What is your FOMO risk profile?
Fear of missing out or Fomo is a very common phenomenon in the crypto world.
When Fomo reigns, people throw their plans, their principles and their strategies out of the window to jump into the the thing that everybody speaks about.
When I was working at the bank, in order to counsel people for their investment strategies, we had to draw their risk profile. Today I would like to ask you to define your Fomo risk profile!
I give you three different categories and I would like you to tell us in which category you fit best.
1) Low Fomo Risk
I'm totally unaffected by Fomo. I follow my plans and principles in spite of what happens on the markets.
2) Middle Fomo Risk
When something new is coming out, I like to take part in it. I always keep things under control and I invest only what I'm willing to lose.
3) High Fomo Risk
In certain situations, I totally forget all my plans and I jump into something. It happens that I regret my moves at a later stage.
Which of the three profiles corresponds to you and why? How do you deal with it?
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