Noun

Fear of missing out.

1. An unreasonable and illogical state of mind that is nearly, completely overwhelmed by reckless emotion, mistakingly believing that if one does not participate in a particular event, one's life would be rendered much worse than the present.

2. First definition applied specifically to traders and investors of the stock market, having a fixed-false belief that a lack of participation in a given moment would completely ruin their day, maybe even their lives.

Trader Tom: Yo, man, it's 9:30 and $BMAC is tanking RIGHT NOW!! I gotta short this stock before it's too late!
Trader Joe: No, dude!! You got FOMO! Don't chase! Wait for a better set-up!

Trader Jane: I had a bad case of FOMO today. I got in $TURD and $DUMP at all the wrong places! I lost BIG TIME!
Trader Jack: That's rough, girl. Next time just wait for better entries!

High schooler #1: Man, I hate my parents! I'm grounded and they won't let me go to Darla's party!
High schooler #2: Don't get FOMO, you idiot! You already promised to play XBOX with me, you freak of nature! And Darla hates you anyway!

by richesndreams May 15, 2019

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