Over Confidence

Over ConfidenceLesson 1 of 94 min read

One more trade

The thought that arrives after a trade goes perfectly, why this module comes before you have money at risk, and what overconfidence actually is.

A trade reaches every target you set for it. Nothing went wrong at any point. This lesson is about the next ten minutes.

The thought

The chart is still open. The day is going well. The obvious next move is to look for another one and make the day bigger.

That thought feels like ambition and reads like evidence. It is neither. It is the direct result of having just been right, and it would not be there if the trade had failed.

The urge to trade again is produced by the win, not by the chart.

What overconfidence is

It is not arrogance and it is not a personality problem. It is a belief that has quietly moved.

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