Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: DavetJack on April 16, 2025, 10:01:01 AM
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
-
Trading is very risky.
I have no confidence in trading because it is very risky and because most traders are losing. Unlike while holding bitcoin which guarantee profit if you do it in long term.
I lose more than I win in trading.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Confidence is something that i dont have that much, even lets say that i've been doing trading for years but it turns out that everytime that i do made or open up a position then there's always that hesitance because i do made out some intraday trading on which simply means that i do made some short term trades on which you would be that still needing up be careful in regarding about your entries and exits. There are those times or moments that you do still have that panic and stress whenever you do saw negative PnL into your trading account on which it do really give out that kind of tense or panic whenever it do happens. Somehow when you do have that experience then you could made out some adjustments but since we are just humans then its always there.
-
We know that when we trading we have a lot of confidence that we will be able to profit here.
I am really not aware that there are people who have a lot of confidence that they will profit from their trades. If there are really people who have this kind of confidence, then I think they should reorient their minds to not only be confident in making profit but also accept even the bad days as part of trading. It is okay to be confident, but losses are bound to happen.
I am not 100% confident that I must make profits, even though that is what I fervently wish for. But then, I am still not a novice, as I try my best to get the necessary education/information to trade effectively. I try my best, but I don't have full control over the outcome.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Anyone who after going through the rigorous process of acquiring trading knowledge and have also mastered it, but still afraid of trading the market at any given time, such person shouldnt be trading at all as trading isn't meant for everyone and he or she is one of those who shouldn't be trading.
As for me, I am always super confident in myself when ever it anytime I open my laptop to trade, even when I don't know what the outcome of that day's trading will be, I am still happy and confident, I am never afraid of approaching the market because I usually don't like being the type of people that die many times before their actual death.
-
Trading is very risky.
I have no confidence in trading because it is very risky and because most traders are losing. Unlike while holding bitcoin which guarantee profit if you do it in long term.
I lose more than I win in trading.
We need to learn to be able to trade well, we must also understand the risks. If you are not sure, it is better to stop first, but in this cryptocurrency trading, the potential is very good to get additional income. I was also hesitant and afraid at first, losses have become a common thing. And finally now I can trade better.
-
We need to learn to be able to trade well, we must also understand the risks. If you are not sure, it is better to stop first, but in this cryptocurrency trading, the potential is very good to get additional income. I was also hesitant and afraid at first, losses have become a common thing. And finally now I can trade better.
It is nice to see that a trader posted that he is trading better now. Which means you are not part of the 85% of traders that are losing. You are part of the 15% that makes money from trading. That is good. But what I know is that trading is very risky and should be done with little amount of money that the person can afford to lose.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
The only reason a trader can be confident with his trades is when he has gained vast knowledge and experience.
He can be confident that his trades can either bring profits or turnaround to become a loss. Then he wouldn't panick like a newbie who takes trading to be gambling.
With my little knowledge on trading, I don't think I'm confident with my trades yet I just trade with faith.. lol
-
Trading is very risky.
I have no confidence in trading because it is very risky and because most traders are losing. Unlike while holding bitcoin which guarantee profit if you do it in long term.
I lose more than I win in trading.
Yes it is good that if we invest with Long term then we have more chances of profit. But if we do not have confidence in ourselves then profiting there is a lot of luxury. Because when we do any work if we do not have confidence that I will be successful in the work then we can never move forward with that work. Yes it is true that a professional investment often loses but they earn their money more by using their own strategies. So I think even though we will have a chance of losing but we have to have confidence that we can profit here and the consideration with our own strategy will be correct we will move forward with the investment with confidence.
-
Depend on the market. In this kind of market, I may not be able to win any trade anymore because its too unpredictable especially if I trade in the shorter time frame like 1hour or 4hour chart.
Although there seem to be an uptrend, the trend isn't straight going up. In an hour the market may hit 85k the next hour it dumps to 83k and then back again to 85k in few minutes. Its not normal.
-
- As long as you know what you are doing in trading and you really understand and have tried yourself to get a profit here every week, not every day but you do not lose profit within a week that means you are confident in what you are doing and using the strategy in the actual trade here in the crypto space.
But it is also not right that you have confidence but you do not have knowledge or your knowledge is not enough in trading, your confidence in trading is still worthless. Sometimes this is the wrong mindset of others, when you make a mistake they will say that it is okay, just trust, we should trust in our own actions if we are changing the wrong way we did before.
-
i want to make sure i win when i trade though so if the market is down, buying is the best option for me and wait til the price goes up. if the market acts this way, i would be more confident in trading but its not doing this way for now.
- As long as you know what you are doing in trading and you really understand and have tried yourself to get a profit here every week, not every day but you do not lose profit within a week that means you are confident in what you are doing and using the strategy in the actual trade here in the crypto space.
