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38 - If You Do This You'll Make Money

Diary of a UK Stock Investor

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The Fear of Missing Out

Most people will seemingly happily take a woefully low 15% chance to make millions in the short term rather than actually making any. The reason they would do that is because they want the money sooner. Humans are not logical thinkers but we make far more emotional decisions, over logical ones. A big chunk of the crypto thing is FOMO. It's the fear of missing out. They think, oh I'm missing out on this, I need to get in on it too late. Or is it? But the vast majority of people spread betting and trading are losing money. And my point here of course is that most people will seem happily take an 85% chance of losing money along with

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