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Author Topic: How much confidence do you have in yourself when trading?  (Read 2834 times)

Offline SPOON_MOJO

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Re: How much confidence do you have in yourself when trading?
« Reply #75 on: May 06, 2025, 01:15:08 AM »
Honestly I dont think anyone can have 100% confidence all the time in trading, There are just too many variables and the market is unpredictable But I do think with experience and a sound strategy you can create enough confidence to adhere to your plan Fear never goes away fully but learning to control it is what makes the difference

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Re: How much confidence do you have in yourself when trading?
« Reply #75 on: May 06, 2025, 01:15:08 AM »

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Re: How much confidence do you have in yourself when trading?
« Reply #76 on: May 06, 2025, 03:08:19 AM »
Losses on the other hand tarnish confidence. It's as a result of loss that most traders give up in the market.
It is for this reason that we must understand that every time we trade we must see that everything is possible, that losses are part of this, and that for whatever Reason things must be accepted, I as a trader must accept that I lose, but that I only lose the amount of money that I am willing to lose, that is all, from then on what comes is greater learning and the losses must decrease as we gain more experience.
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Re: How much confidence do you have in yourself when trading?
« Reply #76 on: May 06, 2025, 03:08:19 AM »

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Offline Blaze

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Re: How much confidence do you have in yourself when trading?
« Reply #77 on: May 06, 2025, 10:54:27 PM »
It is for this reason that we must understand that every time we trade we must see that everything is possible, that losses are part of this, and that for whatever Reason things must be accepted, I as a trader must accept that I lose, but that I only lose the amount of money that I am willing to lose, that is all, from then on what comes is greater learning and the losses must decrease as we gain more experience.
Accepting trade losses, in my opinion, is not about succumbing to destiny; it is about embracing the process being done. Failure is not evil; in fact it is a friend, as a wheel is to a car in a world we can only qualify as open. You can start to evaluate how ready you are mentally to respond to the system of failure, not only capital readiness. Regardless this money is lost, its value will be bearable, if you realize this loss is not beyond the condone amount you initially set out for. It is not about how many times you succeed but how well this narrow minded person continues to maintain his calmness and clarity when the market that he accurately forecasted is not as he predicted. This kind of awareness makes you grow up without the resignation of having no strength to continue.

Offline sampoerna

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Re: How much confidence do you have in yourself when trading?
« Reply #78 on: May 06, 2025, 11:16:53 PM »
Honestly I dont think anyone can have 100% confidence all the time in trading, There are just too many variables and the market is unpredictable But I do think with experience and a sound strategy you can create enough confidence to adhere to your plan Fear never goes away fully but learning to control it is what makes the difference
As for Bitcoin, I have full confidence that there will be a new ATH this season.

But for altcoins, hmm, not all altcoins are able to do it. It is even possible that some top altcoins are not able to realize the hope to be able to pass the previous ATH.

However, hope is indeed one of the factors that convinces us to still keep holding our assets. But on the other hand, we also have to watch the development of the era, so that we at least will not feel regret if we are late in taking action on our assets
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Offline BitMaxz

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Re: How much confidence do you have in yourself when trading?
« Reply #79 on: May 07, 2025, 02:34:26 AM »
Losses on the other hand tarnish confidence. It's as a result of loss that most traders give up in the market.
It is for this reason that we must understand that every time we trade we must see that everything is possible, that losses are part of this, and that for whatever Reason things must be accepted, I as a trader must accept that I lose, but that I only lose the amount of money that I am willing to lose, that is all, from then on what comes is greater learning and the losses must decrease as we gain more experience.
Not losses but learn from the mistakes. But, in my opinion, for safety, whatever strategy we use, we should stick to it and be disciplined enough to follow your strategy guidelines.
Another thing is all strategy out there works you just need to optimize them and only trades with high probability.
Do it with paper money and test them out until you see your strategy profitable before you are going to live trading.
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Re: How much confidence do you have in yourself when trading?
« Reply #80 on: May 08, 2025, 04:37:56 PM »
Honestly I dont think anyone can have 100% confidence all the time in trading, There are just too many variables and the market is unpredictable But I do think with experience and a sound strategy you can create enough confidence to adhere to your plan Fear never goes away fully but learning to control it is what makes the difference

Having confidence doesn't even have anything to do with success in trading because you can have confidence but doesn't have what it takes to be a successful trader because confidence I understand in trading is just someone who doesn't entertain fear and can take trade and weather they lose or not they will accept the fate , so that's what I feel confident in trading is talking about, so actually the term I think should be more suitable for this is strategy because it comes with confidence of assurance because you no what you are expecting or doing.
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Offline Legion

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Re: How much confidence do you have in yourself when trading?
« Reply #81 on: May 09, 2025, 11:45:45 AM »
Having confidence doesn't even have anything to do with success in trading because you can have confidence but doesn't have what it takes to be a successful trader because confidence I understand in trading is just someone who doesn't entertain fear and can take trade and weather they lose or not they will accept the fate , so that's what I feel confident in trading is talking about, so actually the term I think should be more suitable for this is strategy because it comes with confidence of assurance because you no what you are expecting or doing.
I have seen people who are over confident in trading feeling that they have strong instincts until one day the market suddenly changed while they are not aware of it and they get lost. Confidence is good if it has been accumulated over time if it was built after many failures that you have recorded and have learned from. But gambling is closer if you just are sure to be brave and face any outcome without the building up of a clear system. In my view, an implemented strategy you can learn in depth is much more important than mere confidence. And if you know what steps you take, then you will not believe because you are reckless but because you know what path you are taking in which you fully understand.

