FOMO
FOMO, or fear of missing out, is the urge to enter a trade because the price is moving quickly or other traders appear to be profiting.
Why it matters to you
A rapidly moving prediction market can make traders feel they need to act immediately. But if YES moves: 45% to 70% the trade at 70% is completely different from the trade at 45%. Before entering, the trader needs to reassess fair probability at the new price.
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