Post
Topic
Board Trading Discussion
Re: Excessive confidence in cryptocurrency trading.
by
FLoving
on 04/01/2020, 17:14:47 UTC
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?
These two conditions come in two different type of people the boldness and confidence comes in a person who have full knowledge about cryptocurrencies and have much experience in trading and have skills to deal with any type of market while the doubt and fear comes in the mind of a newbie trader who do not know enough about the cryptocurrencies, their price structures and do not have enough skills and experience in trading and they come to trade only seeing the profit of other professional traders but that doubt and fear also make him secure from lose many times as if he will remain confident without any skills then he may invest in a shitcoin and will lose all of his money.