Turn FOMO into JOMO when Trading

by | Feb 1, 2025

It’s a dirty little four-letter word in trading.

FOMO. The “Fear of Missing Out”.

And it is the master manipulator lurking behind impulsive trades, sleepless nights, and blown-up accounts.

Basically, it’s feeling that you missed out on the day – even when a trade did NOT line up.

Maybe you saw the gold price rally and you wish you got in. Or you saw The Dow Futures Drop because of the new administration in America that is causing higher prices, less jobs and uncertainty in the economy.

Well, today it ends. We’re kicking FOMO out of your trading strategy for good.

The Emotional Trap That Kills Accounts

You’re scrolling through Twitter. Everyone’s screaming, “Nvidia stock is down 16% today!” or “Bitcoin just broke a new high!” Your heart races. Your palms sweat.

“I can’t miss this! If I don’t get in now, I’ll miss out on profits!”

Boom—you jump into the trade.

Fast forward a few hours, and you realize you bought and the price continued to drop another 10 %.

Or you bought Bitcoin and it crashed below $98,000 again.

Don’t worry. You didn’t MISS anything. Trading is not a ONE day thing. It’s a forever process.

Let’s talk about it.

  1. Impulsive Decisions: Your Trading Kryptonite 🔥

FOMO thrives on impulse.

The second you act without a plan, you’re already in its trap.

Impulsive trades feel thrilling at the moment, but they rarely end well.

Trading on impulse is like running into a casino, betting everything on red, and crossing your fingers. You’re no longer trading—you’re gambling.

How to Avoid It:

  • Create a trading plan BEFORE the market opens.

  • Set rules for entry and exit points.

  • If a trade isn’t in your plan, don’t take it—period.

Trust me, planned trades may not feel as exciting, but they’re far more rewarding in the long run.

  1. No Research, No Success 🔍

When FOMO strikes, research flies out the window.

Who has time for charts and fundamentals when “everyone” says this is the next big thing?

Here’s the brutal truth:

Without research, you’re driving blind.

 Just because a trade worked for someone else doesn’t mean it’ll work for you.

Following hype is like following a rumor—you end up chasing shadows.

Actionable Tip:

  • Before entering any trade, ask yourself:

    • Have I analyzed this asset?

    • What’s the risk-to-reward ratio?

    • What’s my exit strategy if it turns against me?

If you can’t answer those questions, step away. The market will always have opportunities, but your capital won’t if you keep throwing it away on unresearched trades.

  1. Chasing the Markets: Stop Running After “What If” 🏃‍♂️

Chasing the market is a classic FOMO move.

The price is going up, and you feel left out.

You think, “I’ll just catch the last leg of the rally.”

Spoiler alert: By the time you jump in, the “last leg” is often already gone.

How to Break the Habit:

  • Don’t trade out of desperation.

  • Let the trade come to you—wait for confirmation signals or a pullback.

  • Understand that missing a trade is part of the game. It’s better to miss an opportunity than to chase a disaster.

  • There is ALWAYS the next trade coming (like a train).

  1. Big Risk, Little Reward: A FOMO Recipe for Disaster ⚠️

When FOMO takes over, traders often over-leverage their positions.

Why? Because they want to “maximise” gains on a “sure thing.”

Taking big risks without proper risk management is the fastest way to wipe out your account.

Remember, survival in trading isn’t about hitting home runs—it’s about staying in the game.

Pro Tip:

  • Never risk more than 1-2% of your capital on a single trade. (With day trading it’s fine to risk 0.5% per trade).

  • Use stop-loss orders to protect yourself from sudden reversals.

  • If you’re feeling the urge to “go big,” take a deep breath and remind yourself: There will be another trade tomorrow.

  1. High Emotions, Low Logic 😬

FOMO feeds on emotions—fear, greed, anxiety.

When emotions take control, logic takes a back seat.

And once you’re trading emotionally, you’re practically begging the market to teach you a painful lesson.

The best traders stay calm, even when the market gets crazy.

They don’t let short-term noise distract them from their long-term goals.

How to Keep Your Cool:

  • Take breaks and chill when you feel overwhelmed.

  • Use journaling to track, review and monitor.

  • Meditate, exercise, or find other ways to stay grounded.

    Remember, trading is a mental game. Your biggest asset isn’t your capital—it’s your mindset.

Final Thought: FOMO Is a Habit, but It’s One You Can Break

Overcoming FOMO isn’t about perfection.

It’s about discipline.

You won’t get it right every time, but with practice, you can train yourself to ignore the hype and stick to your strategy.

Missed out on a big rally?

That’s okay. There will be another one tomorrow. Missed an insane profit due to doubt? Don’t worry, learn from it – remember the lesson and DO BETTER?

Your job is to be ready when it fits your plan—not when the crowd tells you to jump in.

Let’s talk about the main points we covered in this FOMO article so you can replace FOMO for JOMO (Joy Of Missing Out).

  1. Impulsive Decisions: Your Trading Kryptonite 🔥

  2. No Research, No Success 🔍

  3. Chasing the Markets: Stop Running After “What If” 🏃‍♂️

  4. Big Risk, Little Reward: A FOMO Recipe for Disaster ⚠️

  5. High Emotions, Low Logic 😬

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    Timon Rossolimos
    Founder, MATI Trader

     

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    Founder, MATI Trader

     

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