There are so many psychological aspects of trading cryptocurrency that affect performance. Fear plays a significant role in trading, as well as in life itself. The ability to recognize fear, and keep it in check, can help traders make more rational decisions and see more consistent results.
In general, fear causes people to make irrational decisions. This can perhaps be seen most clearly in sports. In hockey, for example, one missed scoring chance can turn into a bad game, which can then turn into a slump, which can negatively impact a player’s entire career, if they let it.
Studies have shown that “anxiety can create cognitive overload and impede performance on cognitively demanding tasks”. This directly applies to crypto trading. The effective crypto trader uses significant mental capacity to assess the whole situation and takes into account all the circumstances and possibilities.
Fear has the ability to sidetrack traders, leading them to focus on previous bad trades or failures. TraderFeed explains that “When we become negative in the face of disappointing returns, we can unwittingly create a downward spiral, where we limit our insight and productivity just when we need them most”.
Now we have big pump. Still moving till $11.2_11.5
In general, fear causes people to make irrational decisions. This can perhaps be seen most clearly in sports. In hockey, for example, one missed scoring chance can turn into a bad game, which can then turn into a slump, which can negatively impact a player’s entire career, if they let it.
Studies have shown that “anxiety can create cognitive overload and impede performance on cognitively demanding tasks”. This directly applies to crypto trading. The effective crypto trader uses significant mental capacity to assess the whole situation and takes into account all the circumstances and possibilities.
Fear has the ability to sidetrack traders, leading them to focus on previous bad trades or failures. TraderFeed explains that “When we become negative in the face of disappointing returns, we can unwittingly create a downward spiral, where we limit our insight and productivity just when we need them most”.
Now we have big pump. Still moving till $11.2_11.5