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Overconfident

Cordawield
Jul 06 2021 at 04:31
65 posts
Sometimes overconfidence is confused with confidence, and as a result, it has a detrimental effect on your trading results.

boydgraves
Jul 22 2021 at 07:02
10 posts
Not just trading, overconfidence is not a right mindset in any field.

mab8
Jul 22 2021 at 11:27
41 posts

Overconfidence is one of the worst mindframes to take when trading. If you feel overly confdent you are bound to neglect the importance of considering risks and you will not be careful enough. The result will be that you either miss important indications and trends, act too quickly or rashly, and ultimately end up suffering losses.

mab8
Jul 26 2021 at 10:59
41 posts
mlawson71 posted:
Can you recommend any ways to overcome such overconfidence? Any practical advice?

I would suggest trying to ask yourself every time whether you feel that this decision is safe enough considering the risks you can see and predict? Making this a habit could help. I like to do this myself.

RobSchiz
Jul 27 2021 at 10:38
535 posts
mab8 posted:

Overconfidence is one of the worst mindframes to take when trading. If you feel overly confdent you are bound to neglect the importance of considering risks and you will not be careful enough. The result will be that you either miss important indications and trends, act too quickly or rashly, and ultimately end up suffering losses.

Overconfidence is very dangerous. You should be careful about your trading.

teadragon1
Jul 27 2021 at 11:16
9 posts
One needs a trading plan to stop over confidence. Reading that and sticking to it will stop over trading

croisssan
Jul 27 2021 at 13:15
658 posts
At times, losses can be very good at lowering your confidence level. Moreover, sometimes it is very good.

mattieharper
Jul 28 2021 at 07:19
16 posts
Never be overconfident trust me that burns more money and gives stress it is ever good for long run in trading

LyudmilLukanov
Aug 05 2021 at 13:40
735 posts
Confidence is essential in trading. But don’t overdo it.

Sar John (Sarjohn)
Aug 09 2021 at 05:25
187 posts
LyudmilLukanov posted:
Confidence is essential in trading. But don’t overdo it.

Yes, do not think that you will always win, you might lose and be prepared for it.

Malajind
Aug 10 2021 at 04:05
75 posts
Those who think they can work without usually lose a lot and get frustrated quickly enough.

Starcliff
Aug 16 2021 at 07:37
55 posts
There should be a line in everything, especially in terms of the emotional approach to trading.

HeavenLeighGill (HeavLeighGill26)
Aug 18 2021 at 15:37
150 posts
True. Doubting yourself and being too full of yourself can both wreak havoc on trading profits. I’ve experienced both. At first I was overly anxious and headstand, which caused me to lose out on a lot. Once I got better at trading I got a little too comfortable risking too much and lost a good bit, which was enough to humble me. I think the best traders find the balance between the two.

Simonnon
Nov 16 2021 at 08:51
6 posts
Over confidence in case of trading activity can lead to unpleasant consequences. For example, if you see that everything is okay you start to open positions chaotically and turn off your brain and logic. Everything because you think that you have started to feel the market and you can do everything and will be profitable.
Nevertheless it's not like that and often such behvaior on the market leads to blowin of accounts. Be careful with this thing.

skihav
Nov 16 2021 at 14:22
530 posts
Oh, is there this 'cool' project here too?

shortant
Nov 19 2021 at 08:06
41 posts
Overconfidence can lead a trader to make decisions that are careless, impulsive, and rash. These types of decisions can lead to the loss of money in trading; this is especially true in the Forex market because of its high volume and volatility. So, a trader should be careful to maintain control over emotions and let logic rule the actions rather than overconfidence.


GraceGilm
Nov 26 2021 at 16:33
154 posts
shortant posted:
Overconfidence can lead a trader to make decisions that are careless, impulsive, and rash. These types of decisions can lead to the loss of money in trading; this is especially true in the Forex market because of its high volume and volatility. So, a trader should be careful to maintain control over emotions and let logic rule the actions rather than overconfidence.


such decisions are called wrong, and overconfidence leads to this, therefore, faithfulness in their decisions should be moderate

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