The name... well, speaks for itself. The fear of missing out (commonly referred to among investors and traders using the abbreviation FOMO, as explained in this video) makes it clear that despite how the average investor or trader loves talking about how rational he or she is, emotional decisions are extremely common. Do people understand they are FOMO-ing when that happens? Some do but the urge to take action is too strong, some have no idea and other may suspect deep down inside that they've a FOMO victim but delude themselves into thinking otherwise. The fear of missing out is a fascinating combination between two driving forces among traders as well as investors. On the one hand greed or, if you will, the desire to make as much money as possible and on the other hand fear, the fear that if you don't take action right away despite prices perhaps being outrageously high, you will miss out and never again have the opportunity to stock up on whichever asset you are targeting as the present-day price. At the end of the day, as with many of life's mistakes (because yes, FOMO-driven investing or trading is a mistake, as explained through this animation), the first step is admitting you have a problem and this video will help you do just that by explaining its mechanisms in detail :D