FOMO, or fear of missing out, is a common occurrence not only in trading but in life.
It’s that feeling that there’s something better on the other side of today or this moment.
Believe it or not, this way of thinking isn’t all bad.
It’s a human survival technique from thousands of years ago. On the positive side, it can help us continue to strive and to take action to make sure we are as safe as can be and have as many of our needs met as possible.
So while it is easy to get caught up in the FOMO trap and fall into a cycle of feeling like you’re constantly waiting for your best life to begin.
If you’re constantly living in the future or hearing a litany of “what ifs” you’re not present to what you currently have or are experiencing right now.
If you’re not able to find peace with the here and now, chances are you’ll develop an unhealthy habit of always looking forward and never appreciating what you do have right in this moment.
That’s why it’s so important to gain self-awareness about what causes FOMO in your life.
If you struggle with FOMO in life, chances are you’ll struggle with it in trading.
For traders, FOMO creates adrenaline spikes that can lead to risky behavior. For example, it might feel necessary to get into a trade. If you don’t, you could be missing out on the big one!
This misplaced urgency to get on the train can lead to poor decision-making — and potentially big losses.
In this book, I’ll explore the gritty underside of FOMO and what causes it. I’ll also guide you through some powerful exercises to begin facing the demons that cause FOMO in your life.
By gaining a better understanding of what’s behind the FOMO in your life and trading, you’ll be able to contend with it much better — it can improve your outlook, your decision-making, and your self-compassion.
