Skip to content
Trading Game
Trading Game
Trade Confidently and Safely
  • Home
  • About
    • About Louise Bedford
    • About Chris Tate
    • Chris Tate Media Kit
    • Louise Bedford Media Kit
  • Podcast
    • Why Choose Us
    • Audited Results
  • Mentor Program
  • Rave Reviews
    • More Rave Reviews
    • Even More Rave Reviews
    • Extra Rave Reviews
    • Still More Rave Reviews
    • This Is Getting Ridiculous
    • Success Stories
    • More Success Stories
    • We Are Traders
    • A Poem To Inspire You…
    • Hot Off The Press Reviews
    • You Want Proof?
  • Our Network
    • Our Brokers
  • Shop
  • Blog
  • Contact
  • LOGIN
  • Home
  • About
    • About Louise Bedford
    • About Chris Tate
    • Chris Tate Media Kit
    • Louise Bedford Media Kit
  • Podcast
    • Why Choose Us
    • Audited Results
  • Mentor Program
  • Rave Reviews
    • More Rave Reviews
    • Even More Rave Reviews
    • Extra Rave Reviews
    • Still More Rave Reviews
    • This Is Getting Ridiculous
    • Success Stories
    • More Success Stories
    • We Are Traders
    • A Poem To Inspire You…
    • Hot Off The Press Reviews
    • You Want Proof?
  • Our Network
    • Our Brokers
  • Shop
  • Blog
  • Contact
  • LOGIN

The Cure For FOMO

You are here:
  1. Home
  2. Blog
  3. Trading Psychology
  4. The Cure For FOMO

We have this tendency to revere quotes by famous dead people even when they steer us down the wrong path.

Here’s one…

Nothing so undermines your financial judgement as the sight of your neighbor getting rich.

– J. P. Morgan

Morgan was a bully and an egotist so of course this was his take – projecting his own fears onto mankind.

The quote reflects darker aspects of human nature and we are not bound by it.

We can be grateful for what we have and happy for others who are thriving.

 

More here – PrimeCuts

Category: Trading PsychologyBy Chris TateOctober 20, 20211 Comment

Post navigation

PreviousPrevious post:China’s Energy CrisisNextNext post:The Underrated Role of Behavior in Investing with Joe Wiggins

Related Posts

Bear Markets Are a Test of Investor Emotions
June 22, 2022
Make Peace With Your Unlived Life
June 22, 2022
The Surprising Science of True Toughness
June 17, 2022
What Can Sherlock Holmes Teach Investors?
June 17, 2022

1 Comment

  1. Bill Miles says:
    October 21, 2021 at 9:20 am

    It’s just about the MOCs isn’t it. Yes, even I can do it – “madness of crowds”. There has been than one book incorporating MOC into at least a part of its title. But illuminating reading nevertheless. Both Charles Mackay and Douglas Murray (more recently) have revealed different aspects of our tendency towards absurd crowd behaviour. Makes one more humble to realise our astonishingly insane, self-harming nature when we are together. Best decisions are made with full and careful due diligence, apart from the crowd, but never forgetting that every decision we make is coloured and flavoured by the full impact of our lifelong emotional experiences, with some of the most important being in very early childhood, often pre-verbal, and therefore effectively unavailable to our rational left brain.

Comments are closed.

Trading Game
BACK TO TOP



General Advice Warning

The Trading Game Pty Ltd (ACN: 099 576 253) is an AFSL holder (Licence no: 468163). This information is correct at the time of publishing and may not be reproduced without formal permission. It is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any of the information you should consider its appropriateness, having regard to your own objectives, financial situation and needs.

Privacy and Licensing | Terms & Conditions | Referrals

  • Home
  • About
  • Why Choose Us
  • Mentor Program
  • Rave Reviews
  • Our Network
  • Blog
  • Shop
  • Contact Us
  • Log In

Copyright © The Trading Game. All Rights Reserved. | website designed by Papdan.com

Social Media: