Overconfidence in trading might result in hasty choices. Traders could disregard prudent tactics and incur unwarranted risks. This might lead to significant losses because they don’t account for market volatility. Additionally, overconfidence can impede learning and adaptability, making it difficult for traders to respond to shifting market conditions. In the end, it may deplete funds and obstruct long-term trading performance.
Have you ever struggled with over confidence wile trading?