Definition
FOMO tends to appear after a big run, when buying feels safest. Chasing a price after the setup has passed typically means a worse entry and a wider stop. A written plan with defined entry criteria is the usual remedy.
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The urge to jump into a trade because it has already moved a lot.
FOMO tends to appear after a big run, when buying feels safest. Chasing a price after the setup has passed typically means a worse entry and a wider stop. A written plan with defined entry criteria is the usual remedy.
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