But it is also not right that you have confidence but you do not have knowledge or your knowledge is not enough in trading, your confidence in trading is still worthless. Sometimes this is the wrong mindset of others, when you make a mistake they will say that it is okay, just trust, we should trust in our own actions if we are changing the wrong way we did before.
when you find yourself trading while no idea why you buy, you might as well exit the position. been in this situation and then didn't end up well.
-
Trust doesn't mean profit. It's the adoption of strategies and risk assessment that yields profit.
If you fear loss, make your investment low-risk or buy Bitcoin.
-
Confidence is the key but I don't think it directly related to the profits here, we will make what we are supposed to. But I agree that being confident with our strategies can make ourselves to take bold decisions that may end up in a good profits but also it can end up in a loss, we need to accept whatever the outcome is and just move on to next one.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Confidence depends on your analytical skills, how well you can analyze and how long you have experience. Confidence in trading is present in everyone, both those who can analyze well and those who are new, but this is a false confidence. I also have a lot of confidence in myself when I trade. But I can't make very good profits from it. And that's why I don't trust this confidence. And I trade very little. Holding is my first priority.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Confidence depends on your analytical skills, how well you can analyze and how long you have experience. Confidence in trading is present in everyone, both those who can analyze well and those who are new, but this is a false confidence. I also have a lot of confidence in myself when I trade. But I can't make very good profits from it. And that's why I don't trust this confidence. And I trade very little. Holding is my first priority.
analytical skills are indeed needed in trading, because we must have confidence in the analysis that we make and then develop a strategy to get maximum results. good analytical skills can bring profit, so as basic knowledge a trader must master fundamental and technical analysis.
However, if you do not have knowledge about it, you should not trade.
-
analytical skills are indeed needed in trading, because we must have confidence in the analysis that we make and then develop a strategy to get maximum results. good analytical skills can bring profit, so as basic knowledge a trader must master fundamental and technical analysis.
Yep. Traders must understand both technical and fundamental analysis. It is the basic skills that traders must have, it is the way to determine everything in trading. Traders know the time for entry and exit based on the analysis. Good analysis is needed because it will determine the success in trading. That's why it is important to learn first before we start trading. It is because analysis and knowledge have the biggest role in trading.
However, if you do not have knowledge about it, you should not trade.
True, people who have no proper knowledge, they are better to focus on learning first. They don't trade immediately because it only waste money. Without proper knowledge, people are unable to determine the right strategy. They will also have no idea for the right time of entry and exit.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
"Anything that is worth doing is worth doing well", those that are not confidence on trading are basically the inexperienced traders or newbies. Experienced traders are always confidence doing what they know how to do, and it is not a big deal for experienced traders navigating the market with their experiences that will subsequently bring forth huge profit overtimes.
For me, i trade with confidence, though not an expert, but with the level of my experience, i have been doing well, making good profit with less losses.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
To be honest, when I go to trade, I don't have any confidence in myself because every time I would trade thinking that the price would increase, the price of the coin would decrease, and when I thought that the price of the coin would decrease, the price would increase.
And the main reason for this is that my trading analysis knowledge is very limited. So currently, I have abandoned to doing short-term trading and only leaned towards long-term investing.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
To be honest, when I go to trade, I don't have any confidence in myself because every time I would trade thinking that the price would increase, the price of the coin would decrease, and when I thought that the price of the coin would decrease, the price would increase.
And the main reason for this is that my trading analysis knowledge is very limited. So currently, I have abandoned to doing short-term trading and only leaned towards long-term investing.
One of the reason why a trader no confidence in trading is because they trade even though they are not exactly sure in their analysis. If a person has a limited trading knowledge he must stick to the strategy they're really mastered. Once you mastered even one strategy you can still make profit in trading, because the reality that there's no 100% win rate in trading so you only decreasing the probability when you are not sure in your trades.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
To be honest, when I go to trade, I don't have any confidence in myself because every time I would trade thinking that the price would increase, the price of the coin would decrease, and when I thought that the price of the coin would decrease, the price would increase.
And the main reason for this is that my trading analysis knowledge is very limited. So currently, I have abandoned to doing short-term trading and only leaned towards long-term investing.
I believe in my abilities, it does not mean that what I analyze will continue to happen, but at least we must have confidence in ourselves.
However, we should not be excessive, we must have limits so that everything runs well. Because if we are overly confident, then that is not self-confidence in my opinion, it is more about us being emotional because there is something we want to get.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Confidence is not something that is built immediately you venture into trading. You’ll have to grow it and become better overtime. Trading is learned and overtime it becomes just like a person seeking for knowledge continuously, just as you can never know it all in the book of life and continue to adjust to your mistakes, so you have to continue learning in trading and improve overtime. Confidence will come when the time comes, it’s not forced and when you get it right, you’ll see yourself becoming so confidence and hold more trades till take profit instead of fear pushing you to close your trades when you’ve not reached your target.
