- Jik's Newsletter
- Posts
- Emotions while Investing & Trading.
Emotions while Investing & Trading.
Don't get killed by your emotions...
FOMO (feeling of missing out) = certain self-destruction.
In the world of Investing & Trading, there is no place for emotions whatsoever.
Let’s see it this way…
Imagine you’re in the airport, you’re sitting in traffic, things are moving slowly. You’re feeling angry.
You get to the airport. You are check-in. You get your tickets. You put your bags in.
And as you go through the gate.
You look out the window and you see your plane taking off. You’re plain is out there on the runway.🛩️
Do you start freaking out?
Do you run and try to stop it?
Do you run into the track and scream to the pilot to wait for you?
Of course not. So why then, if you see a crypto that is pumping, pumping, pumping? You wait until the last minute and then go. “oh my God, I have to get onto this immediately”
Then you finally get your crypto. You’re happy now and you go to bed.
The next day you wake up. And it’s down 50%
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/975bba41-9a11-464d-9604-cde8d218c86f/meme_crying_.jpeg)
YOU CHASE AFTER THE PLANE BECAUSE YOU WEREN’T THINKING. THIS IS FOMO.
The whole crypto industry is designed to make you feel this way. Everything.
From the candles to the price behavior. Everything that you see that has to do with crypto is designed to make you feel greedy, hyped, fearful, and miserable.
You don’t chase after the plane, you simply find another one that hasn’t taken off yet.
You do this through professional research, having a strategy, and always being prepared.
Do you understand?