1.Fear of being wrong:
The fear of being wrong is a common obstacle for traders who aim to be right all the time. However, this fear can prevent traders from making bold decisions necessary for success and lead to avoidance of risks, missed opportunities, or impulsive decisions based on emotions. Traders should embrace the possibility of being wrong, use it as an opportunity to learn, and turn it into a strength.
Actually, if we are able to manage this fear to be wrong, we can be more careful, wise, and selective in every consideration and decision to take. It is not really wrong at all to think like that because moreover the newbies or all of us will probably need certain analysis and ensure that our decision is not wrong. This is needed and much better than doing it in hurry with less carefulness. I know that being too afraid and too long to make any decision will probably make us lose our chance, but doing it without any consideration and even in still doubt will also not be good for us. So, it is better to be more careful.