OVER-CONFIDENCE cost $$$

12 days ago
9

Overconfidence after a big win will cost you a lot of money in the markets.
.
After making a big trade, you will be tempted to jump back in because you will see another trade that you're convinced you will make profit on.
.
If you must take the trade, and you have your three confirmations, use half as much money as you normally would trade.
.
If you lose the trade, psychologically, it will be low impact.
.
If you play with the full amount you normally play with, it will have a huge psychological impact on you and mess you up, if you take a loss.
.
Always conserve your mindset at all costs and maintain an abundant Outlook. There are an infinite amount of Trades for you to take tomorrow and the next day.
.
*** THIS IS FOR ENTERTAINMENT PURPOSES ONLY AND IT'S NOT MEANT AS PROFESSIONAL ADVICE. I NEVER GIVE INVESTMENT OR FINANCIAL ADVICE. TAKE RESPONSIBILITY FOR YOUR ACTIONS ALWAYS ***

Loading comments...