-
...
You'll be more confident in the results you can deliver in trading when you've had successful results in the past, especially when the results are consecutive. You will doubt your ability a bit if you've lost more than you've won in trading or if you're coming from a losing streak. Confidence in trading is not always the same; this is why traders always have to stay motivated and informed, because the information you have about the market is what adds up to your confidence level.
-
Confidence comes from how we prepare ourselves to do it. in this case, crypto trading, where this trading is very high risk. if not, it will be easier to lose money than to get it. Therefore, if we already have good knowledge, good analysis methods, discipline, and also a strong mentality, then we can carry out the trading process, learning by doing. with adequate risk management. it can certainly be as optimal and confident as that.
However, of course, it is not easy, because we will not always get the expectations that match our desires. there must be various difficult and unpleasant processes. so that it will make us stressed or desperate. and regarding this trading for me, I am actually not very good at analysis, so that does not make me good at trading.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Based on my trading experience and knowledge, I have come to a point that confidence alone can't make you a successful trader and also that trading goes beyond just taking risks, attaining such a level that you make steady profits in trading demands a lot of skills and expertise since trading have similar characteristics with gambling which are that making success outcome in both depends on luck sometimes.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Based on my trading experience and knowledge, I have come to a point that confidence alone can't make you a successful trader and also that trading goes beyond just taking risks, attaining such a level that you make steady profits in trading demands a lot of skills and expertise since trading have similar characteristics with gambling which are that making success outcome in both depends on luck sometimes.
You know trading is above having confidence while trading but as you made mention we should be that reliance on our confidence but also look out for the possibilities of acquiring more winning while trading, this involved going for information and guideline to lead us to a successful trading experience. Most time a simple strategy could help us to achieve the profit that people usually be longing for.
-
Actually, best trading will depend on our trading knowledge. So i believe that our trading confidence also depend on our trading capacity and trading knowledge. When we want to Start to trade in cryptocurrency market, we know carefully observe cryptocurrency market and must do trading analysis. Because when we want to start trading analysis then we can earn easily from trading system. So if we follow in this system clearly, i confidently say that, it must be helpful source for us.
-
Personally, when I trade, my confidence is 100% because I trust and do not doubt my movements and my analysis In case I lose, which happens , I still take Advantage to learn, that is the question of this, however, when we are People who do not trust our plan, Insecurities begin to change the plan and not comply with our own rules , that is what you should never do , because it will turn into total financial chaos.
-
Personally, when I trade, my confidence is 100% because I trust and do not doubt my movements and my analysis In case I lose, which happens , I still take Advantage to learn, that is the question of this, however, when we are People who do not trust our plan, Insecurities begin to change the plan and not comply with our own rules , that is what you should never do , because it will turn into total financial chaos.
From my perspective, confidence is important in trading and should be combined with healthy portion of flexibility which allows to change strategies and adapt to the new information. If one is very certain and decides to discard new signals from the market, it can leave an area that should remain open for evaluation. Scepticism is not something that has to be eradicated, but an indication that there is something we are not taking into account. That is where you really have control if you can sustain optimism while preserving flexibility to change the approach for better. Therefore the problem is not in confidence as such but in the way that the balance is so maintained as to prevent the resultant stubbornness that is so harmful.
-
I believe in my abilities, it does not mean that what I analyze will continue to happen, but at least we must have confidence in ourselves.
However, we should not be excessive, we must have limits so that everything runs well. Because if we are overly confident, then that is not self-confidence in my opinion, it is more about us being emotional because there is something we want to get.
Yes I was going to saying the same things here. We have to also remind that confidence is good for us but over confidence is more dangerous even if we don't have any confidence in our self while we are doing trading.
It is true that given the confident people's also face losses may be some time they were in our confident? My saying was here is when you don't have any skill how to you get the confidence and even if you get any confidence on yourself while you are not know much about trading analysis then you are must over confident.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
No one can have complete confidence at least I don't have and I haven't seen any expert with complete confidence and never heard anyone saying that they have complete assurance that their trade will make them profit 100%.
Although it depends on the accuracy of the trader. If that trader is making profit from 7 trades and losing only 3 that's a very good accuracy but it also depends on the amount too. If a person is losing more in those 3 trades and earning less in those 7 trades then that's also not profitable.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
No one can have complete confidence at least I don't have and I haven't seen any expert with complete confidence and never heard anyone saying that they have complete assurance that their trade will make them profit 100%.
Although it depends on the accuracy of the trader. If that trader is making profit from 7 trades and losing only 3 that's a very good accuracy but it also depends on the amount too. If a person is losing more in those 3 trades and earning less in those 7 trades then that's also not profitable.
It is not easy to have full confidence and I don't think anyone can reach 100% because crypto is unpredictable. We can only approach accuracy, if we are a professional trader or someone who is an expert in trading.
