FOMO is probably one of the most dangerous companions on the stock market. You see a price rise, read euphoric comments and think to yourself: "If I don't get in now, I'll miss the opportunity of a lifetime!" And sometimes you end up in the red faster than you think.
I'm currently sitting in Ondas with a 43% loss in my portfolio. And to be honest, I have the feeling that there could be a few more percent to come. The entry was emotional, driven by hope and the thought that everyone else was buying too. Classic FOMO moment....
But that's the stock market. Sometimes you win, sometimes you gain experience, and some of it is expensive (very expensive for me). I'll sit back now, see what happens and remember for the future: not every hype is a real opportunity. Sometimes it's just noise.
As I said the other day, I will concentrate more on the large, more stable stocks in future. So mainly on the well-known stocks like $AMZN (+0,22 %) + $IREN (+1,97 %) and $BTC (+0,12 %) and $SOL (+1,03 %) . Simply to take less risk, manage my money better and sleep more soundly in the long term.
Stay calm, stay rational and watch your emotions. The market tests them faster than you would like. 💸📉
But you're not alone, we'll get through this together.
