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?
Actually it is a great advantage. because there are many people who have good knowledge but then they have doubts about trading methods, and then they miss the opportunity. Self-confidence is a necessity, but to make the most of it, we should have a cool head. We need capital management skills and always set stoploss to avoid the great risks to our account. Those who are confident but lack the discipline to work will become a major drawback.
Therefore, we need to cultivate a lot of capital management skills so that we can trade effectively and raise its confidence to a new level of efficiency.