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Overconfident
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LeviSievwright5

Member Since Jul 20, 2020  156 posts LeviSievwright5 Oct 23 at 02:22
When a trader makes a consistent profit, he is seen as overconfident. That confidence often leads to trading losses. Forex market of possibilities so it is never possible to trade with 100% target here. If ever an overconfident is created, meditation should be done. Meditation helps to overcome overconfidence.

GeorgeBischof

Member Since Jul 19, 2020  219 posts GeorgeBischof Oct 23 at 09:41
Confident is good but overconfident is not good. It can put you in great danger.

Juan_Garcia

Member Since Jun 05, 2020  31 posts Juan_Garcia Oct 23 at 11:17 (edited Oct 23 at 11:17 )
GeorgeBischof posted:
Confident is good but overconfident is not good. It can put you in great danger.

Agreed! A line between the two is very important.

CanoeMussy

Member Since Jul 03, 2020  28 posts CanoeMussy Oct 26 at 07:03
Both overconfidence and missing something can be harmful for a trader. Try to find logic in everything you do.

ele020

Member Since Apr 15, 2020  47 posts ele020 Oct 27 at 07:16
Trading and confidence are directly proportional to each other, but just like excess of anything is bad, excess of confidence leads to incorrect decision making. For example a trader is tooooooo confident on his trading style and strategy, thus ignores all other factors and blindly flows its strategy. This could take a wrong direction as you should make your strategy flexible with changing market environment.

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