Overconfident

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.

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.

Overconfident is not good for trading. It can put you in great danger.

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.

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

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.

Agree with all here, overconfidence puts you in trouble.

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.

One should have confidence but overconfident person always make mistakes and in this volatile market you cannot afford to make any mistake.

Overconfident can put you in great danger. You can loss all your money because of your overconfident nature.

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.

Many traders empty their accounts due to this issue, overconfidence and lack of proper plan.

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.

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).

Overconfidence leads to endless failures. We have to be really calm. Gotta understand the difference between being confident, under confident and over confident.

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.

Always trade with your plan, not your emotion even your confidence.

If you don't want your emotions to play a cruel joke on you, write a trading plan and follow it clearly.

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.