Topic: Excessive confidence in cryptocurrency trading. - page 12. (Read 18571 times)
Trust in Cryptocurrency & trust in a decentralized system is as equitable matters. I do'nt know ,Where do come from all these shocks and the buzz about crypto ? You think that routine life does'nt have a risky pose? However, I personally prefer to help to improve human generation.
That's the way it is ,in critical moments, you can make right decisions by your tact that you have already learned, eventually ,you will take quick decision in risky time. perhaps ,all of the decisions is'nt entirely correct, but according to your knowledge is the best choice can possible to happen.
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
of course having a strong self confidence in conducting cryptocurrency trading is able to give courage to make a mature decision, because in trading the risks that will be faced of course are in themselves which is dare to take the right action
With a fairly mature analysis and confidence will answer that doubt
but remember it also takes time to be right.
but remember it also takes time to be right.
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
As long as you are experienced and sure about the market move of the coins you have invested, then yes well and good to go with quick decision with excessive confidence. But this would not fit to either beginners or the experts at times. Hence, its not bad or wrong to take time in deciding. But once you have decided to move, i would say, do not turn back. Have patience. The current market requires more patience.
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
I believe that having excessive confidence will not good for traders because it will give effects that we can always make a profit in any situations. We will underestimate other people skills, and we don't want to listen to other people say.
I would say that it will a big drawback for the traders because they feel that they are superior to the others. We need to stay away from this feeling, and it is important for us always to control the emotion.
Overconfidence doesn't do any good. I think so. Traders should always consider all possible scenarios. Fear and uncertainty can protect them from rash actions. I think that everything should be in moderation.
Confidence is not so good, because at any time the analysis can fall with an increase or fall of bitcoin, it is always good to know when to enter the market, but you should never assume or trust. The market can give a surprise not very pleasant.
With full confidence it is good, but it must be in accordance with our abilities, meaning that we are always optimistic in doing things, with confidence that we can do it, but it would be good if doing something must be careful.
Hello. You just need to understand what you are doing. Understand what and how? Then the question of over-confidence will disappear by itself. Knowledge is power.
Is really a good thing because one minute thought can kill your chance at making some serious money When trading making decision quickly normally save you from losing out although it will be good to watch carefully than making it hot just have some principles on trading and be quick
Well, you need to be confident in what you are doing in order to put in your best in it, therefore having some degree of confidence is necessary. However, when it becomes excessive, it can really get bad because you won't be able to think rationaly and see how things would go. But overall, being confident is better than being consumed in fear and doubt.
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
Based on the experience i would say. All who say it might not have succeeded but yes who are into it for decades know how a decision should be made. This is not all about confidence, this is all about the time and the market growth when you are into trading. Confidence, patience are best characters which should be practiced.
All excessive things will really lead into problem.Lets talk about excess confidence which with this, your decisions do made will be on a hurry yet you are quite sure on your analysis but not most of the time your
predictions and analysis would be right.So,it would end up on frustration and same goes with patience, too much of it will really lead to loss where you do missing out the golden opportunity to sell.
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
Based on the experience i would say. All who say it might not have succeeded but yes who are into it for decades know how a decision should be made. This is not all about confidence, this is all about the time and the market growth when you are into trading. Confidence, patience are best characters which should be practiced.
If you are a long term holder, you will not of course consider the difference of bucks. So, it's not matter to make quick decision here. But when you are a day trader, you must have to take decision instantly so that you don't lose the opportunity.
Not only with trading, on each and everything there should not be over confidence or excess confidence. In history itself one can find more such incidents were kings have lost to their enemies just because of the over confidence that the king has over his soldiers..
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
Confidence and fears are both part of being tradersYou are confident when you see the coins/token You bought are doing good and that is reality
But when the said coins/tokens starts to drops value then the fear took over and you will start to panic
The best thing to do is manage this both for a good results of decision making
Why would you feel a fear if you are already confident about the coins that you choose to buy and trade ? In trading you cant feel both fear and confident but you must only choose one . you choose bieng confident and continue your trades even when the market is in bad condition or listen to your fears and not enter the trading scene at all . basic
Well you need plan and strategy to be able to prevent committing the usual mistakes as a trader. Just like what they say having confidence is good but too much is not right.
We cant predict the next price of our assets therefore if the current situation is in favor for you to sell then think about it.
We cant predict the next price of our assets therefore if the current situation is in favor for you to sell then think about it.
I'd go the slowly but surely type of trading.
Indeed. Its better to be careful than sorry for taking it in hurry, there is a right opportunity and we all know when it is. 
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
Confidence and fears are both part of being tradersYou are confident when you see the coins/token You bought are doing good and that is reality
But when the said coins/tokens starts to drops value then the fear took over and you will start to panic
The best thing to do is manage this both for a good results of decision making
I don't think that excessive confidence will be better in any aspect and not just in cryptocurrency because it could make us greedy.
We will feel that we can make more than what we get and we are trying very hard, but we forget that we cannot make more every time. We need to realize that that sometimes we need to say "it's enough for us and we still have the next days to try."
I think it's a weakness that hiding in your ability because, in a long-term, you will not realize that excessive confidence will ruin what you did until you don't have anything because you are too greedy to chase a perfect result.
We will feel that we can make more than what we get and we are trying very hard, but we forget that we cannot make more every time. We need to realize that that sometimes we need to say "it's enough for us and we still have the next days to try."
I think it's a weakness that hiding in your ability because, in a long-term, you will not realize that excessive confidence will ruin what you did until you don't have anything because you are too greedy to chase a perfect result.
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