since i know people will misunderstand everything on purpopse and derail this in no time... this is my observation. and based on articles and books i personally read.. i dont claim this to be any kind of solid scientiic facts. just my opinion, which should be obvious since this is a DISCUSSION board not a scientific journal.. sadly i have to write this up so people stop derailing posts. many people dont connect the two together and only see the fomo relating to their immediate activity like gamers are aware of fomo and dopamine addiction in relation to gaming social media addicts and influencers are aware of that same issue in relation to social media traders are also aware of fomo but i do not see very often being connected to same dopamine hook as gaming internet and social media addiction in gaming dopamine addiction and fomo comes from loot based games especially limited time availability or "seasonal" loot in social media dopamine addiction comes from carefully crafted dopamine "hooks" built into apps that keep you engaged as long as they possibly can. in trading where does fomo and dopamine addiction comes from? i see people claim fomo comes from youtube trading gurus. which is questionable forums and message board pumpers less questionable since pumpers or users in general can knowingly or unknowingly create the feeling of fomo but what about the "market makers" and trading firms and institutional trading or whatever other groups are out there with enough capital to move the markets its obvious they manipulated market in the past from all the videos available of it being exposed or them talking about past exploits. but did they suddenly stop manipulating the markets or doing something shady? considering that facebook and other social media and games can control our attention to such degree that they can create full blown addicts why do people refuse to belive that the stock market is such a naturally flowing space? a delusion or a lie the trading firms having access to metrics to data to psychologists to research even to order flow from all these free platforms to automated charting and statistics software and analysis of people's behavior that can help them to basically have control over market flow to trigger exact responses in majority of amateur or semi professional traders . lets say to manipulate the chart flow to create fomo or to push people to give up and sell or to feel like they want to buy the stock... is this kind of market manipulation really so far out of reach or yall just denying it because half of you are doing it and other half dont want to admit that its possible so you can stay in your little fairy tale where market is some magical unicorn creature that exists on its own
so everyone just denies its existence then and pushes the yolo lambo this weekend on youtube "trading expert" channels? basically to lure more noobs into the "loot pool" promising them much cash such wow and really riding their ass while pretending to teach them how to trade? because without fomo noobs your trading would be much much harder and yall would have to trade against more people of your own level or better i think im finally starting to understand the market dynamics in general
"Everybody Knows" Everybody knows that the dice are loaded Everybody rolls with their fingers crossed Everybody knows that the war is over Everybody knows the good guys lost Everybody knows the fight was fixed The poor stay poor, the rich get rich That's how it goes Everybody knows Everybody knows that the boat is leaking Everybody knows that the captain lied Everybody got this broken feeling Like their father or their dog just died Everybody talking to their pockets Everybody wants a box of chocolates And a long stem rose Everybody knows Everybody knows that you love me baby Everybody knows that you really do Everybody knows that you've been faithful Ah give or take a night or two Everybody knows you've been discreet But there were so many people you just had to meet Without your clothes And everybody knows Everybody knows, everybody knows That's how it goes Everybody knows Everybody knows, everybody knows That's how it goes Everybody knows And everybody knows that it's now or never Everybody knows that it's me or you And everybody knows that you live forever Ah when you've done a line or two Everybody knows the deal is rotten Old Black Joe's still pickin' cotton For your ribbons and bows And everybody knows And everybody knows that the Plague is coming Everybody knows that it's moving fast Everybody knows that the naked man and woman Are just a shining artifact of the past Everybody knows the scene is dead But there's gonna be a meter on your bed That will disclose What everybody knows And everybody knows that you're in trouble Everybody knows what you've been through From the bloody cross on top of Calvary To the beach of Malibu Everybody knows it's coming apart Take one last look at this Sacred Heart Before it blows And everybody knows Everybody knows, everybody knows That's how it goes Everybody knows Oh everybody knows, everybody knows That's how it goes Everybody knows Everybody knows Leonard Cohen Lyrics https://www.azlyrics.com/lyrics/leonardcohen/everybodyknows.html
Dude, that is bad form. Post the music with the lyrics. It doesn't even have to be from the original artist. Just don't leave them hanging without context! OY!
I think virtually all of descretionary trading has a dopamine hook. there was a study like 17 years ago that showed that the best discretionary were not cold calculating robots but those that were tied emotionally to their pnls.