Overconfident

Jun 04, 2018 at 11:08
4,427 Visualizações
87 Replies
Membro Desde Aug 11, 2017   886 postagens
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.
Membro Desde Feb 22, 2011   4862 postagens
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.
Membro Desde May 10, 2018   22 postagens
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
Membro Desde Sep 11, 2017   124 postagens
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 😂
Membro Desde May 30, 2018   20 postagens
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.
Membro Desde Jun 14, 2018   10 postagens
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
Membro Desde Feb 22, 2011   4862 postagens
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
Membro Desde Sep 11, 2017   124 postagens
Jun 17, 2018 at 14:20
I agreed with @togr , and i login my account with investor password. Thats how i control my emotionssss 😂
Membro Desde May 10, 2018   22 postagens
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.
Membro Desde Apr 18, 2018   17 postagens
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.
Membro Desde Jun 26, 2018   10 postagens
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
Membro Desde Sep 11, 2017   124 postagens
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 😎
Membro Desde Jul 05, 2018   11 postagens
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
Membro Desde Jul 14, 2018   10 postagens
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
Membro Desde Apr 18, 2018   17 postagens
Jul 16, 2018 at 13:50
Right, analytics (psychological) minus emotional is needed for every traders to success.
Membro Desde Jul 24, 2018   10 postagens
Jul 24, 2018 at 12:03
I do not understand what do you mean? Do you need to analyse your phycology?
Membro Desde Aug 06, 2018   13 postagens
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.
Membro Desde Aug 09, 2018   12 postagens
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
Membro Desde Feb 12, 2016   427 postagens
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
Membro Desde Jan 03, 2018   162 postagens
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@
Entrar / Cadastrar-se to comment
You must be connected to Myfxbook in order to leave a comment
*Não serão tolerados uso comercial ou spam. O não cumprimento desta regra poderá resultar na exclusão da conta.
Dica: Ao adicionar uma URL de imagem/youtube, você estará automaticamente incorporando-a à sua postagem!
Dica: Digite o símbolo @ para que o nome de um usuário que participe desta discussão seja completado automaticamente.