You become Blind to negative signals. You defend the coin like your own brainchild against all criticism. Leads to holding losses to death due to an inflated ego. 🔹 Remedy Strategy: Separate Effort from Value. Be ready to kill your own investment ideas if the market proves them wrong. Mindset: I do not love this coin. I only love its ability to make money. If it stops performing, I fire it.
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Dangerous Consequence:
You become Blind to negative signals.
You defend the coin like your own brainchild against all criticism.
Leads to holding losses to death due to an inflated ego.
🔹 Remedy Strategy:
Separate Effort from Value.
Be ready to kill your own investment ideas if the market proves them wrong.
Mindset: I do not love this coin. I only love its ability to make money. If it stops performing, I fire it.