my general take on this question around fomo is pretty simple
“should I buy $Micron Tech(MU.US) at $800?”well, if you buy it here and are not ECSTATIC to buy it 20-30% lower on a dip, then you should not give into the fomobeing on the sidelines of a trade is so much healthier than thinking you have to chase itbuying at ATHs means you are acknowledging that you want to be part of the story but the risk outweighs the reward so you HAVE to accept being ready to DCAfomo happens when you buy something just to buy and then if it dips, you have no idea what you bought so you buy high sell lowany fomo buy should be rooted in accepting it is a chase and then being ready to average down in case it collapsesor, just don’t chase a name that you missed and be okay with missing itit doesn’t have to be so mentally draining, there many opportunities in the market beyond the names that capture most attention and not being part of them AND not taking the risk of being part of them is okaySource: amit
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