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JOMO stands for “Joy of Missing Out,” which is a play on the more commonly known term FOMO (fear of missing out). The concept of JOMO is about finding happiness and contentment in missing out on certain experiences or activities that may be popular or trendy, but may not necessarily align with one’s personal values or interests.

Unlike FOMO, JOMO is a mindset that promotes making thoughtful decisions and aids in preventing irrational trading decisions based solely on emotions.