While for those who are still learning like me, sometimes they also lose confidence when the market suddenly changes and dives sharply. I think this is normal, because that's how the crypto market behaves.
-
I believe in my abilities, it does not mean that what I analyze will continue to happen, but at least we must have confidence in ourselves.
However, we should not be excessive, we must have limits so that everything runs well. Because if we are overly confident, then that is not self-confidence in my opinion, it is more about us being emotional because there is something we want to get.
Yes I was going to saying the same things here. We have to also remind that confidence is good for us but over confidence is more dangerous even if we don't have any confidence in our self while we are doing trading.
It is true that given the confident people's also face losses may be some time they were in our confident? My saying was here is when you don't have any skill how to you get the confidence and even if you get any confidence on yourself while you are not know much about trading analysis then you are must over confident.
Knowledge and experience that will make someone have confidence. because with long experience we do not panic when we see market movements that are different from our hopes and predictions. and it takes a long time to be able to understand the character of the crypto market, so with focus and patience we will be able to always practice making analysis that will support our confidence.
-
I believe in my abilities, it does not mean that what I analyze will continue to happen, but at least we must have confidence in ourselves.
However, we should not be excessive, we must have limits so that everything runs well. Because if we are overly confident, then that is not self-confidence in my opinion, it is more about us being emotional because there is something we want to get.
Yes I was going to saying the same things here. We have to also remind that confidence is good for us but over confidence is more dangerous even if we don't have any confidence in our self while we are doing trading.
It is true that given the confident people's also face losses may be some time they were in our confident? My saying was here is when you don't have any skill how to you get the confidence and even if you get any confidence on yourself while you are not know much about trading analysis then you are must over confident.
Well of course the growing self-confidence must be based on clear reasons and in this case we must base our self-confidence on knowledge and skills.
If we continue to learn tirelessly, then the knowledge will come and self-confidence becomes something natural. However, if we never do anything to increase our knowledge, while we feel confident, then that is wrong in my opinion.
-
I believe in my abilities, it does not mean that what I analyze will continue to happen, but at least we must have confidence in ourselves.
However, we should not be excessive, we must have limits so that everything runs well. Because if we are overly confident, then that is not self-confidence in my opinion, it is more about us being emotional because there is something we want to get.
Yes I was going to saying the same things here. We have to also remind that confidence is good for us but over confidence is more dangerous even if we don't have any confidence in our self while we are doing trading.
It is true that given the confident people's also face losses may be some time they were in our confident? My saying was here is when you don't have any skill how to you get the confidence and even if you get any confidence on yourself while you are not know much about trading analysis then you are must over confident.
Knowledge and experience that will make someone have confidence. because with long experience we do not panic when we see market movements that are different from our hopes and predictions. and it takes a long time to be able to understand the character of the crypto market, so with focus and patience we will be able to always practice making analysis that will support our confidence.
A person's confidence is based on his knowledge and his analysis or observation. If the analysis he makes with his knowledge and experience is correct or a little risky, then he should not be afraid, he can be patient by believing in his analysis. We accept that it takes a lot of time to understand the cryptocurrency market, but we should spend enough time on it so that we can quickly get a lot of ideas about it or gain a lot of knowledge so that we can move forward in the future.
I mean if a person does not have patience and experience and along with that confidence in what he is doing then he will never be able to succeed in anything. Because if he does not have confidence in his experience then how will he impart knowledge to others or help others. We know that a professional investor also gives their comments in many forms and we can learn a lot from their posts and we can also take a lot of ideas from it.
-
I believe in my abilities, it does not mean that what I analyze will continue to happen, but at least we must have confidence in ourselves.
However, we should not be excessive, we must have limits so that everything runs well. Because if we are overly confident, then that is not self-confidence in my opinion, it is more about us being emotional because there is something we want to get.
Yes I was going to saying the same things here. We have to also remind that confidence is good for us but over confidence is more dangerous even if we don't have any confidence in our self while we are doing trading.
It is true that given the confident people's also face losses may be some time they were in our confident? My saying was here is when you don't have any skill how to you get the confidence and even if you get any confidence on yourself while you are not know much about trading analysis then you are must over confident.
Well of course the growing self-confidence must be based on clear reasons and in this case we must base our self-confidence on knowledge and skills.
If we continue to learn tirelessly, then the knowledge will come and self-confidence becomes something natural. However, if we never do anything to increase our knowledge, while we feel confident, then that is wrong in my opinion.
yeah, self-confidence must be based on knowledge and skills, because there must be a strong reason if we believe in ourselves. Knowledge is very much needed in this case and skills can be honed by always practicing to become experts that make us more confident.
of course experience greatly influences a person's self-confidence, the more experience they will be more confident.
-
Knowledge and experience that will make someone have confidence. because with long experience we do not panic when we see market movements that are different from our hopes and predictions. and it takes a long time to be able to understand the character of the crypto market, so with focus and patience we will be able to always practice making analysis that will support our confidence.
