How much confidence do you have in yourself when trading?

[libert19]

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.

[JISAN]

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.

[Crypto Library]

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.

[Nheer]

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.

[Chilwell]

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.

[ZAINmalik75]

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 

[sampoerna]

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/

[milewilda]

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 

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.

[Mr. Magkaisa]

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.

[Nheer]

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.

[Blaze]

      -      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.

[albon]

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.

[DavetJack]

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.

[Themepen]

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.

[ZAINmalik75]

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.