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Overconfident
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Justice1024

Member Since Dec 10, 2017  160 posts Justice1024 Dec 11 2017 at 08:27
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.

the_who

Member Since Dec 06, 2017  206 posts the_who Dec 12 2017 at 07:51
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Dec 12 2017 at 15:42
the_who posted:
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?


The middle is having self-awareness. Knowing what you can do, but also knowing what you are bad at and is not a good idea to do.

raphaelcol

Member Since Dec 12, 2017  10 posts raphaelcol Dec 13 2017 at 09:20
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.




We can never overdo the lack of confidence, this is bad even to handle. Time is humble enough to know that we can make mistakes so we have years in the market.

the_who

Member Since Dec 06, 2017  206 posts the_who Dec 13 2017 at 09:21
mlawson71 posted:
the_who posted:
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?


The middle is having self-awareness. Knowing what you can do, but also knowing what you are bad at and is not a good idea to do.


I absolutely agree with you!

Justice1024

Member Since Dec 10, 2017  160 posts Justice1024 Dec 21 2017 at 07:46
the_who posted:
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?


Well, this is the key point to any professionalism: to ignore the human factor.

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Dec 23 2017 at 15:53
Justice1024 posted:
the_who posted:
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?


Well, this is the key point to any professionalism: to ignore the human factor.


I think it's a better idea to take it into account and compensate for it when possible.

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