FOMO
Risk & Psychology
The chase tax
Fear of missing out buys tops: entering AFTER the move, on emotion, with no level behind you. Antidote: there is always another trade. Missing a move costs zero.
Check yourself
The FOMO entry is structurally bad because…
- It feels bad
- No level behind you = no defined risk, worst prices correct
- It's popular
You're paying the worst price of the move with nowhere sane to put a stop. Emotion, priced in dollars.
Learn this properly
This term has a full interactive lesson in Wick — the chart, the pattern to tap, and a live practice terminal to try it on. Free to start.
Open the lesson