If you were underexposed heading into this week then you likely feel some FOMO (fear of missing out). Today’s video shares some tips on how to deal with it.

Dealing with FOMO

Assumption: You experience FOMO because you’re underexposed.

1. When trends change, it’s always challenging to make money.
2. Don’t recklessly chase.
   1. Aggressive directional trades in an obvious overbought chart.
3. Find setups that aren’t as extended.
4. Wait for the next pattern to develop. Be patient.
5. If you must add exposure and you know the market is extended, thus prone to a pullback, use that to your advantage by SCALING IN or using HIGH PROBABILITY STRATEGIES.
   1. Do a partial position.
   1. Selling a put or bull put
6. If you know the bear market will eventually end, then you should consider what you want to take from this bear market. What stuff you want to own.

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