Internet
fomo
What does fomo mean?
The anxiety that drives people to buy an asset as it rallies, afraid of missing further gains. A powerful and often costly emotional trading trigger.
"I FOMO'd in near the local top and it dumped 20% the next day."
Origin
A general psychology and social-media term that went mainstream in the 2010s. Trading communities apply it specifically to the urge to chase pumps, which usually ends badly.
Frequently asked questions
What does 'FOMO' mean in trading?
It stands for 'fear of missing out' — the panic that makes you buy a rising coin late so you don't miss the gains. It usually means buying high.
What does 'FOMO' mean in texting?
Same idea — the fear of missing out on an experience others are having, like a party or trend. It's a general anxiety, not just about money.
Why is FOMO bad for traders?
It pushes you to buy at the top of a pump out of emotion, right before the price often crashes.
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