Anonymous
I mean... FOMO is so casually used, but it's apparently very evident in the chinese stock market?
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Gabriel Tham
12 Mar 2019
Tag Team Member at Kenichi Tag Team
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Yes. When people see certain stocks with the prices flying up, they'd want to get 'in' on it to profit. An example is bitcoin. Eventually, people will stop buying as fervently and the price will pummel.
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Kenneth Lou
12 Mar 2019
Co-founder at Seedly
FOMO is a thing everywhere, not just in investing. But in Hello Kitty craze, chocolate pie craze and...
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Yes, if you want to experience it first hand, you can try day trading. When you see the prices suddenly pop and move very fast, you also get anxious and want to enter.
After a few times of missing out on such good profits, you mental powers get weaker and you tell yourself you won't miss the next big huat opportunity!
The moment you enter the trade, the price deflats and you lose money! oh boy!