Fear in decisions making

in LeoFinance2 years ago

psychologicaltradingmistakes.jpgsource

People have many reason in making their decisions and even the most stupid decision comes with a stupid reasons. As a normal human being you have to make a decisions base on something whether good or bad.

Decisions are core aspects of life where at some point in our lives we will make them so as to make us better or put us in a better place. The truth is no one knows tomorrow and making a decision does not guarantee anything that is why it has to be carefully done.

Decisions can be dangerous too and sometimes leave a scar that we will never forget and too many mistakes in decisions making leads to fear in more decisions which can be detrimental in every way.


Fear in decisions making


People believe fear is generally a bad thing but that's not true because fear sometimes make us avoid the biggest mistakes of our lives. Fear is human nature and normal to experience it but should not be a major thing in making our decisions.

The truth is no risk no reward, there's no investment without it risks but whenever our fear stops making the right decisions like investing in a good projects we later regret it or doing something stupid later.

This happen often in crypto, when your fear stops you from investing and later when the investment boom another type of fear now set in which is fear of missing out which can be very bad most times because it always ends in great loss.


Decisions management


We can manage our decisions by making a proper research and work towards it, knowledge is only thing that can clear the foot print of doubt in our heart.

When you understand what you want to invest in, the vision and the team behind a project it reduces fear,even if you know the risk behind the project, your fear won't be the major factor you are not joining or investing.

Thanks for your time.

Posted Using LeoFinance Beta

Sort:  

For investment decisions, fear is not the best advisor. If you are anxious you might miss the best buys since when stocks or crypto is cheap, the sentiment on the markets is bad. So one gets easily distracted from his original plan like „I will buy x or y when the price comes down z percent.
It’s good to respect your fears but one needs to set them aside a bit to invest anticyclical. What do you think?
Regards Thomas

It is good to respect your fear in making decisions and instead of backing out you can do your own research to clear doubts and some other things

Posted Using LeoFinance Beta

Fear is definitely something that causes me to miss out on some opportunities. However research is definitely the best way to alleviate the fear.

Posted Using LeoFinance Beta


The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.