Fear of missing out, abbreviated FoMO, is commonly used to describe the addictive qualities of social media, though it just as well describes one of the most predictable mistakes investors make.
The Oxford Dictionary has succinctly defined it as “anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website”.
I think a good case could be made that the driving forces of the markets are NOT best thought of as fear and greed, but rather fear of missing out, and fear of loss.
Unless you live completely off the grid, you are going to hear about the world of finance seemingly everywhere you turn.
There are ways to manage your feelings so that they aren't tripping you up over and over that are worth learning. They are described as they might apply to intimate relationships in the pages about Byron Katie's "The Work" and/or mindfulness HERE or HERE.
In the short term accepting that feelings will happen seemingly on their own and not letting them control your decision making is the best choice.
It's much like a driving a car that you know pulls to one side when you apply the brakes and taking that into account every time you slow or stop.
Knowing that this is totally predictable is helpful.
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