The key to profiting from FOMO emotions in the short term is: timely entry, quick exit, and controlling impulses.
1️⃣ This means you can identify the potential value of assets earlier than most people, which requires keen market insight and accurate judgment.
2️⃣ This refers to your ability to quickly perceive the risks at the market peak and exit in a timely manner, which tests your ability to control greed and stop losses promptly.
3️⃣ This means that during market euphoria, you can remain calm and not blindly follow the crowd, which requires strong position management and risk control capabilities.
It is rare to possess all three of these abilities in the market; such individuals are hard not to succeed.