That's correct.
Now if I talk about myself, I am most of the time confident about my long-term holding in bitcoin because the knowledge I have gained from the crypto space over the past few years has always given me confidence when it comes to investing in bitcoin for the long term and that has helped me gain confidence.
And in the case of short-term trading, this is completely the opposite because I still don't know much about technical analysis knowledge, maybe one day after I learn it, I will be completely confident in short-term trading.
-
Knowledge and experience that will make someone have confidence. because with long experience we do not panic when we see market movements that are different from our hopes and predictions. and it takes a long time to be able to understand the character of the crypto market, so with focus and patience we will be able to always practice making analysis that will support our confidence.
That's correct.
Now if I talk about myself, I am most of the time confident about my long-term holding in bitcoin because the knowledge I have gained from the crypto space over the past few years has always given me confidence when it comes to investing in bitcoin for the long term and that has helped me gain confidence.
And in the case of short-term trading, this is completely the opposite because I still don't know much about technical analysis knowledge, maybe one day after I learn it, I will be completely confident in short-term trading.
Lol, I'm in the opposite position than you are! I thought I was experienced enough to hold a long position, which I did actually, but it gave me a hard blow. My overconfidence now making me regret my decision, why the fcuk did I do did! I had taken a very long position but failed to achieved my goal. Worst year of my entire living life!
Knowledge and experience are certainly better! But overconfident isn't! Everyone should remember that!
-
Lol, I'm in the opposite position than you are! I thought I was experienced enough to hold a long position, which I did actually, but it gave me a hard blow. My overconfidence now making me regret my decision, why the fcuk did I do did! I had taken a very long position but failed to achieved my goal. Worst year of my entire living life!
Knowledge and experience are certainly better! But overconfident isn't! Everyone should remember that!
Dude, I was talking here about my long-term investment on bitcoin not on the future trade -_-
If I had gone into futures trading and taken a long trade maybe I would have been in the same situation as you. Because I don't know anything about futures trading and that's why I never go there to trade, there are also a few other reasons. I've seen some people lose huge amounts of money in front of me, so I don't have much interest in it.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
To be honest, I don't have enough confidence in all of my decisions in this market. I'm afraid that I will lose money, I'm afraid of missing the best opportunities with the best tokens in the market, I'm afraid that I will only 2x while other investors can easily 20x - 200x.
That lack of certainty in my psychology shows that I'm still not able to become a professional trader in this market. Professional traders don't care about market volatility, they just believe that trading at that moment is reasonable and the best. If their predictions are correct, they will have large profits, otherwise they will lose a little money after the stop-loss order is triggered. Professional traders usually look at trading activity in the long term, as long as a small number of winning trades make a large amount of money to compensate for losing trades and ensure a net profit for them.
-
Dude, I was talking here about my long-term investment on bitcoin not on the future trade -_-
If I had gone into futures trading and taken a long trade maybe I would have been in the same situation as you. Because I don't know anything about futures trading and that's why I never go there to trade, there are also a few other reasons. I've seen some people lose huge amounts of money in front of me, so I don't have much interest in it.
Opps my mistake! I was sleepyhead so I didn't pay attention! Everything aside, have you been able to do that long term holding? Because most of the people I know around me, from my local and so on, including myself wasn't very successful in holding. Whenever I tried an emergency popped up out of nowhere and I had to pull out. I have seen many people saying hold hold hold, hold for a couple of years, or DCA but never seen anyone practically doing that! The method is very effective, I am well aware of that. But when it comes to applying it practically many of us fails to do so due to lack of financial independence!
-
I believe in my abilities, it does not mean that what I analyze will continue to happen, but at least we must have confidence in ourselves.
However, we should not be excessive, we must have limits so that everything runs well. Because if we are overly confident, then that is not self-confidence in my opinion, it is more about us being emotional because there is something we want to get.
Yes I was going to saying the same things here. We have to also remind that confidence is good for us but over confidence is more dangerous even if we don't have any confidence in our self while we are doing trading.
It is true that given the confident people's also face losses may be some time they were in our confident? My saying was here is when you don't have any skill how to you get the confidence and even if you get any confidence on yourself while you are not know much about trading analysis then you are must over confident.
Well of course the growing self-confidence must be based on clear reasons and in this case we must base our self-confidence on knowledge and skills.
If we continue to learn tirelessly, then the knowledge will come and self-confidence becomes something natural. However, if we never do anything to increase our knowledge, while we feel confident, then that is wrong in my opinion.
Exactly why i take learning seriously. The more ones knowledge increases the confident the person would be. In trading, making mistakes is inevitable, I won’t say i’m fully confident in my trades yet because sometimes it literally takes the other way around.
-
Well of course the growing self-confidence must be based on clear reasons and in this case we must base our self-confidence on knowledge and skills.
