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.