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Trading glossary · psychology

FOMO

Fear of missing out: the rushed feeling that you must jump into a move right now or miss your chance.

The fuller meaning

Fear of missing out, the urge to enter late after a fast move without a plan or stop. It leads to chasing extended candles, poor risk-to-reward and changing entry rules after a missed move; the fix is accepting that missing a move costs nothing and waiting for a planned entry or skipping.

FOMO, also called fear of missing out.

Related words

anchoring · boredom trading · chasing · cognitive bias · confirmation bias · consistency · cool-down rule · discipline · disposition effect · emotion