Over Confidence

Over ConfidenceLesson 5 of 94 min read

Not profitable yet

The one belief that removes overconfidence before the session starts, what it means, and what it deliberately does not mean.

There is a single sentence that does most of the work in this module, and it is uncomfortable to say.

Say it before you sit down

You are not profitable yet.

Not as an insult and not as a prediction. As a description of where you currently are, which for anybody working through a course is simply accurate.

Hold the belief before the session, not after the result.

Why it works

Overconfidence needs a starting position to inflate from. If you already believe you are proven, one good trade confirms it and the size goes up.

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