If we continue to learn tirelessly, then the knowledge will come and self-confidence becomes something natural. However, if we never do anything to increase our knowledge, while we feel confident, then that is wrong in my opinion.
yeah, self-confidence must be based on knowledge and skills, because there must be a strong reason if we believe in ourselves. Knowledge is very much needed in this case and skills can be honed by always practicing to become experts that make us more confident.
of course experience greatly influences a person's self-confidence, the more experience they will be more confident.
Experience will shape us into better people as long as we make that experience a lesson, because many also have bad past experiences but in the future they fall into the same hole.
If so they do not learn from experience and that is actually the problem. And it would be very unfortunate if we had to be like that, because we cannot take advantage of mistakes or anything in the past.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Hmmmm, I think so.
I mean in every trade that I do, I have a level of confidence in it based on the indicators, and the strategy that I'm using. Whenever I enter a trade, there are times where I believe that I will make a profit from that trade, and there are also times where I feel that I will end up making a loss on it despite of the confluences. Yes, there's no assurance in everything especially in crypto trading, and as a trader, we need to make sure that we have to at least lessen our losses if needed that's why we have stop-loss just in case.
Experience will be a great teacher when it comes to crypto trading. The more that you trade, the more that you will learn everything hence, the lesser the fear will be as well. Just make sure that you will not lose in trading or at least lessen it.
-
Therefore the problem is not in confidence as such but in the way that the balance is so maintained as to prevent the resultant stubbornness that is so harmful.
You're right, trading doesn't make us get rid of all those mistakes that we thought we had overcome, but something very common is stubbornness , not accepting that things should be done as they Should be and not how we think they should be done, that's why many traders lose, I was also very stubborn and I believed that things had to happen as I thought they would, it was like trying to force the movement and that is the worst thing that can be done, we should not force anything because we do not have the power to move the market, and we end up losing money.
-
0. That's why I don't trade.
...And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear.
Possibly because whatever they have learned doesn't guarantee profit?
Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Market doesn't run on trader's confidence. So answer is, no.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Those who actually have good knowledge about trading and believe that trading will never guarantee anyone profit, they have confidence in themselves through their analysis, but they do not have overconfidence. Because they themselves believe that they can lose in trading. However, those who are new to trading and are successful in a few trades regularly have a lot of confidence in themselves and because of their confidence, they take very large amounts of trades, due to which their losses are very high.
-
Opps my mistake! I was sleepyhead so I didn't pay attention!
so stop taking "lal pani" while you are on forum.
Everything aside, have you been able to do that long term holding? Because most of the people I know around me, from my local and so on, including myself wasn't very successful in holding. Whenever I tried an emergency popped up out of nowhere and I had to pull out. I have seen many people saying hold hold hold, hold for a couple of years, or DCA but never seen anyone practically doing that! The method is very effective, I am well aware of that. But when it comes to applying it practically many of us fails to do so due to lack of financial independence!
why not? I am still on holding even then bitcoin was cross the 109k my target was another. ANd What I personally think is holding bitcoin is the easiest think to do in investment like you don't need to be panic atleast that bitcoin will be vanish from market ever, But it can be till to on that time when you are using the idle fund I mean the fund which won't need to be touch while you are in emergency situation.
And even I also did some gap in my DCA fund but it also help me when I used very little amount for regualr investment. So that it's something like I have done a DPS on the bank.
-
Opps my mistake! I was sleepyhead so I didn't pay attention!
so stop taking "lal pani" while you are on forum.
Everything aside, have you been able to do that long term holding? Because most of the people I know around me, from my local and so on, including myself wasn't very successful in holding. Whenever I tried an emergency popped up out of nowhere and I had to pull out. I have seen many people saying hold hold hold, hold for a couple of years, or DCA but never seen anyone practically doing that! The method is very effective, I am well aware of that. But when it comes to applying it practically many of us fails to do so due to lack of financial independence!
why not? I am still on holding even then bitcoin was cross the 109k my target was another. ANd What I personally think is holding bitcoin is the easiest think to do in investment like you don't need to be panic atleast that bitcoin will be vanish from market ever, But it can be till to on that time when you are using the idle fund I mean the fund which won't need to be touch while you are in emergency situation.
And even I also did some gap in my DCA fund but it also help me when I used very little amount for regualr investment. So that it's something like I have done a DPS on the bank.
sticking to your plan and strategy shows a quality of a good investor in you. When one stick to his or her plan or strategy as a trader then the trader exhibited the act of discipline, cause he or she has discipline him or her self to stick to his own knowledge and strategy the results is either two ways either the stop loss got it or the take profits got it so discipline is a very positive attribute to trading.
