I think even the HOPE is something that we should keep in check , sometimes we might hold onto even after the market goes down .
Sometimes , it can be so negative and might cause you to loose a lot .
For example :- now Bitcoin is banned in India and jail term for 10 years is to be sentenced to people who actually are holding bitcoins, now we are not so foolish enough to sell and hoping the law might changed , are still holding onto bitcoins.
Maybe anything can happen who knows.
HOPE doesn't give results to what you wanted it will just lead you to some stressful moments everytime you thought about your investment.
CONFIDENCE is the key and at the same time, FEAR will tell you to do the right thing because if you fail you know what will gonna happen next.
You think so, confidence to me is what we actually need to keep in check, because when you are too confident about something, that is when you fail to put necessary precautions that would have guarded against any form of misfortune that sometimes do befall our trade or investment.
It is good to have confidence because it gives us courage but we also need to be very careful not to be over confident, and to me, I would rather replace that fear with passion, because whatever you have passion for, you would not want to fail in it, you would do everything possible for it to bring joy and happiness to you because you love it. Whatever you put your strength and might to out of passion is always quite successful than what you use fear to operate.