Why Emotions Can Sabotage Your Crypto Trading Strategy
It’s not just charts and strategies that matter in crypto trading; psychology is also important. Many analysts say that emotions are the most important factor that determines whether traders win or lose. Investors often make costly mistakes, such as selling in a panic during dips or chasing parabolic rallies at the top, due to fear, greed, impatience, or even excessive confidence. The ups and downs of the crypto markets exacerbate these emotional swings, even for experienced traders. Therefore, learning how to control those feelings is just as crucial as selecting the right tokens. People who can remain calm during downturns and patient during rallies often reap the best rewards. As the next bull cycle approaches, some analysts…
