as traders we must have the confidence and courage to do all transactions in crypto trading, because if not, we will have difficulty getting maximum results. even if we have a fearful nature when trading crypto we can lose money because of the fear of a FUD or something. confidence must be applied wherever we are in the crypto trade or other trades.
self-confidence is a reflection of assertiveness in decision making. fear will be a kind of bad effect that will drain more ways of thinking, the market continues to move in a high routine. But there are several hypotheses about excessive confidence in which traders do not set sl and left to float, if their analysis is not the same as the trend that ultimately differs then it will definitely fail and need a review by experiencing a number of losses. 
Topic: Excessive confidence in cryptocurrency trading. - page 5. (Read 18582 times)
Too much of everything is bad, so definitely being too confident will earn you losses quickly: you'll hold positions you should get out of because you'll feel the market will move in your favour, chances are you'll become reckless and that can never be a good thing in the highly volative crypto market.
This is a simple rule of nature that even excess of love makes you feel suffocated. Excess of confidence makes you overconfident which is a sure sign of your doom in any profession. Often with overconfidence you ignore minor details and take wrong decisions. I believe that we shall never become damn confident about crypto coins that we are betting with because the market is volatile and your coin start going down anytime.
as traders we must have the confidence and courage to do all transactions in crypto trading, because if not, we will have difficulty getting maximum results. even if we have a fearful nature when trading crypto we can lose money because of the fear of a FUD or something. confidence must be applied wherever we are in the crypto trade or other trades.
Even if you have a lot of confidence but your knowledge about trading is not enough then still you will lose money. There should be balance between your skills, your knowledge and also your self confidence while trading. Those 3 are important characteristics and all of traders should have it to perform and execute well in trading.
And unfortunately that balance is never reached, and since gaining skills and knowledge is so hard then most of the traders that we see have a lot of overconfidence but very little skills and knowledge and that is a very dangerous combination in this market when we know that many coins can crash in a matter of days and an overconfident trader is not going to take the necessary steps to correct his position because he believes he is right all the time and that he can do no wrong. 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?
In my opinion having confidence is good but having excessive confidence is not. The market is a great teacher. The dynamics of the market changes so quickly, and it teaches you or rather punishes you of your excessive confidence very quickly. may be that there is one thing which you do not know about your coin which market knows. that is why an intelligent investor always invest in a portfolio of coins, because even if you may have committed a few mistakes while you are picking some of your coins still you are safe because you can not be wrong with all your coins if you have done your homework properly.
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?
In my opinion having confidence is good but having excessive confidence is not. The market is a great teacher. The dynamics of the market changes so quickly, and it teaches you or rather punishes you of your excessive confidence very quickly. may be that there is one thing which you do not know about your coin which market knows. that is why an intelligent investor always invest in a portfolio of coins, because even if you may have committed a few mistakes while you are picking some of your coins still you are safe because you can not be wrong with all your coins if you have done your homework properly. 
Even if you have a lot of confidence but your knowledge about trading is not enough then still you will lose money. There should be balance between your skills, your knowledge and also your self confidence while trading. Those 3 are important characteristics and all of traders should have it to perform and execute well in trading.
Indeed confidence is useless if you dont have the character that trader should have like knowledge, skills and strategy. Its necessary and a key to become a successful trader. Thus take time learning to be able to do the right thing as a trader because many traders are committing the usual mistakes for not having enough knowledge on what they are doing.
Thats definitely a strategy to trade but cant say it will work out most of the time. Its better to research and look into the project before becoming confident on your investment. After the last ATH of BTC, most of the overconfident traders have lost their money in alt trading so it is not advisable in this much fluctuation.
Too much of everything is bad, so definitely being too confident will earn you losses quickly: you'll hold positions you should get out of because you'll feel the market will move in your favour, chances are you'll become reckless and that can never be a good thing in the highly volative crypto market.
This is a simple rule of nature that even excess of love makes you feel suffocated. Excess of confidence makes you overconfident which is a sure sign of your doom in any profession. Often with overconfidence you ignore minor details and take wrong decisions. I believe that we shall never become damn confident about crypto coins that we are betting with because the market is volatile and your coin start going down anytime. Even if you have a lot of confidence but your knowledge about trading is not enough then still you will lose money. There should be balance between your skills, your knowledge and also your self confidence while trading. Those 3 are important characteristics and all of traders should have it to perform and execute well in trading.
