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Tips for Avoiding Stock Fomo, Making Unprofitable Investments

Buy stocks in large quantities because you are joining in or because you are afraid of rising stock prices? Be careful you experience stock FOMO which can be detrimental to investment.

The popularity of stock investment today makes many people vying to invest in stocks or shares trading saham without understanding the concept properly. As a result, you only join in or FOMOa stock that ended up not making a profit, it ended up losing.

So, who wants to lose in investment, especially if you invest with large capital, you need to be careful!

But, actually FOMOwhat stock is it? And why can make our investment plummet?

What is that fomo share?

FOMOactually stands for fear of missing out namely the fear of heights. In the world of FOMO investingit is often interpreted as trader or investors who are afraid to miss the rising stock price. 

FOMO phenomenonthis stock makes trader implicitly buying shares at high prices, this is done for fear of stock prices will continue to rise.

FOMO-affected investorsthis stock will be rashly bought without long analysis. For that you need to know how to avoid stock FOMO, especially for investors and investors trader beginner.

Tips to Avoid Stock FOMO

1. Make an Investment Plan

The first tip to avoid stock FOMO is that you have to know what investment plan you are going to take. So, with an investment plan, you can make a financial plan too. 

Making this investment plan will make you more focused on the investment you are living. So you won't feel left out.

2. Learn Investing Right

Some people who experience stock FOMO usually have insufficient knowledge about their investment. So, to avoid stock FOMO you must understand the terms or conditions of investment to make it easier to make decisions.

3. Not Reckless

Never take a decision without a clear rationale and rush or rashly because you will usually regret the outcome of the decision, especially in investment matters involving money.

4. Take a break from social media

Stock FOMO will usually occur when we access social media too often, this will make you panic with investment info or stock info on social media. So, you better take a social media break for a few weeks.

5. Look at Finances First

Investment or trader shares must be made using cold money or money that will not be used for daily needs. Don't let the fear of rising stock prices keep you dark and using everyday funds as investments.

6. Remember the stock price will go up and down

One of the unwritten rules of stock investing is that stock prices always go up and down. It is also actually difficult to predict. So, the thing you have to do is not to do it in a hurry.

7. Do the Right Analysis

Tips for avoiding stock FOMO is that you have to be able to do the right stock price analysis to get a fairly profitable stock purchase price. Keep in mind that low stock prices can still be profitable, you know!

8. See Company Progress

The last tip to avoid stock FOMO is that you have to see the development of the company from the stock you are going to buy. So, you can find out whether investing in shares in the company is safe and this also affects those of you who want to make long-term investments.

These tips for avoiding stock FOMO you must pay attention to and apply seriously, because this stock FOMO can make investments stagnate because they run out of money due to buying stocks consumptively up to increased debt.

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