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Re: How much confidence do you have in yourself when trading?
« Reply #81 on: May 09, 2025, 11:45:45 AM »


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Re: How much confidence do you have in yourself when trading?
« Reply #82 on: May 09, 2025, 03:41:54 PM »
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.?

Personally am not into trading of a thing and I wouldn't know how trading feel when they are active in trading but one thing i know as a human being is that one you are into something, i mean something you are into almost all the time there's this kind of confidence you've even thought your confidence might be misleading you'll feel that you're going to hit high at a point.
Is just like a gambler, some gqmbler will have confidence in themselves may be because of how sure they think there selections are but failing to undertand that as far as they are not in control of what happens to their stake, any thing is bound to happen, in this field of trading I will be reading through some comments here to get people's experience in regards to the question you ask.
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Offline $crypto$

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Re: How much confidence do you have in yourself when trading?
« Reply #83 on: May 09, 2025, 04:34:08 PM »
Honestly I dont think anyone can have 100% confidence all the time in trading, There are just too many variables and the market is unpredictable But I do think with experience and a sound strategy you can create enough confidence to adhere to your plan Fear never goes away fully but learning to control it is what makes the difference

Having confidence doesn't even have anything to do with success in trading because you can have confidence but doesn't have what it takes to be a successful trader because confidence I understand in trading is just someone who doesn't entertain fear and can take trade and weather they lose or not they will accept the fate , so that's what I feel confident in trading is talking about, so actually the term I think should be more suitable for this is strategy because it comes with confidence of assurance because you no what you are expecting or doing.
Self-confidence should grow when it is in line with the knowledge and skills that are possessed. because without all of that, in my opinion, self-confidence is non-existent.

For example, in gambling we are confident to win, while gambling is based on luck, and in my opinion that is self-confidence. It is different when our abilities and knowledge are sufficient and that is even followed by experience, well that is what can be called complete self-confidence,

Offline Vx1

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Re: How much confidence do you have in yourself when trading?
« Reply #84 on: May 09, 2025, 06:03:05 PM »
Losses on the other hand tarnish confidence. It's as a result of loss that most traders give up in the market.
It is for this reason that we must understand that every time we trade we must see that everything is possible, that losses are part of this, and that for whatever Reason things must be accepted, I as a trader must accept that I lose, but that I only lose the amount of money that I am willing to lose, that is all, from then on what comes is greater learning and the losses must decrease as we gain more experience.
Losses in Cryptocurreny are already a risk, and we should have understood that and we should be prepared for it. Therefore, we will always be warned to use cold money when trading, so that we are not confused and panic when we lose. And it is true that all events in trading will be a lesson and experience for us, which of course makes us more careful, smarter and our trading mentality stronger.

Offline doc

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Re: How much confidence do you have in yourself when trading?
« Reply #85 on: May 09, 2025, 09:05:55 PM »
Losses on the other hand tarnish confidence. It's as a result of loss that most traders give up in the market.
It is for this reason that we must understand that every time we trade we must see that everything is possible, that losses are part of this, and that for whatever Reason things must be accepted, I as a trader must accept that I lose, but that I only lose the amount of money that I am willing to lose, that is all, from then on what comes is greater learning and the losses must decrease as we gain more experience.
Losses in Cryptocurreny are already a risk, and we should have understood that and we should be prepared for it. Therefore, we will always be warned to use cold money when trading, so that we are not confused and panic when we lose. And it is true that all events in trading will be a lesson and experience for us, which of course makes us more careful, smarter and our trading mentality stronger.
Yeah in Invest Crypto you should use cold money or free money, so we also have to go to be ready to lose with our money. Because the risk is quite high especially in trading. So I prefer trading spots, because I can estimate the risks that I will receive.
For Newbies, ambulating investment or crypto trading is easy and profitable, they do not understand the risks they will receive

Online DavetJack

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Re: How much confidence do you have in yourself when trading?
« Reply #86 on: May 09, 2025, 09:17:31 PM »
Honestly I dont think anyone can have 100% confidence all the time in trading, There are just too many variables and the market is unpredictable But I do think with experience and a sound strategy you can create enough confidence to adhere to your plan Fear never goes away fully but learning to control it is what makes the difference

It is true that no one can trade with 100% confidence. But yes, there are many professional traders who make good profits based on their confidence in all the trades they do. If you have confidence in yourself while trading, then you will never be able to make profits there. Because due to your fear, you will be involved in wrong decisions there. So we should invest there with our confidence by using our experience and knowledge.

 

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