How much confidence do you have in yourself when trading?

[ZAINmalik75]

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.

[densus88]

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.

[Hisbullah]

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.

[$crypto$]

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.

[DavetJack]

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.

[legend45]

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.

[Crypto Library]

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.

[DYING_S0UL]

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!

[Crypto Library]

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.

[MrSpasybo]

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.

[DYING_S0UL]

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!

[Z-crypt]

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.

[$crypto$]

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.

[LogitechMouse]

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.

[LUCKMCFLY]

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.