FOMO or Fear Of Missing Out.....So im fairly new to the whole stock trading world and twice in 2 wks have I lost all my gains due to FOMO once with OTTV was up over 50% and watched all my profits fall down to even...OMVS just this week was up 30ish% and now in the red. I don't know what hurts more, being wrong on a trade and taking a small loss or being right and having a big gain but being to stubborn to take profits in the fear of missing out. Just writing this for the other new people as a reminder that taking profits is never a dumb move but the safest way to guarantee profits and minimize losses. The hardest part of trading is yourself. Learning patterns and doing your DD is the easiest part but overcoming your fear and mental state to execute on each trade with precision is the ultimate test of whom is a good trader and who is not.
Thanks for reading, GLTA!