So you sticking to your own strategy and waiting for your bitcoin to hits your own strategy then that a very discipline strategy from you nice work man. Keep the good work going the positive result will come soon.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Being positive about your mission is very important. Because what is the essence of wasting your time, effort and energy on something that you think is not going to held a positive result. Before you start trading, you must master some courage to make sure you never lose yourself in whatsoever the situation may be. You must struggle first before you become a successful person. Not just trading, everything that is going to be beneficial to you will be risky and challenging. You must possess full confidence before you start trading, what is the point of trading when you didn't believe in yourself.
-
It is not easy to have full confidence and I don't think anyone can reach 100% because crypto is unpredictable. We can only approach accuracy, if we are a professional trader or someone who is an expert in trading.
While for those who are still learning like me, sometimes they also lose confidence when the market suddenly changes and dives sharply. I think this is normal, because that's how the crypto market behaves.
It is right because if even pros had 100% confidence why would they setup stop losses, why would they book their profits regularly or after some interval and why would they change their plan continuously?
Market is not always stable, which means if we have made a plan for a year, it won't follow your plan of 1 year we have to keep checking and looking for the dips so we can accumulate more and make more. 100% confidence can only be built if a person have time machine :D
-
0. That's why I don't trade.
When in a condition like this, yes it is true, just don't trade. And this is a very wise decision, rather than forcing yourself and eventually getting a lot of losses.
Those who actually have good knowledge about trading and believe that trading will never guarantee anyone profit, they have confidence in themselves through their analysis, but they do not have overconfidence.
Usually when someone is overconfident, it is actually their ability is not that good. and in fact more often losses, because overconfidence is bad behavior and attitude in several things, and actually makes him not want to be self-aware and equip himself as well as possible, because he feels very capable of winning, but does not pay attention to several other factors including the security of past rulers/
-
It is not easy to have full confidence and I don't think anyone can reach 100% because crypto is unpredictable. We can only approach accuracy, if we are a professional trader or someone who is an expert in trading.
While for those who are still learning like me, sometimes they also lose confidence when the market suddenly changes and dives sharply. I think this is normal, because that's how the crypto market behaves.
It is right because if even pros had 100% confidence why would they setup stop losses, why would they book their profits regularly or after some interval and why would they change their plan continuously?
Market is not always stable, which means if we have made a plan for a year, it won't follow your plan of 1 year we have to keep checking and looking for the dips so we can accumulate more and make more. 100% confidence can only be built if a person have time machine :D
There's no such thing about 100% winning rate when it comes to trading no matter how professional you are but still you do have the chance on losing up trades and this is inevitable. Market is unpredictable and there's no way that we can be that always that winning up on trades. This is where consistency kicks in on which no matter how hard on dealing up with volatile space and despite of the loses that you do have then you do able to handle yourself and able to sustain. What matter the most here is on how you do set up yourself and able to sustain despite of the loses you do have, but still you do end up on being profitable in the end of the day. Confidence would be only mold up at the time that you do already gain up experience on what you are currently dealing into.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
- It is also difficult to be too confident in our trading activity because it can only cause us stress when what we expect to happen does not happen, that is where we often start to get disappointed in cryptocurrency.
It is better to just trade according to the analysis we see that we think is the direction of the price we are doing the trading activity. As long as the expectation we feel is only moderate and not too much, you know that everything in excess is painful.
-
We know that when we trading we have a lot of confidence that we will be able to profit here. However, there are many who cannot trust themselves or have no assurance that they will be able to profit here during trading. And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear. Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
- It is also difficult to be too confident in our trading activity because it can only cause us stress when what we expect to happen does not happen, that is where we often start to get disappointed in cryptocurrency.
It is better to just trade according to the analysis we see that we think is the direction of the price we are doing the trading activity. As long as the expectation we feel is only moderate and not too much, you know that everything in excess is painful.
To much of everything is definitely bad, not only in trading even in real world but I guess not to much money lmao. Over confidence over one’s strategy or analysis can lead to lose and sometimes trading capital gotten blown away cause the trader will definitely want to place almost all his capital or equity on a certain trade which will definitely lead to disaster cause placing all your equity into a entry is bad they is still a lot of opportunity in the market that you can analyze and get profitable. So overconfidence is a really bad idea and as a trader don’t practice that attribute just place what you can afford to lose on a entry so you won’t be left in depression and emotional pain.
-
- It is also difficult to be too confident in our trading activity because it can only cause us stress when what we expect to happen does not happen, that is where we often start to get disappointed in cryptocurrency.
It is better to just trade according to the analysis we see that we think is the direction of the price we are doing the trading activity. As long as the expectation we feel is only moderate and not too much, you know that everything in excess is painful.
Trading involves a lot of emotions especially once one is depending on the profit they should make from the exercise. However, if one sets high expectations, they may become frustrated, and it may have a negative impact on the trader’s mentality. It is always healthier to be a little realistic in the expectation that one places on a certain market for his or her commodities. Over expectations on certain things can lead to numerous problems such that analysing and making proper decisions on available facts will be more helpful. Therefore, one should learn to keep expectations under control and modify strategies to fit existing market trends so as to have a stable emotional state in trading.
