Excessive confidence is certainly a good thing if you can balance it with good control too, because excessive confidence when it cannot be controlled then I feel will be a mistake too in the end. In trading there are many factors that really need to be considered more, because just with confidence alone will not be enough for us to become successful traders.
Yes. In crypto trading, you should not be over confident because trading should only be done with a proper and calm analysis. You should not make things in a hurry because it will only make you fail in the end. Successful crypto trading is more of knowledge and skills, fundamental analysis, and not on overconfidence on your own. 
Topic: Excessive confidence in cryptocurrency trading. - page 6. (Read 18534 times)
Excessive confidence is certainly a good thing if you can balance it with good control too, because excessive confidence when it cannot be controlled then I feel will be a mistake too in the end. In trading there are many factors that really need to be considered more, because just with confidence alone will not be enough for us to become successful traders.
Anything excessive is not good so is the confidence in this space. For those that have made so much money in the space and still hold a good sum of bitcoin they tend to show this abusive response on all media. I believe the whales are very quiet, I will cherish inside information in this space than any other thing.
In trading confidence is indeed necessary, because if you are not confident it will be difficult to make decisions in trading. But what is
dangerous is excessive confidence, because it can make us experience losses in trading. I remind you once again confident might be
needed but don't overdo it, because in any case excessive is not good enough. In trading the most important thing is patience and
confidence, not confidence and make quick decisions. Because in trading, don't taking decisions too quickly, we need to analyze first
before making decisions when trading.With patience and confidence the more accurate the decision we will make.
dangerous is excessive confidence, because it can make us experience losses in trading. I remind you once again confident might be
needed but don't overdo it, because in any case excessive is not good enough. In trading the most important thing is patience and
confidence, not confidence and make quick decisions. Because in trading, don't taking decisions too quickly, we need to analyze first
before making decisions when trading.With patience and confidence the more accurate the decision we will make.
When you enter the world of crypto to trade means it is a decision you have made and decide to trade, it means you have made a decision and have confidence that you will be doing business in the crypto world. The next step you have to get rid of fear of loss, because loss in trading must be experienced by all traders. so if you're afraid, when will you start.
As traders must be ready for loss. Maybe excessive confidence is good and needed by traders. In my mind before i post this, maybe i will say that excessive confident will be something that make they get lose. But see your comments i change my mind, trader must be ready with his decision and accept what will happen to their assets. And lose or win is risk in trading. Big ambitions are actually not very good in investment because we will be too ambitious to be able to get profits and until that does not happen we will get a loss and in my opinion it is quite a big risk if you come to a loss
Everyone is ambitious when it comes to trading but if you are not carefully following the market then the possibility of holding your funds will be longer, what ever you do make sure that you are not selling your coins when the market is going lower and make sure you never sell at a loss and if you follow these simple participles then you will end up in profit. 
When you enter the world of crypto to trade means it is a decision you have made and decide to trade, it means you have made a decision and have confidence that you will be doing business in the crypto world. The next step you have to get rid of fear of loss, because loss in trading must be experienced by all traders. so if you're afraid, when will you start.
As traders must be ready for loss. Maybe excessive confidence is good and needed by traders. In my mind before i post this, maybe i will say that excessive confident will be something that make they get lose. But see your comments i change my mind, trader must be ready with his decision and accept what will happen to their assets. And lose or win is risk in trading. 
Confidence in every aspect of life id important and so it is in cryptocurrency trading, there are some trades you might be scared of but your confidence will help you take a leap and benefit from such trades buy over confidence its not advisable in cryptocurrency trading it makes you take risk that you are not suppsed to there by causing unnecessary loss. Making quick decisions in trading depends on yoyr type and strategy of trade , fast decisions works well for short term trade . The best any trader should do is to trade with confidence and calmness
When you enter the world of crypto to trade means it is a decision you have made and decide to trade, it means you have made a decision and have confidence that you will be doing business in the crypto world. The next step you have to get rid of fear of loss, because loss in trading must be experienced by all traders. so if you're afraid, when will you start.
Well, it is important to be calm and confident but it doesn’t mean that you should not think about each step before actually making it. The secret of success is in the balance.
If that excessive confidence will make you not to accept your mistakes, then that should be wrong. When trading, this is a big mind games, we can't just assume without basis and based on my observation, those people who are humble are willing to learn and improve and when they do that, they'll likely be successful in what they do.
Life of a trader is hard, adjustment should be done from time to time as the market is not moving stable, therefore its hard to predict what will happen next, but if you open for all the possibilities, for sure, you can make more good predictions than wrong.
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
Both are equally damaging to you but in different ways, if you have too many doubts and fears about trading the markets then you will miss legitimate opportunities to make money just because you are too timid to make the trade and that is not a way to make money in the markets, but if you are too confident on your skills you are going to believe that whatever analysis that you make about the markets is right which means that when you make a mistake you will have the tendency to not recognize it and instead of getting out of a losing position you may hold it believing that it will turn around and if that doesn't happen you will lose a lot of money. 
