Overconfident

Jun 04, 2018 at 11:08
3,553 Angesehen
87 Replies
Mitglied seit Jul 19, 2020   788 Posts
Aug 21, 2020 at 00:23
Harmful objects for overconfident trading. Overconfident can empty your account balance because when a trader becomes overconfident, it is not good for him to be in any discipline. They do not follow any money management to make a profit and increase the lot size. And they always want to do over-trading. As a result of this over-trading, losses are incurred. Risk rewards are never noticed.
Mitglied seit Jul 20, 2020   298 Posts
Aug 21, 2020 at 06:54
The cause of losses in overconfident trading. Traders who trade overconfident can never become successful traders. Over-trading people always work with greed, so even if they make a profit, they can't keep that profit for long. This over-trading comes from overconfident. I become overconfident when I make a lot of profit together. And from that overconfident, I lose that profit again. That's why it's never right to be overconfident in trading.
Mitglied seit Jul 20, 2020   232 Posts
Sep 22, 2020 at 20:59
Overconfident is not good for trading. It can put you in great danger.
Mitglied seit Sep 18, 2020   31 Posts
Sep 23, 2020 at 06:48
EbonyJones posted:
Overconfident is not good for trading. It can put you in great danger.
True in every field. Have to keep a balance between low in confident and over confidence.
Mitglied seit Jun 05, 2020   33 Posts
Sep 23, 2020 at 12:00
Over confidence takes a trader close to losses.
It is important to stay confident while trading, but a lil over confidence can mar it all
forex_trader_1786937
Mitglied seit Aug 23, 2020   142 Posts
Sep 23, 2020 at 15:01
Always respect the market movement by not being full of yourself, my consistency making profits is because I always respect the market and follow trends of the market any direction it breaksout.
Just respect the market and not try to boss the market from your overconfidence and you will be a profitable trader always. That is my own secret of making profits.
Mitglied seit Sep 08, 2020   32 Posts
Sep 29, 2020 at 07:20
Agree with all here, overconfidence puts you in trouble.
Mitglied seit Jul 27, 2020   102 Posts
Sep 29, 2020 at 11:41
Over confidence is one of those trait that require controlling in order not to get your account wiped out. You will have to be yourself and not getting the best of what market is showing else you are losing more than you can count.
Mitglied seit Mar 16, 2020   54 Posts
Oct 17, 2020 at 11:15
One should have confidence but overconfident person always make mistakes and in this volatile market you cannot afford to make any mistake.
Mitglied seit Jul 19, 2020   318 Posts
Oct 18, 2020 at 20:21
Overconfident can put you in great danger. You can loss all your money because of your overconfident nature.
Mitglied seit Jul 19, 2020   788 Posts
Oct 19, 2020 at 00:49
Loss is inevitable if you are trading in volatile market conditions. Part of the loss in overconfident trading. You have to trade with the possibility of the Forex market. And if one wants to make a 100% profit in this market of possibilities, it is never possible. Money management and risk management are not followed if it is overconfident. This is why many traders make losses.
Mitglied seit Oct 05, 2020   18 Posts
Nov 10, 2020 at 11:23
Many traders empty their accounts due to this issue, overconfidence and lack of proper plan.
Mitglied seit Nov 19, 2020   104 Posts
Nov 19, 2020 at 06:42
Joao91 posted:
Many traders empty their accounts due to this issue, overconfidence and lack of proper plan.
Agreed! There has to be that thin line between confidence and over confidence, which lacks in many traders.
Mitglied seit Aug 17, 2020   123 Posts
Nov 19, 2020 at 07:17
Overconfidence can be really detrimental, but it is also bad if you don't feel confident enough. In the latter case, you might feel more fearful and stressed than you should. We have to find a middle ground where we have an adequate amount of self-confidence (which can be a challenge, of course).
Mitglied seit Jun 24, 2020   34 Posts
Nov 19, 2020 at 07:25
Overconfidence leads to endless failures. We have to be really calm. Gotta understand the difference between being confident, under confident and over confident.
Mitglied seit Mar 17, 2021   536 Posts
May 24, 2021 at 18:42
EllisParker posted:
Overconfidence leads to endless failures. We have to be really calm. Gotta understand the difference between being confident, under confident and over confident.
Overconfidence is the most dangerous thing in the forex market.
Mitglied seit Jul 23, 2020   759 Posts
Jun 09, 2021 at 07:57
Always trade with your plan, not your emotion even your confidence.

Mitglied seit Nov 23, 2020   46 Posts
Jun 10, 2021 at 07:40
If you don't want your emotions to play a cruel joke on you, write a trading plan and follow it clearly.
Mitglied seit Jul 19, 2020   788 Posts
Jun 11, 2021 at 18:13
Confidence needs to be controlled so that it is not overconfident. I calm myself by meditating when I make extra profit. That doesn't make me overconfident.
Mitglied seit May 13, 2021   12 Posts
Jun 13, 2021 at 06:36
In everything you need to know when to stop and then you can safely trade and see the result that is obtained
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