-
I think there is no one size fits all strategy in trading. So trading is a method where you can make profits by combining your risk tolerance, then trading strategy and experience etc. So you will get the confidence to make profits only when you are very experienced in that subject. You will have a clearer idea of which crypto strategies are compatible with your trading goals and risk tolerance. A well planned trading strategy provides clarity and discipline. So important in a volatile market where sudden price fluctuations can lead to irrational decisions. The more I research and practice trading, the higher my confidence level will be so I have to spend time and money on everything.
-
0. That's why I don't trade.
...And even using their own strategies or the knowledge they have gained about the trading market does not remove their fear.
Possibly because whatever they have learned doesn't guarantee profit?
Do you think that you have complete confidence in yourself when trading that you will be able to profit here.?
Market doesn't run on trader's confidence. So answer is, no.
Yes, we know that trading does not run on confidence, it is promoted by their own knowledge. As much as they can do with their knowledge and use their own strategies, they can move forward in their life. However, there are many people who cannot be sure even after investing, so they rely on confidence.
-
It is big difference between knowing how trading works and feeling sure to make trades and earn money. It is true that even if you have good plan and know much about market you can still feel unsure and scared and that can stop you from doing well. Confidence to trade successfully really comes from knowing much and having experience and also following your plan carefully and at the end controlling your emotions and those are things that are specific to people who trade. And if you ask me so I always trade with confidence and if it goes wrong I try to find my mistakes and try to fix it for the next time. :)
-
There's no such thing about 100% winning rate when it comes to trading no matter how professional you are but still you do have the chance on losing up trades and this is inevitable. Market is unpredictable and there's no way that we can be that always that winning up on trades. This is where consistency kicks in on which no matter how hard on dealing up with volatile space and despite of the loses that you do have then you do able to handle yourself and able to sustain. What matter the most here is on how you do set up yourself and able to sustain despite of the loses you do have, but still you do end up on being profitable in the end of the day. Confidence would be only mold up at the time that you do already gain up experience on what you are currently dealing into.
No one can be perfect and there is a saying we should not seek perfection but we should start acting because that's the first and the only step we have to make in order to be perfect not fully but to some level only.
With time we can be more perfect then we were at start, this experience is everything for a trader, either they are new or old, they have to start their journey to learn more otherwise theoretically, they won't and dreaming to get 100% win on all trades is just a dream and let it be.
-
There's no such thing about 100% winning rate when it comes to trading no matter how professional you are but still you do have the chance on losing up trades and this is inevitable. Market is unpredictable and there's no way that we can be that always that winning up on trades. This is where consistency kicks in on which no matter how hard on dealing up with volatile space and despite of the loses that you do have then you do able to handle yourself and able to sustain. What matter the most here is on how you do set up yourself and able to sustain despite of the loses you do have, but still you do end up on being profitable in the end of the day. Confidence would be only mold up at the time that you do already gain up experience on what you are currently dealing into.
No one can be perfect and there is a saying we should not seek perfection but we should start acting because that's the first and the only step we have to make in order to be perfect not fully but to some level only.
With time we can be more perfect then we were at start, this experience is everything for a trader, either they are new or old, they have to start their journey to learn more otherwise theoretically, they won't and dreaming to get 100% win on all trades is just a dream and let it be.
Well, this one will be helping you out on pushing yourself into dealing up with this volatile space on which trying out to be perfect will be that pursue you to trade up even more because you are trying out to achieve something. Yes, it does have that also the chance that boosting up your confidence on which later on you will be able to realize that perfect trades cant be possible but on the moment that you've seen greens then this what matter the most. So it will be that up to you whetehr you will be continuing up with that kind of mentality or would be just that totally stop just because you've seen yourself having that kind of positive effects basing up into those impressions that you do have currently.
-
Well, this one will be helping you out on pushing yourself into dealing up with this volatile space on which trying out to be perfect will be that pursue you to trade up even more because you are trying out to achieve something. Yes, it does have that also the chance that boosting up your confidence on which later on you will be able to realize that perfect trades cant be possible but on the moment that you've seen greens then this what matter the most. So it will be that up to you whetehr you will be continuing up with that kind of mentality or would be just that totally stop just because you've seen yourself having that kind of positive effects basing up into those impressions that you do have currently.
I need you to know that what you are currently going through is perfect preparation for creating a stronger perception. And if push comes to shove, trying to attain highly effective results, you will just be spinning in circles because of the fatigue. But, the moment one can enjoy each achievement without keeping a comparison to such demands, he or she is likely to experience the real sense of achievement. The converge view as the way forward will enable one to remain anchored and steady in the face of rapidly occurring changes because the vision to see the value that has been created is more important.