From my own personal experience , I have found out the bitter truth of how some certain types of emotions can cause mayhem to a person whenever he or she is actively trading on the cryptocurrency market .
I have realized that emotions like greed , like fear , like doubts , like over-confidence etc are all among the types of emotions that can ruin the prospective trades of a person..
Greed have made me to embark on several trading journey without making use of good risk management , I wanted to make more money no matter the conditions of the market at that moment , it made me to trade without doing my due diligence, I was only interested on making more and more money and did not even bother to manage my money well, infact I wanted alot of money and so I was not willing to manage my money accordingly simply because I believe it will hinder me from taking the kind of risks which I want to take in order for me to make huge money easily...
The more greedy I was while trading , the more my risk management became poor , I was not engaging in a meaningful risk management that could have helped me to prevent myself from a great loss incase if my predictions on the market goes wrong..
I have learnt a great lesson concerning emotions and the crypto market , and that is why I have totally realized that one must avoid some certain kinds of emotions if he or she wants to truly be a successful trader, the more you avoid those emotions , the more your chances of succeeding in the market will increase..
Learn from my own experience and make amendments incase if you are also guilty of the same thing or you are getting guilty of it.....
