Trading on FOMO is AIDS. All KOL's are using this playbook -
- Buy a low MC coin (sub $100K) from side wallets and FOMO at the same time
- Start posting about it in various Telegram GC's and Discord servers
- Coin pumps to $500K - $1M
- Take profits from side wallets
- Now post a thesis on FOMO
- Coin goes beyond $1M MC
- Take profits from side wallets (along with your comrades who you got in early) or entirely dump the position
- Never sell a token on FOMO giving the impression that you are a diamond handed holder with 100x track record => more followers => more goats being butchered on a daily basis
So if you are buying on FOMO, you have already become exit liquidity for these KOL's who are already sitting at a 50-100x for a coin that has barely touched $1M MC.
And I am not speculating. I am seeing this happen in front of me across various GC's.
Brutal. This is not gonna end well.
And this is also why 99% of the people buying/trading on FOMO are losing money.