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Why is it that traders are often too scared to enter the "best trades" but jump into the worst possible trades with full confidence?
It is because they feel they don't have to take responsibility for a trade that they haven't thoughtfully planned. So when a trade like that goes against them, they “ditch” the responsibility for such a trade and say something like, “Whatever I didn't really care lol.”
But when they do the hard work of analyzing and taking time to find a good trade, suddenly they're afraid to enter. Not because of the volatility, risks and other dynamics of the trade, but because they know that they have to take responsibility for such a trade when it goes against them and admit that they were wrong and made a mistake.
And the idea of admitting they were wrong is often scarier for traders than losing money.
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