Overconfident

Jun 04, 2018 at 11:08
3,897浏览
87 Replies
会员从Dec 06, 2017开始   21帖子
Aug 12, 2018 at 05:26
I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson
会员从May 20, 2011开始   8帖子
Aug 12, 2018 at 12:42
Was that a demo or live?
nasrul_poyo
forex_trader_458816
会员从Sep 11, 2017开始   124帖子
Aug 13, 2018 at 08:23
In Forex trading, u should put away your thought that your entry would be perfect and sharp entry.
Just think, if so many of us thinking like u, sure many unregulated brokers are close down now.
Too many having perfect entry 😂
会员从Jul 26, 2018开始   9帖子
Aug 13, 2018 at 10:24
I would settle for an imperfect entry as long as I got the direction right. Just knowing that I could make 50pips a week every week would be incredible for me
会员从Jul 27, 2018开始   10帖子
Aug 13, 2018 at 14:42
I find that I get direction right but the stop loss wrong. So if a go Long with a stop loss of 20 pips the price will fall 25 pips and then reverse and head upwards :(
会员从Feb 22, 2011开始   4862帖子
Aug 14, 2018 at 10:17
It is easy to become overconfident when you are lucky and make a huge pile of money
But is is even easier to lose it that way.
会员从Aug 16, 2018开始   11帖子
Aug 16, 2018 at 10:50
Back4Good posted:
I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson

When you didn't find the solution, lesson is the one. And if you don't want to go wrong in the first place, catch the valuable advises as much as you can. :)
会员从Feb 22, 2011开始   4862帖子
Aug 16, 2018 at 11:00
Back4Good posted:
I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson

You have to have good trading plan
You have to stick to it.
Was the trade size increase part of your trading plan, it was not, right?
会员从Sep 01, 2010开始   10帖子
Aug 17, 2018 at 00:52 (已编辑 Aug 17, 2018 at 00:52)
Back4Good posted:
I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson
you are very much placed to be successful buddy. keep going and sure you have really learnt your lesson
会员从Sep 01, 2010开始   10帖子
Aug 17, 2018 at 00:54
Szabolcs1985 posted:
I would settle for an imperfect entry as long as I got the direction right. Just knowing that I could make 50pips a week every week would be incredible for me
perfect mindset.
会员从Aug 09, 2018开始   10帖子
Aug 27, 2018 at 07:23
Back4Good posted:
I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson
Experience teaches a lot.
会员从Aug 29, 2018开始   6帖子
Aug 29, 2018 at 10:44
Abdielfx posted:
Back4Good posted:
I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson
Experience teaches a lot.
Better than anything else, in my opinion
会员从Jun 19, 2018开始   10帖子
Aug 29, 2018 at 10:47
Continuous education plus experience is the key to getting Forex right. No guarantees you will but without that you will definitely fail
会员从Jan 18, 2010开始   17帖子
Aug 29, 2018 at 11:53
Dandelion posted:
Continuous education plus experience is the key to getting Forex right. No guarantees you will but without that you will definitely fail

agreed with that... learning never ending... lot of education needed to beat the market...knowing your self...your emotion...controlled it...do a consistent is the key in the forex 😀
Candles always right
会员从Aug 16, 2018开始   11帖子
Aug 29, 2018 at 11:55
Dandelion posted:
Continuous education plus experience is the key to getting Forex right. No guarantees you will but without that you will definitely fail

Very true. Continuous education is more like a theory part which is pretty boring. But if done continuous learning with continuous experience, it becomes interesting plus knowledge is growing fast and may become good trader if strategy + logic + management is good.
会员从Oct 09, 2017开始   23帖子
Aug 30, 2018 at 06:41
Overconfidence is dangerous.
Trading without knowledge is even more so.
Just ask me. 😳



附件:

会员从Jul 26, 2018开始   3帖子
Aug 30, 2018 at 08:28
estraub posted:
Overconfidence is dangerous.
Trading without knowledge is even more so.
Just ask me. 😳


Right. No knowledge and incomplete knowledge both can be detrimental to our trading prospects.
会员从Aug 31, 2018开始   12帖子
Sep 02, 2018 at 06:12
Overconfidence can be fixed by using a strict trading plan. I insist that my Lot size is a fixed percent of my account. This means that I won't go crazy after a good week
会员从Aug 05, 2019开始   50帖子
Aug 12, 2019 at 09:34
Don’t get influenced by the results of current trades and events and ignore the past information. This thing will be problematic if your trading is affected by your fixation on your current winning or losing trades.
会员从Feb 22, 2011开始   4862帖子
Aug 12, 2019 at 11:26
There is no easy way to consistent profit.
I see it quite often. At the start of trading beginners luck, making 10, 20 or even 50% a week.
Trading on demo, being relaxed, trying to apply the same approach to real trading, failing to do so,
losses as results and panick.
I love my trading robots whose allow me to avoid all that :)
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