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Overconfident
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YellowStoneFX

Member Since Jun 26, 2018  10 posts YellowStoneFX Jul 05 2018 at 08:33
I like to use automated systems to trade with. That way there are no emotions and no over trading
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nasrul_poyo

Member Since Sep 11, 2017  124 posts Nasrul (nasrul_poyo) Jul 05 2018 at 10:47
YellowStoneFX posted:
I like to use automated systems to trade with. That way there are no emotions and no over trading

Same mine cool
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PlatoAlgo

Member Since Jul 05, 2018  8 posts PlatoAlgo Jul 06 2018 at 06:38
I use auto a lot but i find that sometimes some old school gut instinct is best. especially with long term moves
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ReidFX

Member Since Jul 14, 2018  7 posts ReidFX Jul 15 2018 at 06:24
If you use gut instinct to trade then you will end up losing your account. Nothing but hard analytics is what you need in trading
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NoahMartin

Member Since Apr 18, 2018  17 posts NoahMartin Jul 16 2018 at 13:50
Right, analytics (psychological) minus emotional is needed for every traders to success.
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Cappucinotrader

Member Since Jul 24, 2018  7 posts Cappucinotrader Jul 24 2018 at 12:03
I do not understand what do you mean? Do you need to analyse your phycology?
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My7book

Member Since Aug 06, 2018  13 posts My7book Aug 08 2018 at 07:30
Overconfident is a natural way to react especially in trading. And it should be avoided as early as possible to avoid the great loss.
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HappyDog1

Member Since Aug 09, 2018  12 posts HappyDog1 Aug 09 2018 at 10:19
Easier said than done. I find it helps to trade using strict guidelines e.g. only 6 trades per day, risk only 1% of my account. This helps control everything
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TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Aug 10 2018 at 10:28
Even if you have this 'overconfidence' in your mind, markets can bring you down to earth very quickly. It all comes to learn your lesson timely before losing too much!
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Accept the loss as experience
nick3232

Member Since Jan 03, 2018  155 posts nick3232 Aug 10 2018 at 15:07
TiffanyK posted:
Even if you have this 'overconfidence' in your mind, markets can bring you down to earth very quickly. It all comes to learn your lesson timely before losing too much!

wisdom talks here ,second that
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nick123427@
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