Well, it is important to be calm and confident but it doesn’t mean that you should not think about each step before actually making it. The secret of success is in the balance.
Balance and patience. Success is a goal, but starting like is not same for each of us. To be successful in long-term you need
to have balance with your investment and patience to wait some of the investments to get value.
Trading with crypto-currencies is a risky thing, people who trade should have confidence, but excessive confidence can lead to
making mistakes cause too much faith in decisions you make.
Well, it is important to be calm and confident but it doesn’t mean that you should not think about each step before actually making it. The secret of success is in the balance.
Making quick decisions is necessary for short-term trading. Sticking to such a strategy means that you need to react quickly as the crypto market is very volatile. And in a perfect case scenario, you shouldn't be emotional. Success likes cool head and cold blood. I mean you don't need to be excessively confident, or full of fear and doubt. Just stick to your strategy and be calm. Still, if you need a bit of confidence, you may install trading or informative tools. For example, I'm currently using Info Bot from CEX, https://t.me/CexIoInfoBot, and trading on CEX surely. And you know, I find this tool quite useful as it informs me about all changes on the market and coin prices, and at the same time prevent me from doing irrational things.
Big ambitions are actually not very good in investment because we will be too ambitious to be able to get profits and until that does not happen we will get a loss and in my opinion it is quite a big risk if you come to a loss
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
It is only true for those who have experience in trading and investing. Assertiveness is always necessary in the trading session, but it will turn into a disaster for someone with no trading knowledge.There will be winners and losers. It is important that they understand the market to some extent.
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
This is not the place for the weaker mind set because Crypto currency investment is very risky due to the price is really unpredictable therefore FUD is just a normal thing here but still we need to counter them to ensure that the future losses will be neutralized by always having a full confident to your investments.
How could we become confident if we're not developing a good state of mind, specially dealing with our emotions. Sometimes too much of our confidence lead us to bad situations, like lossing to much of our investments. Failure is part of our growth in crypto trading, always make it as our motivations.
Learning everyday is very important as the life here is fast and every moment count, with the unpredictability of crypto, our main goal here is to act based on the right timing, we can't force the market to favor on what we are expecting but we can also wait for the right time to benefit and find a good timing to buy or sell.
Every market situation always offers opportunity, it just depends on how we look at it, play with your mind and not with your emotion, that's what I learn in years of trading.
excessive confidence if owned by the whales does not matter. but if someone like me, of course this backfires. whales reads most people's psychology and takes pump or dump action. therefore be someone who is "unreadable", and don't overconfidence, because pro traders can control their psychology and act modestly under any circumstances
Whales no need to be in confident or in worries because all they can do is manipulation and eap something out of it,so you guys like are the real target of the whales who never know what to do at the bump and dump conditions.
Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
This is not the place for the weaker mind set because Crypto currency investment is very risky due to the price is really unpredictable therefore FUD is just a normal thing here but still we need to counter them to ensure that the future losses will be neutralized by always having a full confident to your investments.
How could we become confident if we're not developing a good state of mind, specially dealing with our emotions. Sometimes too much of our confidence lead us to bad situations, like lossing to much of our investments. Failure is part of our growth in crypto trading, always make it as our motivations.
I don't know how much confidence is excessive confidence and I am not entirely sure any other person does neither.
I mean I would probably say that you have to have a lot of confidence in yourself to manage a crypto trading job after all, because without confidence you are moving digital made up things between each other and that makes no sense at all, if you however have any type of understand of what we are doing in crypto trading than you have a bit of confidence of what you are doing and that would result with you actually doing a pretty good job at trading. That is why you gotta have a lot of confidence but I don't know if you mean arrogance, if you mean arrogance than that becomes dangerous because you think you know EVERYTHING about it instead of a quite good understanding of the concept and that ruins it.
There is a difference between having confidence in yourself, which is more like having a high esteem and having confidence it your trading, yes you have built the necessary skills, and yes you have also acquired the necessary knowledge, but that is not enough for you to fully rely on the market because sometimes, no matter the strategy that you have, you can no completely be confidence that the market will not mess it up. I mean I would probably say that you have to have a lot of confidence in yourself to manage a crypto trading job after all, because without confidence you are moving digital made up things between each other and that makes no sense at all, if you however have any type of understand of what we are doing in crypto trading than you have a bit of confidence of what you are doing and that would result with you actually doing a pretty good job at trading. That is why you gotta have a lot of confidence but I don't know if you mean arrogance, if you mean arrogance than that becomes dangerous because you think you know EVERYTHING about it instead of a quite good understanding of the concept and that ruins it.
I think this aside usually goes for most traders that feel they have so much confidence in a particular direction of the market without weight the other options and thinking of how to minimize their risk by utilizing the risk management tool that should be applied on every trade for the safety of our capital and Investment.
Jump to: