreid, en het is toegestaan om fragmenten van maximaal 100 woorden te gebruiken, mits dit gebruik niet commercieel is. Bij elke reproductie of distributie van het volledige artikel dient duidelijk te worden vermeld: 'Dit artikel is afkomstig van © 2025 OKX en wordt met toestemming gebruikt.' Toegestane fragmenten dienen te verwijzen naar de titel van het artikel en moeten een bronvermelding bevatten, zoals: "Artikelnaam, [auteursnaam indien van toepassing], © 2025 OKX." Sommige inhoud kan worden gegenereerd of ondersteund door tools met kunstmatige intelligentie (AI). Afgeleide werken of ander gebruik van dit artikel zijn niet toegestaan.

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