Re: Ego and too much confidence are dangerous in investing.

Quote from: Chipard on February 13, 2023, 12:56:07 PM

2021 I started my journey here in crypto, I was lucky because I was able to invest in other cryptos before it went all the way up. NFTs, P2E games, airdrops and hyped shitcoins lol. Of course I earned a lot and since it's my first time I became very confident thinking I'm so smart lol Grin

. I have more money to spare, so I end up investing left and right carelessly thinking i will earn more but the truth is majority of those i have invested are lost money because of bear market, scam projects and rugpulled shitcoins. I think I am not for crypto Sad

That feeling of regret can make you feel shitty about yourself but don't lose hope as long as you are here.
Many of us would have committed the same mistakes as you did but we learn from our own mistakes and you should too.
Also, everyone becomes a good trader in a bull market but not many can survive the bear market.
Hold yourself up with whatever you have and wait for the bull run again and then take the profits out while you still have them.
Sustaining profits is the biggest challenge in investing where many fail.