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Overconfident

leeson12
Feb 23 at 11:37
6 poster
Overconfident is very very bad, it always end up wiping your account. Even I wouldnt rely on confident as well, just stick with your trading plan.

johnsonfiff
Mar 10 at 05:37
17 poster
That is right. It is better to trade with confidence instead of being overconfident, that is the way to go.

Starcliff
Mar 10 at 11:49
51 poster
if you do not remove self-confidence from trading and have not learned to control yourself, I see no reason to trade.

cameronstanley
Mar 12 at 09:49
18 poster
I agree! Overconfidence has the potential to ruin even a profitable trade. Have to be careful.

SteveHanks
Apr 03 at 16:51
235 poster
leeson12 posted:
Overconfident is very very bad, it always end up wiping your account. Even I wouldnt rely on confident as well, just stick with your trading plan.

Yes. Overconfident can cause a great loss in your trading career.

Faujinn
Apr 05 at 09:56
52 poster
Overconfident people often do not notice these nuances and points that are important for trading and in order to avoid risks and losses.

ele020 (ele020)
Apr 06 at 05:41
211 poster
An overconfident trader is aught to commit basic trading mistakes.

1. Lacks capital management
2. Doesn't pay attention to stop loss.
3. Fails to keep himself updated with market movements, events, news releases etc.
4. Doesn't backtest the trading strategy.

All these mistakes combined lead to disastrous trading.

The more your practice, the more you learn.
hoagsobject
Apr 06 at 09:50
9 poster
Overconfidence is the enemy of almost all endeavours

SofieAndreasen
Apr 07 at 11:17
488 poster
hoagsobject posted:
Overconfidence is the enemy of almost all endeavours

I also agree with you. All kind of human emotion is the enemy of a trader. Try your best to avoid them.

RobSchiz
Jul 04 at 19:37
242 poster
ele020 posted:
An overconfident trader is aught to commit basic trading mistakes.

1. Lacks capital management
2. Doesn't pay attention to stop loss.
3. Fails to keep himself updated with market movements, events, news releases etc.
4. Doesn't backtest the trading strategy.

All these mistakes combined lead to disastrous trading.

You are absolutely right.

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