Overconfidence is a factor that you should consider when setting the right trading psychology

فصل 6 Overconfidence is a factor that you should consider when setting the right trading psychology

Overconfidence can blind you from making the right move. As a trader, you should have confidence in your abilities, but when you are overconfident, you can make decisions that are not backed by the proper analysis. Here are a few ways in which overconfidence can impact a trader’s performance:

a. Overconfident traders may take on too much risk, believing that