It is the psychology but more importantly it is the emotions that get the best of us. This happens in every facet of life and trading is no different. When we lose we want to get out to stop the pain and when we win we want to book our profits. You must get a better mental state if wanting to achieve big things at trading cryptos imo!
That's right; I agree. I think anyone who losses a lot would want to quickly get back to it to somehow get what they lost. And that's why most traders lose on trades because they do not think their moves through, instead of actually stopping and checking out what caused the losses, what they do is get back on it as quick as possible, which usually ends up with a loss. I know it's difficult to just move on from a loss, especially since it's not my money that's on the line; however, it's critical for a trader to be careful with all his moves to avoid losing because the trade market presents a lot of avenues to lose your capital.