Overconfident

Oct 31, 2017 at 15:39
Przeglądane 2,639
50 Replies
Uczestnik z Jul 07, 2021   41 postów
Jul 26, 2021 at 10:59
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.
Uczestnik z Jun 17, 2021   9 postów
Jul 27, 2021 at 11:16
One needs a trading plan to stop over confidence. Reading that and sticking to it will stop over trading
Uczestnik z Jun 15, 2021   16 postów
Jul 28, 2021 at 07:19
Never be overconfident trust me that burns more money and gives stress it is ever good for long run in trading
Uczestnik z Jul 23, 2020   869 postów
Aug 05, 2021 at 13:40
Confidence is essential in trading. But don’t overdo it.
Uczestnik z Dec 28, 2020   187 postów
Aug 09, 2021 at 05:25
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.
Uczestnik z Aug 07, 2020   75 postów
Aug 10, 2021 at 04:05
Those who think they can work without usually lose a lot and get frustrated quickly enough.
Uczestnik z Nov 16, 2020   55 postów
Aug 16, 2021 at 07:37
There should be a line in everything, especially in terms of the emotional approach to trading.
Uczestnik z Aug 05, 2021   401 postów
Aug 18, 2021 at 15:37
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.
Uczestnik z Sep 02, 2020   14 postów
Nov 16, 2021 at 08:51
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.
Uczestnik z Nov 02, 2021   73 postów
Nov 19, 2021 at 08:06
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.

Uczestnik z May 07, 2022   40 postów
Jul 13, 2022 at 06:38
Traders intend to be overconfident once they begin to make profits. This is something that no trader, new or experienced, should ever adopt or follow. What is really helpful is patience and maintaining a level of confidence.
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