Most of us fall prey to this cognitive bias in some fashion, be it in crypto, tradfi, life, hobbies, relationships etc…
But it can be VERY costly in the investment world. Not only can it potentially lose you much more money than you thought, but it can be a huge opportunity cost to outperformers and can ignite much more than that within you such as negative momentum roll in which you make more bad decisions down the line from beating yourself up over this and or chasing.
Here is an excerpt from the Owl Section I am currently working on. Remember, the Owl is the patient, clinical, studious and cautious investor than researches meticulously and only invests once extremely convicted in something:
This is likely affecting you somewhere in life. Becoming aware of it in the first place is often the hardest part. Then comes letting go.
Cheers, Jaymes.
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