The Impulse Trap and How Bad Habits that Trip Up Traders Can be Bypassed Easily
18d ago•
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The last couple of years have seen the crypto market swing through multiple bull and bear runs, resulting in millions of knee-jerk trades (driven by emotion and undisciplined risk-taking). To this point, a survey published during Q4 2024 revealed that 63% of U.S. crypto holders had their investments go awry due to their own emotionality. In the same survey, an astonishing 84% of the respondents admitted they’d made investment choices based on FOMO, while 81% acted on FUD-fueled panic (aspects that go contrary to the basic tenets of profitable trading). That said, poor impulse isn’t a new problem as
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18d ago•
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