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

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

mab8
Jul 22 at 11:27
41 комментариев

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 at 10:59
41 комментариев
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 at 10:38
459 комментариев
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 at 11:16
9 комментариев
One needs a trading plan to stop over confidence. Reading that and sticking to it will stop over trading

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

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

LyudmilLukanov
Aug 05 at 13:40
644 комментариев
Confidence is essential in trading. But don’t overdo it.

Sar John (Sarjohn)
Aug 09 at 05:25
187 комментариев
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.

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