Indeed confidence is useless if you dont have the character that trader should have like knowledge, skills and strategy. Its necessary and a key to become a successful trader. Thus take time learning to be able to do the right thing as a trader because many traders are committing the usual mistakes for not having enough knowledge on what they are doing.
Too much of everything is bad, so definitely being too confident will earn you losses quickly: you'll hold positions you should get out of because you'll feel the market will move in your favour, chances are you'll become reckless and that can never be a good thing in the highly volative crypto market.
Even if you have a lot of confidence but your knowledge about trading is not enough then still you will lose money. There should be balance between your skills, your knowledge and also your self confidence while trading. Those 3 are important characteristics and all of traders should have it to perform and execute well in trading.
Indeed confidence is useless if you dont have the character that trader should have like knowledge, skills and strategy. Its necessary and a key to become a successful trader. Thus take time learning to be able to do the right thing as a trader because many traders are committing the usual mistakes for not having enough knowledge on what they are doing. 
Even if you have a lot of confidence but your knowledge about trading is not enough then still you will lose money. There should be balance between your skills, your knowledge and also your self confidence while trading. Those 3 are important characteristics and all of traders should have it to perform and execute well in trading.
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?
having a strong trust in trading is very necessary because in this way we must be able to take bold actions to eliminate any worries or doubts in it. But if you have excessive trust, of course you should avoid it, especially if the coins we trade are not potential coins and are too trusted if the coins will develop in the future, then there is a possibility that later we will find it easy to lose the money we trade on the coins that we believe in.
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?
To be honest, I don't understand what kind of confidence we're talking about. If these traders mean to buy cryptocurrency confidently, without analyzing the market at all, then I do not agree with their point of view. I believe that cryptocurrency trading should be conducted as carefully as mine clearance in a minefield.What confidence are you thinking?
I am taught that all of the things that are too much is bad.
Confidence is a good thing but being over-confident is not. There are a lot of people that are so over-confident and almost all of them fell from those great heights. I just hope they learned their lesson from that. The market we are dealing with is unpredictable, that is why we should not be over-confident since that will be our downfall.
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?
To be honest, I don't understand what kind of confidence we're talking about. If these traders mean to buy cryptocurrency confidently, without analyzing the market at all, then I do not agree with their point of view. I believe that cryptocurrency trading should be conducted as carefully as mine clearance in a minefield. 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?
To be honest, I don't understand what kind of confidence we're talking about. If these traders mean to buy cryptocurrency confidently, without analyzing the market at all, then I do not agree with their point of view. I believe that cryptocurrency trading should be conducted as carefully as mine clearance in a minefield.What confidence are you thinking?
I am taught that all of the things that are too much is bad.
Confidence is a good thing but being over-confident is not. There are a lot of people that are so over-confident and almost all of them fell from those great heights. I just hope they learned their lesson from that. The market we are dealing with is unpredictable, that is why we should not be over-confident since that will be our downfall.
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?
To be honest, I don't understand what kind of confidence we're talking about. If these traders mean to buy cryptocurrency confidently, without analyzing the market at all, then I do not agree with their point of view. I believe that cryptocurrency trading should be conducted as carefully as mine clearance in a minefield. 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?
A trader will be over confident or much confident if he oftens wins a trade and most of the time it tends to be a close minded for other opinions of hearsays fron other traders which is a totally a bad thing. It is good to have an exessive cinfidence but that doesn't implies fast decision making it nedds always time to analyze before taking action or make a move. Well it's more like a rash and careless decision making for overconfident traders. Mostly happens when they close a good trade and earned good bucks. Feeling invincible. I think a lot of traders can relate to this. The problem with being cocky is that you become a little too emotional. It's the same when you're too doubtful. Both would likely get you lost chances in the long run.
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?
A trader will be over confident or much confident if he oftens wins a trade and most of the time it tends to be a close minded for other opinions of hearsays fron other traders which is a totally a bad thing. It is good to have an exessive cinfidence but that doesn't implies fast decision making it nedds always time to analyze before taking action or make a move. Jump to: