What is JOMO in Crypto Trading?

JOMO — or “joy of missing out” — is a unique and commonly observed feeling among crypto traders. It’s that “I was right about the market” feeling of joy and elation after narrowly escaping a bad trade, or perhaps more precisely, after avoiding a potentially catastrophic financial loss. JOMO is also seen as a type of joy related to the idea of missing out on investing in what are seen as falling, or inflated coins and projects, or simply “jumping into a hype” — in other words, buying into the notion of making a quick buck rather than the long term investment growth potential of a given project.

Ways to Generate JOMO in Crypto Trading

Generating JOMO involves avoiding risky trades, entering the market at the right time, and knowing when to take profits, or exit a trade. Moreover, selecting good projects and opportunities is essential for beneficial long-term growth. Finally, diversifying one’s portfolio and avoiding emotions during trading can contribute to more profitable trades, and consequently, JOMO may occur more frequently.

Conclusion

JOMO is that “I-was-right-about-the-market” joyful feeling after narrowly escaping a bad trade and potentially catastrophic losses. It’s part of a mindset within crypto traders who focus on avoiding risk and finance safety over making a quick buck. With the right knowledge, understanding of the markets and the right timing, JOMO can be generated more frequently.