How much confidence do you have in yourself when trading?

[milewilda]

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.

[Legion]

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.

[milewilda]

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.

Thats why its really that important on setting up some goals when you are trying out to achieve into something on which there might be some distractions along the way but it wont be that totally messes up if ever you do set your mindset in stone on which you are thriving to achieve or reach it out. Now that we are talking about challenges then its just that something which is inevitable. There's no way that you cant be able to think up about into those probabilities about into the potential challenges that you might be able to encounter on which this is where you do made out some preparations just incase for these things to happen. It will be just that so normal that you do commit mistakes but what matters on where is that on how you do able to adapt accordingly.

[SmartGold01]

Thats why its really that important on setting up some goals when you are trying out to achieve into something on which there might be some distractions along the way but it wont be that totally messes up if ever you do set your mindset in stone on which you are thriving to achieve or reach it out. Now that we are talking about challenges then its just that something which is inevitable. There's no way that you cant be able to think up about into those probabilities about into the potential challenges that you might be able to encounter on which this is where you do made out some preparations just incase for these things to happen. It will be just that so normal that you do commit mistakes but what matters on where is that on how you do able to adapt accordingly.

You know confidence comes from how informative one could be while trading or how much research they have done while learning how to trade.
Trading and making profits comes from how good the such person could be while trade and not just how much confident they have. I can HV enough confidence that I can trade very well but on the other side I don't know how to trade but filled with confidence to trade.
Before someone should have conference this can also depends on the level of knowledge they had already gained for long period of time and even if they are venturing into to trading it would give them that confident to make profits from their trades.

[debra]

Being much confident when trading is caused by understanding our skills and mental readiness, money, and also our knowledge. Don't let us be very confident, but in fact our readiness is only limited to a strong desire to create many profits from trading. So, when we become more confident, yes, we must make sure that we have indeed gotten into it seriously, more than other efforts to do.

You know confidence comes from how informative one could be while trading or how much research they have done while learning how to trade.
Trading and making profits comes from how good the such person could be while trade and not just how much confident they have. I can HV enough confidence that I can trade very well but on the other side I don't know how to trade but filled with confidence to trade.

Because what really happens is that someone is really confident to do trading and hopes to get very high profits in a short time, like people, creating such good opportunities in various trading pairs, both Bitcoin and new altcoins that are really hype, and so on. This behavior actually has to be reduced and minimized because it is called greed while their ability is not that good to plan and also to do something high risk. Because trading is a high risk, right?

[SmartGold01]

Being much confident when trading is caused by understanding our skills and mental readiness, money, and also our knowledge. Don't let us be very confident, but in fact our readiness is only limited to a strong desire to create many profits from trading. So, when we become more confident, yes, we must make sure that we have indeed gotten into it seriously, more than other efforts to do.

You know confidence comes from how informative one could be while trading or how much research they have done while learning how to trade.
Trading and making profits comes from how good the such person could be while trade and not just how much confident they have. I can HV enough confidence that I can trade very well but on the other side I don't know how to trade but filled with confidence to trade.

Because what really happens is that someone is really confident to do trading and hopes to get very high profits in a short time, like people, creating such good opportunities in various trading pairs, both Bitcoin and new altcoins that are really hype, and so on. This behavior actually has to be reduced and minimized because it is called greed while their ability is not that good to plan and also to do something high risk. Because trading is a high risk, right?

Greed factor, most times it's not that they are that really ready to venture into what they wanted but due to profits and how people do share their good news and testimonies through what they had have from the trading and investment they become easily triggered towards also having to venture into same thing.

[DavetJack]

It is very important for us to trust ourselves while trading. But this must be done through married faith. Before you trade on any currency, your confidence should come from knowledge. It is very important to study technical analysis, market trends and trading psychology. And the main thing here is that you should never invest more than you can afford to lose. You should invest as much as you can and use your own knowledge to earn here.

[Hisbullah]

Being much confident when trading is caused by understanding our skills and mental readiness, money, and also our knowledge. Don't let us be very confident, but in fact our readiness is only limited to a strong desire to create many profits from trading. So, when we become more confident, yes, we must make sure that we have indeed gotten into it seriously, more than other efforts to do.

You know confidence comes from how informative one could be while trading or how much research they have done while learning how to trade.
Trading and making profits comes from how good the such person could be while trade and not just how much confident they have. I can HV enough confidence that I can trade very well but on the other side I don't know how to trade but filled with confidence to trade.

