Two pitfalls to avoid if you want to be a successful trader / investor in crypto trading.
You often find yourself feeling overconfident after a few wins. Those successful trades can make you believe you're smarter or more skilled than you actually are. This overconfidence leads you to take bigger risks, ignore proper risk management, and overlook potential losses.
However, when you miss out on profitable opportunities or make mistakes, regret sets in. It clouds your judgment, leading to impulsive decisions like revenge trading, where you try to make up for losses by taking even riskier actions.
Both overconfidence and regret can seriously affect your decision-making, potentially leading to bad outcomes if you don't handle them carefully. $BTC
