Overconfident

Jun 04, 2018 at 11:08
3,883 Zobrazení
87 Replies
Členom od Aug 11, 2017   886 príspevkov
Jun 04, 2018 at 11:08
For keeping survive in this volatile trading place confident is needed but overconfident is will harmful , sometimes because overconfident then leading trader greedy in trades, and dare to take risk in trading which actually the market very dynamic and not always after trade open trades then will directly get profit.
Členom od Feb 22, 2011   4862 príspevkov
Jun 05, 2018 at 05:45
I would say many users here are overconfident.
Without proper knowledge, without single profitable account
they post their nonsenses here and they are not open minded to get some more knowledge from the feedback.
Členom od May 10, 2018   22 príspevkov
Jun 12, 2018 at 12:16
togr posted:
I would say many users here are overconfident.
Without proper knowledge, without single profitable account
they post their nonsenses here and they are not open minded to get some more knowledge from the feedback.
I agree with you.
nasrul_poyo
forex_trader_458816
Členom od Sep 11, 2017   124 príspevkov
Jun 13, 2018 at 06:20
Overconfident comes when you had a serious debt. You need express money to clear it or at least you can breath. Unfortunately, most of them unlucky 😂
Členom od May 30, 2018   20 príspevkov
Jun 14, 2018 at 10:27
Overconfidence should be avoided at all costs as sometimes this market can turn against your expectations within seconds. It will land you in a tight spot as you become hungrier for more profits putting your earnings in risk. Learn from your mistakes and of others as well.
Členom od Jun 14, 2018   10 príspevkov
Jun 14, 2018 at 13:29
But how can one avoid over confidence. It is human nature to think you are great when results have been going well for months
Členom od Feb 22, 2011   4862 príspevkov
Jun 14, 2018 at 14:49
StanfordB posted:
But how can one avoid over confidence. It is human nature to think you are great when results have been going well for months

Simply create robots to trade for you like me.
nasrul_poyo
forex_trader_458816
Členom od Sep 11, 2017   124 príspevkov
Jun 17, 2018 at 14:20
I agreed with @togr , and i login my account with investor password. Thats how i control my emotionssss 😂
Členom od May 10, 2018   22 príspevkov
Jun 18, 2018 at 11:59
Mohammadi posted:
For keeping survive in this volatile trading place confident is needed but overconfident is will harmful , sometimes because overconfident then leading trader greedy in trades, and dare to take risk in trading which actually the market very dynamic and not always after trade open trades then will directly get profit.
Not just in trading but overconfidence could be fatal in every field.
Členom od Apr 18, 2018   17 príspevkov
Jul 04, 2018 at 10:06
Overconfidence will surely hit the traders lose their balanced mindsets and the view becomes strongly influenced by their beliefs. That weapon surely hurts them badly.
Členom od Jun 26, 2018   10 príspevkov
Jul 05, 2018 at 08:33
I like to use automated systems to trade with. That way there are no emotions and no over trading
nasrul_poyo
forex_trader_458816
Členom od Sep 11, 2017   124 príspevkov
Jul 05, 2018 at 10:47
YellowStoneFX posted:
I like to use automated systems to trade with. That way there are no emotions and no over trading

Same mine 😎
Členom od Jul 05, 2018   11 príspevkov
Jul 06, 2018 at 06:38
I use auto a lot but i find that sometimes some old school gut instinct is best. especially with long term moves
Členom od Jul 14, 2018   10 príspevkov
Jul 15, 2018 at 06:24
If you use gut instinct to trade then you will end up losing your account. Nothing but hard analytics is what you need in trading
Členom od Apr 18, 2018   17 príspevkov
Jul 16, 2018 at 13:50
Right, analytics (psychological) minus emotional is needed for every traders to success.
Členom od Jul 24, 2018   10 príspevkov
Jul 24, 2018 at 12:03
I do not understand what do you mean? Do you need to analyse your phycology?
Členom od Aug 06, 2018   13 príspevkov
Aug 08, 2018 at 07:30
Overconfident is a natural way to react especially in trading. And it should be avoided as early as possible to avoid the great loss.
Členom od Aug 09, 2018   12 príspevkov
Aug 09, 2018 at 10:19
Easier said than done. I find it helps to trade using strict guidelines e.g. only 6 trades per day, risk only 1% of my account. This helps control everything
Členom od Feb 12, 2016   427 príspevkov
Aug 10, 2018 at 10:28
Even if you have this 'overconfidence' in your mind, markets can bring you down to earth very quickly. It all comes to learn your lesson timely before losing too much!
Accept the loss as experience
Členom od Jan 03, 2018   162 príspevkov
Aug 10, 2018 at 15:07
TiffanyK posted:
Even if you have this 'overconfidence' in your mind, markets can bring you down to earth very quickly. It all comes to learn your lesson timely before losing too much!

wisdom talks here ,second that
nick123427@
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