What is confidence in trading?

[Jhadhasan 872]

Confidence depends on the psychological condition of the trader, so we have to move away from the market in times of anxiety and fears. It is not necessary that we trade every day. Moving away from the market is sometimes better than falling into big losses.

[duncun007 3577]

On 2/3/2020 at 8:20 AM, nasipadang said:

if I think of "confidence" it is more in the direction where I am sure about what I have or will do in trading. it is more about how I trust my expertise and how my trading will make a profit. it made me confident to trade crypto. 

to me i have gained my confidence from the failures and losses i took in crypto and from each loss i learn how to be better and not fall for the same thing twice.

[Win 1015]

If you are getting profit from trading ofcourse youre getting more confidence and the bad thing is it will sometimes result to being greedy and that time you will not control youreself and you will get loss all

[Naga 1250]

37 minutes ago, juma1 said:

We all have the idea that confidence can do alot more than we all can think of and I will always be very vigilant and careful to ensure that you remain steadyfast and very focused 

you need to be confident in crypto because without your confidence you will be making very risky trades and lose all your money, confidence make you only calculated risks.

[Sajjad Hossain 375]

The basic mantra of business is confidence, if you do not, you will lose your balance of business. You want the business courage and creativity to take the risk of intelligence.  Therefore, those who succeed in business must learn from the stories of hard work and reflect on their own business.

[duncun007 3577]

On 2/3/2020 at 6:03 PM, iloveyobit said:

Of course, technical analysis helps you to understand or anticipate bad moves, and helps you set goals for your entry and exit from the market in the case of a reversal, thats it .

i think in my case technical analysis has not been of great help because no matter how good i am in charting i still be wrong with the predictions.

[Gunhoo 91]

Confidence in trading is when you don't have profits but you're not lose heart in will try another day to have the profits. That is confidence for me. It's not about you're confident to make a lot of money. But more like your fighting spirits and you're not a give kind of person. 

[Opinder 1310]

On 11/2/2019 at 8:18 PM, kobi said:

It's important to know what confidence in trading really is and what it isn't. confidence is not "I will profit on this trade" but true confidence in trade is "I will be fine if I don't profit from this trade".

I always learn from mistakes in trading and when I found my mistakes I felt confident because I know that now I would play better as I know the reason of failure. So I never feel bad when I get loss. Confidence means when I know the reason of failure and I can control it.

[iloveyobit 6599]

7 hours ago, duncun007 said:

i think in my case technical analysis has not been of great help because no matter how good i am in charting i still be wrong with the predictions.

I am sorry that this happened to you, but the traders do not disagree that technical analysis is very successful and helps them in trading, keep learning.

[iloveyobit 6599]

27 minutes ago, RoseRose said:

yes I agreed the best trade in crypto is to save your capital and to not loss it. Then the other rules come like trader to be not agreedy.

Yes exactly you fully understand the rules of the game. Maintaining capital in a volatile market, such as crypto, is a profit. This is the principle.

[Ayush Singh 1175]

Yes its a great confidence that if i will not gain profit then also i will be in fine position because due to regular ups and down in the coins rate its very difficult to gain profit regularly by trading so its better to have reasonable return instead of loss.

[bliznec 22267]

Confidence is the power of will that makes you stronger. One needs to be sure to succeed in trading. 

[DrHaman 375]

I'd personally declare that will exchanging can be debatably considered one of, or else essentially the most, tough occupation walkways you are able to decide on. The idea consists of doing work. Merchants have to have the assurance to have success. Evidently, any individual requires assurance in case they need to excel at similar to exchange.

[Morganshtern 1774]

When investing may be gratifying initially, self-assurance boosts, and plus contemplating several other sizeable dealers create pleasing investments, planned at this point is a bunch of self-assurance inside me personally

[Mohssine 1725]

the value is exceptionally low right now, so I am certain it can just go up from here.

[Fadimah 191]

Wow. That's nice. 

You need to be very good though to be able to say this. 

[amara123123 76]

On 11/2/2019 at 7:48 PM, kobi said:

It's important to know what confidence in trading really is and what it isn't. confidence is not "I will profit on this trade" but true confidence in trade is "I will be fine if I don't profit from this trade".

Confidence is key for earning good profit from crypto market because this market is based on risk if we sure about it's trend then we need to wait for good profit and then close our trade. 

[kare 105]

On 11/2/2019 at 3:48 PM, kobi said:

It's important to know what confidence in trading really is and what it isn't. confidence is not "I will profit on this trade" but true confidence in trade is "I will be fine if I don't profit from this trade".

The most important thing in trading is that you must be free and emotional stable while trading so that you will not go and use emotions in trading by so doing you can have some lost in the process.

[kare 105]

1 hour ago, Pik01 said:

Trading is very good earning system most people used trade so I think trade is very good and I think most people want good trading site and I think most people want trusted and safety trading site so most people like good trading site I am like good trading site and I am used trade 

Yeah people need good trading site to be able to have great confident in it because when you lose your confidence then you are abound to lose more money . so the best is to keep all hope alive when trading.

[Investors Blog 385]

On 11/2/2019 at 10:48 PM, kobi said:

It's important to know what confidence in trading really is and what it isn't. confidence is not "I will profit on this trade" but true confidence in trade is "I will be fine if I don't profit from this trade".

Having a positive mindset really plays an important roles for success in trading, This will make you confidence in every trading decision you will make and most of time time this is proves useful as an added factor to make profit from trading.

[SuperCrypto 7193]

Confidence is good but overconfidence is not always in the right place. Cryptocurrency traders, in particular, can easily attract traders and investors to a false sense of confidence, depending on the market cycle.

[Irungu 4299]

without confidence , you will never be a trader, thats it, you lose when you get youself in the wrong path of anybody who wants to make something from the market, market requires you become someone and stand firm its what is going to reward you, other than that you fail

[Shahud 1319]

In trading always there will be two faces one is profit and one is loss..not all the time we get profit sometime we get loss too.so we should be enough confident about thr profit and also should taken into consideration of the loss

[Shaza Ahmad 1682]

On 11/2/2019 at 10:48 AM, kobi said:

It's important to know what confidence in trading really is and what it isn't. confidence is not "I will profit on this trade" but true confidence in trade is "I will be fine if I don't profit from this trade".

Wow, I hadn't previously thought about this concept, but could it be a good loss? If I don't win, will I be a loser? How did that please explain to me.

[Ahmeddominik 126]

On 2/10/2020 at 11:05 AM, SuperCrypto said:

Confidence is good but overconfidence is not always in the right place. Cryptocurrency traders, in particular, can easily attract traders and investors to a false sense of confidence, depending on the market cycle.

Yes, there are a lot of swindlers who inspire you with confidence, and I totally moved away from them. I wish everyone success.