The key to profiting from FOMO emotions in the short term lies in: timely entry, quick exit, and impulse control.
1️⃣
This means you can identify the potential value of an asset earlier than most people, which requires keen market insight and accurate judgment.
2️⃣
This refers to your ability to quickly perceive the risks of market tops and exit in time, testing your ability to control greed and implement stop-loss measures 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 abilities.
It is rare to possess all three of these abilities simultaneously in the market, and such individuals are unlikely to fail.