Confidence is a good thing for an investor or trader to have whenever He or she wants to enter into the crypto market to invest/ trade , but too much of some certain things can be bad for a crypto trader and one of those things that must not be too much is confidence , confidence is good but a crypto trader should not be over-confident when investing or trading on the crypto market..
When you are over-confident as a trader or as an investor , it makes you to shut your mind against whatever that is happening on the market chart and whatever it is telling you simply because you believe that your analysis can never fail and so you believe you can always predict the crypto market all the time and that you will never fail , this makes you to engage even in trades which you are not ought to engage in..
Over-confidence could make you as a trader to rely too much on your own supposed knowledge about the market and that could make you give less attention to money management and risk management because you believe that your trades would never fail and so you see no need for money management or risk management, and that could be the beginning of the problem for you on the crypto market..
Confidence is good for you as a trader but avoid OVER-CONFIDENCE...
Posted Using LeoFinance Beta
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