Confidence comes from preparation and tested experience. Overconfidence comes from: Recent winning streaks Emotional excitement Short-term success Confident traders: Respect risk regardless of recent performance Stay consistent with position sizing Accept uncertainty calmly Overconfident traders increase exposure exactly when discipline should remain strongest.
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This is the one nobody wants to admit. A winning streak feels like skill but half the time it's just the market conditions working in your favor. The real test is whether you keep the same discipline when it's going well as when it's going badly. Most don't. That's exactly when position sizing creeps up and one bad trade wipes everything. Confidence is quiet. Overconfidence is loud. 📈
Entring a position with a reasonable risk is confidence in your setup but thinking that you can enter in with your full portfolio then it's overconfidence at it always bites back
There is only slight diffrence between confidence and overconfidence . When you are are right about your setup and you execute it without ny hesitation it shows your confidence . And sometimes when you win in a row and thinking you will be always right that is overconfidence .
Overconfidence is comes after winning streak , and if you don't loose your mind after several winnings then you can overcome this overconfidence Confidence is different things , You always have to confident enough even after several losing trades
Confidence comes with experience and overconfide with some profitable trades
Thank you learned a little here
Confidence comes when you have calculated every side of trade but overconfidence comes when you think you are the master of market and make mistakes by ignoring important think
💯 correct
Their is only a little difference confidence respects risk, overconfidence ignores it.
I agree
