Quote from: Betwrong on March 20, 2019, 04:43:21 PM

Quote from: Tytanowy Janusz on March 19, 2019, 11:35:39 AM

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Professional trader and poker player will say the same thing: -You loose the most when you are sure that you will win

I'm glad you said it because this is like my motto. I rarely trade but I play poker a lot, and I've noticed that this is what happens most of the time. When you have a great hand and you are sure you'll win, you lose to a better hand. It is especially vexing when you finish on 11th place after going all-in in a tournament with 10 places paid. I folded AA preflop once because the situation was as I described in the previous sentence, and I know I did the right thing. I agree with you, crypto trading and poker are very similar in regard to money management. Even if the probability of winning is very high you have to take into account all the other factors before making a final decision.

On making final decisions this isnt only applicable on just trading or poker.This would suit out on all sorts of things that do require good judgment on the final phase.
There are really some circumstances that even how sure you are with your decisions where there are more much better or good than you which in result to loss together with
some frustration.