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Overconfident

Justice1024
Dec 11 2017 at 08:27
210 príspevkov
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.

the_who
Dec 12 2017 at 07:51
256 príspevkov
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?

mlawson71
Dec 12 2017 at 15:42
1487 príspevkov
the_who posted:
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?


The middle is having self-awareness. Knowing what you can do, but also knowing what you are bad at and is not a good idea to do.

raphaelcol
Dec 13 2017 at 09:20
10 príspevkov
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.




We can never overdo the lack of confidence, this is bad even to handle. Time is humble enough to know that we can make mistakes so we have years in the market.

the_who
Dec 13 2017 at 09:21
256 príspevkov
mlawson71 posted:
the_who posted:
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?


The middle is having self-awareness. Knowing what you can do, but also knowing what you are bad at and is not a good idea to do.


I absolutely agree with you!

Justice1024
Dec 21 2017 at 07:46
210 príspevkov
the_who posted:
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?


Well, this is the key point to any professionalism: to ignore the human factor.

mlawson71
Dec 23 2017 at 15:53
1487 príspevkov
Justice1024 posted:
the_who posted:
Justice1024 posted:
Mohammadi posted:
Overconfidence can still have our mistake in terms of loosening our trading or say that we might ignore or miss something that is significant. Still, too much in Forex will be bad and will not benefit a trader and these includes in both having too much confidence and lack of confidence.


Both states are not appropriate in Forex.


Аnd where is the middle of these states?


Well, this is the key point to any professionalism: to ignore the human factor.


I think it's a better idea to take it into account and compensate for it when possible.

EbonyJones
Oct 05 2020 at 12:32
232 príspevkov
Before enter into the live trading you should practice demo trading. It wil;l help you to check your ability and also help to check your strategy and planning.

Michael Bai (michaelbai)
Oct 07 2020 at 06:31
33 príspevkov
Confidence isn't the issue, its unjustified confidence and the actions made following. Some allow the arrogance of unjustified overconfidence to let them trade without a SL, trade without testing first the strategy, and so on. Ive met alot of traders in this industry, and the ones that usually have issues are the ones who are reckless with their accounts like a teenager first hitting puberty.

Pay attention to....is it confidence from a proven track record or arrogance? And someone stated above keep your professionalism which removes the emotions. The numbers dont lie....if you are not profitable you shouldnt be confident at your trading ability unless you are jsut trying to build commissions with your brokerr.

Take Challenges Head On
Wolfgang
Oct 07 2020 at 06:36
38 príspevkov
Whenever you start to feel yourself like Batman in front of your terminal, step away for a while and return when you are back to not Batman *lol*.

If you trade when you are absolutely certain that the price will go up and it is actually you who command the market, large losses wait around the corner. Been there ..... done that.

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