Short Term Trading Weekend Lounge: 10-12 May, page-38

it is easy to buy at high risk on a speccie when you read posts where guys say they have done really well on some other penny stock. It is usually called FOMO. We all go through a phase in our trading like that. Reality is different, and capital losses are often permanent. It is largely to to do with being impatient. It takes quite a long time to come out in front, unless you get very lucky. You don’t often get a post when someone admits they have done their dough.