@eq.trades: FUD vs FOMO and how to avoid them 🧠 We're going to go over the difference between FUD and FOMO and how to avoid them. My name's EQ and I've helped over 1200 people learn how to trade since 2021. Now FUD stands for fear, uncertainty and doubt. This is going to be the bearish side of the spectrum. And really what FUD comes down to is driving fear, especially if you're looking at the fear and greed index. Naturally, in these times, new traders like to panic sell and to avoid FUD. What I personally like to do is keep liquidity available on the side so that if price comes down, I could buy the dips instead of being like, oh s**** all my money is leaving. Now the other side of that is going to be FOMO and that's fear of missing out. That's going to play specifically into greed. Now a good example of FOMO is XRP goes up 300% and then everybody wants to start jumping into it, but they didn't want to get into it when it was about 50 cents. Now what I like to do to avoid FOMO is dollar cost average in and out, because when I dollar cost average in, I'm going in with the mentality that I'm going to buy a little bit now. And then if price does drop, I'm just going to buy a little bit more. And if price goes up, at least I grabbed a little bit and I have some exposure to the asset. If you want to learn how to trade, comment “EPIQ” below. If you want to stay up to date with anything crypto and trading related, hit that follow button. #daytrader #trading #investing #cryptotrading #cryptoforbeginners #epiqtradingfloor #cryptoforbeginners2025

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Sunday 12 January 2025 14:24:05 GMT