Useful ideas for everyone:

Understanding the Dunning–Kruger effect

It is a cognitive bias that leads a person to overestimate their abilities, especially at the beginning of their career after graduation.

In the image, we observe:

1. Initial overconfidence

2. A sharp decline in confidence after facing the reality shock

3. Gradual recovery of confidence with the accumulation of experience

We see this strongly in the world of investing.

New investors tend to have more confidence than seasoned investors; many believe they know and understand better and that their 'luck' is better than others.

This is very normal and observed in the majority of people.

Therefore, understanding the impact of this curve and this idea is very important to avoid mistakes early on.

$Jager $X $BTC