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More Is Lost By Indecision Than Wrong Decision by readthisplease

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· @readthisplease · (edited)
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More Is Lost By Indecision Than Wrong Decision

Woke up this morning having some rethink of some of the decisions I have made in crypto, while some were fruitful, some were disasters. Coins I had huge faith in hoping they will moon and give me huge profit failed me, while coins I lost hope on and didn’t invest in surprisingly gave huge return. As a human being who over thinks, I started regretting and imagining a situation where I didn’t invest in these coins that disappointed me, but instead, invested more on those coins that gave huge profit. But then, life is all about risks, if we know the outcome of most of our decisions before we make them, I guess we can’t call it risk any more. 

![victoriano-izquierdo-JG35CpZLfVs-unsplash.jpg](https://files.peakd.com/file/peakd-hive/readthisplease/23zbKJAAUo7sDRnd1fM1M6a7hiGUJbz1989rGDdkHTwSLJTeQwAupGXuadVcrkgnbjZ8E.jpg)

 
[source](https://unsplash.com/photos/JG35CpZLfVs)
What makes results worthwhile most times is the risk we had to put to get the result, when we make a decision and it ends up bad or not as we thought it would end, we always find ourselves regretting we took that decision, I remember when I used to trade forex, my mentor once told me that sometimes the best trade is no trade, because you may make a trade that will liquidate your account. Forgetting that just as things could go bad, they can also go great, I know the interpretation of that, was to encourage traders not to always too quick to jump on trades, but then, some people might misinterpret it and get scared to trade because they dont want to lose their funds which will later lead to indecision. But how will you make money if you dont trade? 



If you are always indecisive, it will lead to making no decision, and decisions missed is way worse than wrong decisions, because when you make a decision, there is a fifty fifty chance than you will succeed or fail, but when you make no decision, there is no chance of succeeding or failing. This is where luck and consistency play a vital role, being consistent puts you at a better chance of being lucky some day, but not making any decision and always being indecisive doesn’t create an opportunity for luck or opportunity to give you the chance of being successful. 

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