I disagree . When you feel you really *know* is what loses you money.
Realising you (one) "don't have fkn clue" saves you (one) loads.
Not from my experience at all. Of course, that rule can only apply if a person is capable of distinguishing knowing from hubris.
I shall also confess, that most of the time that I
know, is when I am already on the wrong side of a trade and facing a potential kick in the balls. i then swap sides of the trade and these are the times when i generally win (or avoid losing) pretty big. Sitting trading thinking i am too clever is normally when i make lots of small losses, in stupid trades, that soon add up (despite being a bear, i am/was flipping between both sides of trade all the time). 'Knowing' is unfortunately not something that can be done on purpose, but more a growing instinctual attitude towards positions that have already been taken based on some hair-brained idea or emotional bias. Naturally, the more mental and financial energy I invest in Bitcoin, the more likely I am to get that sense of 'knowing'. Right now, I am not tuned into Bitcoin and have no open positions and I quite frankly don't fucking know what it is going to do next. The last I did know, was that Bitcoin was going to go seriously down, and it has, but that was yesterday and now it is today.
