FOMO is real.
And it can be dangerous if you react to FOMO incorrectly.
Just like all fear …
Some people freeze from fear. They might make poor judgments in reaction to scary or stressful situations.
Other people use fear to heighten their abilities.
I’m not a Navy SEAL … but I’d imagine they know a thing or two about this.
I always tell my students to trade scared. That way trading isn’t scary.
Use your FOMO to take necessary precautions when you’re trading.
My students are banking right now because they understand how to harness FOMO. We’ve been doing this for years.
And in the 2024 bull market, the results speak for themselves:
I'm happy to lock in +$5k in profits today trading $BBAI $GFAI $OCEA $REAL faaaar too safely, but I started the day off shitty with $YGMZ so safety was the name of the game & now with $NVDA $SMCI finally dropping off their highs, locking in gains in GOOD. Congrats to all, WHEW!
— Timothy Sykes (@timothysykes) March 4, 2024
There’s still plenty of volatility for small-account traders right now.
But don’t let FOMO suck you into bad positions!
FOMO Solution
There are STILL a lot of people sitting on the sidelines while these profit opportunities rip higher …
Some people have FOMO and they choose to ignore the market instead of taking profits. Stop beating yourself up.
Everybody has FOMO. It’s natural. But what you do with the FOMO determines the kind of person you are.
The way I see it, there are 3 choices:
- Bend to the FOMO and make poor trading decisions.
- Ignore the FOMO and make no trading decisions.
- Embrace the FOMO and hone your trading decisions.
Here’s how to embrace your fears …
It's not just those who win vs. delusional short sellers right now, many of my students, and non-students are on the sidelines & to you I say, remember this nasty feeling of missing out because you need it to push yourself to study harder & be better prepared! FOMO can be useful…
— Timothy Sykes (@timothysykes) March 4, 2024
My students who are profiting right now, they prepared when I warned them about this hot market.
I didn’t know when the bull market would hit and I still don’t know how long it will last. But I don’t need to predict things like that.
The market ebbs and flows. Eventually it will cool down. Then it will heat up again.
Those who prepare are in the best position to pull profits when the market surges.
I’ve got a timestamped Tweet from January 2022 when I told everyone to study while the market slid lower. Look below:
Back during the slow #StockMarket of 2022 I warned EVERYONE that was the time to study and get prepared for any upcoming hot market…now here we are 2 years later and I'd guess less than 10% of traders are prepared to truly capitalize on this market & that's absolutely pathetic.… https://t.co/zKDJ9hRfdu
— Timothy Sykes (@timothysykes) March 4, 2024
I’m a glorified history teacher.
I knew the hot market was coming. I tried to warn you.
Today’s Profit Opportunities
So we’ve established … you have FOMO and you’re not prepared for the profit opportunities right now.
There’s no shame in that. Own it. Stand on business.
The question is: What are you going to do about it?
A few years ago you would have been on your own. During the 2020 and 2021 hot market, my students had to watch live streams and study past webinars to gain enough experience.
Then AI broke on the scene in early 2023 …
I taught an AI bot to follow the hottest stocks in the market using my trading process.
One of the most recent picks came on March 4:
NRX Pharmaceuticals Inc. (NASDAQ: NRXP) was on a multi-day run when the XGPT trade bot alerted an overnight trade opportunity …
The company sold off after announcing a $1.5 million public offering on February 26.
At a lower price, the company then announced another $1 million share purchase by an existing investor. This purchase wasn’t a share dilution, but more a vote of confidence. Thus, the price has already spiked 150% from its lows, post-public offering.
Here was XGPT’s trade plan alerted before the market closed on March 4.
Source: XGPT
And here’s the trade overlaid on the chart:
The stock didn’t make it to $0.75. But $0.55 to $0.70 is still a 27% profit opportunity …
Or prompt the bot with your ticker and it will spit out a trade plan as if you asked me directly.
Don’t let FOMO push you into bad trades. Use XGPT until you become proficient.
Cheers.
*Past performance does not indicate future results
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