I was cut by FOMO emotions and got caught again.

At 8 a.m., a newly registered trading platform passed KYC. In the afternoon, there was a new IPO project, and I reflexively wanted to catch this wave. I checked my account—my main account had no idle funds, only some stablecoins in my small account for financial management. "What if it doubles?" This thought came up, and I didn't think about anything else.

The trouble began. Withdrawing from financial products requires facial verification, but my wife had already gone out. I fiddled with my phone alone for a long time, but in the end, I couldn't withdraw the funds. I put the money back, and the day's earnings were gone. Seeing the IPO time getting closer, I was unwilling to give up, so I decided to mortgage other assets and borrow some money to make up the difference.

Finally borrowing the money, I transferred it to the platform account. Then came another problem—the imported wallet couldn't participate in the IPO at all; I had to transfer to the platform's native wallet. I imported the private key, but then got stuck at secondary authentication. After filling out all the information, I had to wait half an hour for approval. At this point, I started to do the math: for this IPO opportunity, I had already spent 4 hours fiddling around, didn't make any money, and instead lost a day's interest plus various fees. In the end, I didn't even successfully participate, and I sheepishly transferred all the money away.

This $30 lesson learned has given me a real insight: for small funds participating in IPOs, instead of learning how to quickly grab quotas, it's better to learn when to give up. Not all opportunities are worth chasing; sometimes, holding steady and giving up participation is more profitable than blindly FOMO.