Because what really happens is that someone is really confident to do trading and hopes to get very high profits in a short time, like people, creating such good opportunities in various trading pairs, both Bitcoin and new altcoins that are really hype, and so on. This behavior actually has to be reduced and minimized because it is called greed while their ability is not that good to plan and also to do something high risk. Because trading is a high risk, right?

Greed factor, most times it's not that they are that really ready to venture into what they wanted but due to profits and how people do share their good news and testimonies through what they had have from the trading and investment they become easily triggered towards also having to venture into same thing.

The good news that many people spread will make us greedy, and we forget the initial plans and targets that we have set.
That's why we should always stick to the initial target, so as not to lose the opportunity to gain profit because of greed.

[LUCKMCFLY]

Personally, every time I trade I put my trust 100%, even more, because every move I make is well thought out. That's why I like to trade long term, so that I have more range of reaction later However, when I trade short term I'm not very sure of my moves. It's all based on pure experience and following some rules that always work when the market is very volatile, I'm talking about a market that lasts for about 1 minute.

[Bobcrypto]

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.

Let make it known to you that trading crypto requires huge capital to make make reasonable profit at intervals. There no way you will compare a trader with small capital and another trader with large capital to earn when prices increases at a little margin.
Now, this is a good example on a Spot market trading, Trader "A", has $100, while Trader "B" has $1000 as trading capital respectively. Both enter btc buy position at $80k during a bearish market conditions, fortunately, price rise slightly to $82k, and both traders decided to sell, who do you think will first close his position or take profits?
I will tell you that Trader "B" with better capital will close his position faster than Trader "A" at this $82k small price difference.
In a nutshell, every business has it own risk, and crypto, stock, others has their risks, and generally, business is a pool of risks in my opinion.

[Alone055]

Nowadays, I'm mostly trading futures, and I do it pretty confidently because I know what I'm doing. I wait for the right moments, whether when the market has peaked or when it has gone down pretty well, and then I make my trades, and I don't use the whole capital in a single trade because I want funds as back up so that if the market goes in the opposite direction, I can either add more into the trade to push the entry price higher/lower, or, add some funds as margin to push the liquidation price to stay on the safe side.

Futures trading is risky, I know, and it's not recommended for those who are new to the market because if you don't know how you should manage your trades, you will lose money every day. Since I manage my trades with care and with minimal risk (I don't use large leverage), I'm usually in profit and I'm happy with it.

[DavetJack]

It is very important for all of us to have confidence in ourselves while trading. Because those of us who trade have our own strategies and knowledge. And they use them to trade. And if you are not confident in your strategy, analysis, and decisions, then you can be afraid of small market fluctuations or as a result you can make wrong decisions. But another thing is that no market can be trusted like a door, it is very dangerous. Along with trust, your discipline, proper knowledge, risk management, and emotion control are also very important. So we should analyze everything well during our trading and then move forward.

[Hatchy]

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.?

Well we should know very well that confidence comes along side your wins and profits. When you begin to make a reasonable amount of money from the market, you don't just build your portfolio but also your confidence because for every win you make, you get to experience a different move in the market. Losses on the other hand tarnish confidence. It's as a result of loss that most traders give up in the market.

[Rengga Jati]

Greed factor, most times it's not that they are that really ready to venture into what they wanted but due to profits and how people do share their good news and testimonies through what they had have from the trading and investment they become easily triggered towards also having to venture into same thing.

Exactly, greed factor, always becomes one of the factors that makes us experience many losses. Indeed, there must be asset management that is arranged so that we set a kind of target in several stages, so that we can control our unlimited desires and hopes and so that we become more logical in expecting profits. And we also have to pay attention to this and consider it from several sides, one of which is the type of coin and also how the fundamentals are at that time.

Because there are many situation if during trading it has taken place and we actually lose the right chance to take profits because we are too lulled by the increase and hope for more, without realizing that there will be various conditions that turn around very quickly which will actually cause big losses for us.

[Bobcrypto]

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.

I suggest that the best trading strategy to try your ability should be the Low time frame style, or you can trade as a scalper.to reduce losses, especially you are on a spot trading options.
If the market is very volatile or bearish, it is better to switch on the Low Time frame trading strategy, that is, between 5 minutes to 60minutes to exist your position. This is my opinion
There is one thing you should try to observe or pay closer attention, that is, market down trends movements occurs more frequently than the uptrends movements. In other words, priced goes down more, than the time taken to move up or recover.