Se Yong Fomo interview
by Freddenver: Crypto
Se Yong, co-founder of Fomo, explains why the platform prioritizes the social dimension of trading. He says, “It is incredibly important because people learn from others. It’s also important because if you’re a good trader, the last thing you want to do is post your own PNL.” He then references “the biggest people from” a linked source. The full thread is available at
Transcript (en)
Yeah, I think it's incredibly important. Like, it's incredibly important because people learn from others, and that's just a natural way humans do things. But I think it's also important because if you're a good trader, you know, the last thing you want to do is, like, host your own P&L or talk about a big trade. You know, it's one of those things that's a little bit cringy. And if you think about who are the biggest people in CT from the last, you know, five, ten years, they're all people who have made a lot of money, but they've never directly told you they made a lot of money, right? It's always been you find their wallet or you identify their trade or you have other people who share their wallets or talk about their trades. And it's never them just going like, I made $50 million. Here's my P&L card. It's more so like, man, that guy, he was right on with that one cent and he wrote it all the way up and this is definitely his wallet. And other people often talk about it. I think it is a little bit cringe to talk about your own victories, but it's not cringe if you do it publicly, right? So let's take, for example, GCR or Kobe or Anselm. You know these guys made a lot of money, but they never put it in your face, right? They've never said like, I'm rich, ha ha, here it is. But, you know, you've been able to identify their profitability and in a lot of ways, like, you know, gain respect for them, follow their future ideas and understand why they think about things in the way they do. So I think FOMO just lets you do this in a way that's very natural. You come in because it's the best trading tool, but then you have the ability to showcase your ability to everybody in real time without having to have, you know, people saying you're LARPing or people saying you're bragging or whatever else it is.
