Humility helps your trading capabilities

Utoy101

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Quote from: Lorokan on June 04, 2020, 05:20:29 AM

A component of trading that cannot be neglected is humility towards the market; as a trader you need to present yourself to be teachable with humility so that the market will also steer its humility to you.

I say this because a proud and arrogant trader to the market, will have a trouble looming ahead trading because over confidence in trading leads to losses.

Also, arrogance and pride while trading is the beginning of endless losses.

In as much as there's some point in your write-up, i believe to trade profitably, one needs to gather up some confidence as well some risk taking habit because trading favours those you are not afraid to face the market limitations. However, overconfidence and taking of uncalculated risk kills too because investments in a volatile market demands requires one to really use spare cash or cash which a person can afford to lose amd when a person is being overconfident, he can't really differentiate between blind risk and calculated risks.

SquallLeonhart

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Humility and arrogance are not really two far fetch things in life that separate each other, just like many contradicting things they are very close to each other as well. Humility is something you have in face of actually being good and acting as if you are not, arrogance is knowing you are good and acting accordingly. If you think you are humble by doing something when you are not even good at it, that means you are arrogant.

Let's say you are a bad trader, or you haven't made too much money yet, acting as if you are very good but not wanting any attention means you are thinking yourself better than you really are. So, in that case when you think you are humble, you are arrogant, it is very close to each other as you can see. So, know where you are standing before you think you are humble.

The cure

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Humility is one of the most important value we must have as a person, bacause having this is considering as an asset.But I don't think this affects alot in your trading capabilities.,maybe it could help a little for not being over confident in trading.

suzanne5223

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Humility is a good virtue of life but i don't think it has to do with decision making in trading and I would have agreed with you if you're talking about overconfidence. Meanwhile, it good to be overconfidence sometimes in other learn more cause someone who doesn't make mistake will never learn and the better portion is traders accept mistakes and make the right correction.

roman100

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Humility is an asset for self-improvement. By living a humble life, you recognize the areas of your life that need work. Both Pride and Humility are psychological state of mind. They are opposites, but, in a contradicting way, their definition is very similar, because they are both based on emotions or on a way of thinking.

Mpamaegbu

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Quote from: Lorokan on June 04, 2020, 05:20:29 AM

A component of trading that cannot be neglected is humility towards the market; as a trader you need to present yourself to be teachable with humility so that the market will also steer its humility to you.

I say this because a proud and arrogant trader to the market, will have a trouble looming ahead trading because over confidence in trading leads to losses.

Also, arrogance and pride while trading is the beginning of endless losses.

This humility you write about has nothing to do with profitability. It's only an emotional escape and blackmail. The market doesn't care whether you're humble or not. Just know the set skills for trading, that's what matters. Except you write about humility towards the person teaching you the set skills, otherwise what most teachers will even prefer is their payment/charge; not your humility.

Wexnident

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Humility helps you reduce losses, but not necessarily win or be successful in trades. In all honesty, whether it be someone arrogant, no humility, or someone who trades carefully, recklessly, as long as we properly hone our skill, it's just a matter of time before we understand how we trade. However, knowing when to back off does take a huge factor in your development all because of the starting point that each one of us has. A rich person can be as arrogant and can be as reckless as he wants because he has the backing, the capability to become one, and yet still learn how to trade. Others though, on the other hand, with lower starting point, need to learn how to back off, need to know what to learn in a way that they don't lose anything because if they lose once, they lose everything.

ethereumhunter

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Quote from: mersal on June 11, 2020, 03:25:37 PM

We can't say that every arrogant person is lacking skills,thereaybe people who have arrogance as their nature and also they are more focused on what they were doing.So skills plays the part not the nature of our bahavior but there is also a scientifical fact is there which is someone who listen more than what they speak has better skills.

I don't mean like that, but usually, if someone has a high-skills in trading, he can be arrogant to other people, and that person can underestimate other people too. I already have seen that person, and we don't have to be like that person because that will not give any benefits to us. Don't judge the book by the cover will be the suggestion to us if we meet someone.

Quote from: Kasabus on June 11, 2020, 03:41:33 PM

Self-confidence is a vital role in trading because it will always motivate us to do better in trading even how often we commit losses. Being arrogant does not help in any way but being confident in trading only shows that we have our own skills that will keep on growing especially if we do trading most often. Overconfidence is another thing that will probably develop into greediness once not controlled anymore.

That is why we need to have self-confidence in trading so we can trust ourselves in making decisions. The self-confidence will not come in a short time, but we need to learn how to manage our minds so we can prevent negative minds. If we have skills in trading, we can be overconfident, especially if we already make a huge profit, and we can think that trading is easy to do.

Yamifoud

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That is very important to keep it low and to stop pretending that we know everything around here because you can't find yourself to improve and widen your knowledge and market understanding if you think that you are good at all. HUMILITY to listen and learn is very important in trading, gathering more ideas from the other person, pro traders, and even from casual traders, it eventually giving you some more hints.

If we want to improve and to learn more, we have to be open to all ideas that will come to us and willing to hear it. That is why newcomers will keep asking because they want to learn and they want to improve as well. But it could be better and mush helping if we apply it in real trading to have more experience.

Kasabus

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Quote from: ethereumhunter on June 11, 2020, 03:29:12 AM

Quote from: mersal on June 10, 2020, 08:19:14 PM

Being arrogant and being confident are two different things, if someone knows what he is doing and he is confident with his analysis and strategies then he can able to make more profits than losses but not all the time.So skills matters than our behaviour in anything and trading is based on individual skills only so try to be yourself no matter of what.

Being arrogant will not give us anything except losing money in the future. But being confident will give us a chance to trade, and that can encourage us to trade with better if we have skills in trading. The skills itself will help us to analyze the market so we can know the right time to trade, and we can know which coin to buy and sell. That will give us a chance to make a profit. But we need to be careful of greediness that can come to us if we see the profit.

Self-confidence is a vital role in trading because it will always motivate us to do better in trading even how often we commit losses. Being arrogant does not help in any way but being confident in trading only shows that we have our own skills that will keep on growing especially if we do trading most often. Overconfidence is another thing that will probably develop into greediness once not controlled anymore.

mersal

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Quote from: ethereumhunter on June 11, 2020, 03:29:12 AM

Quote from: mersal on June 10, 2020, 08:19:14 PM

Being arrogant and being confident are two different things, if someone knows what he is doing and he is confident with his analysis and strategies then he can able to make more profits than losses but not all the time.So skills matters than our behaviour in anything and trading is based on individual skills only so try to be yourself no matter of what.

Being arrogant will not give us anything except losing money in the future. But being confident will give us a chance to trade, and that can encourage us to trade with better if we have skills in trading. The skills itself will help us to analyze the market so we can know the right time to trade, and we can know which coin to buy and sell. That will give us a chance to make a profit. But we need to be careful of greediness that can come to us if we see the profit.

We can't say that every arrogant person is lacking skills,thereaybe people who have arrogance as their nature and also they are more focused on what they were doing.So skills plays the part not the nature of our bahavior but there is also a scientifical fact is there which is someone who listen more than what they speak has better skills.

ethereumhunter

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Quote from: mersal on June 10, 2020, 08:19:14 PM

Being arrogant and being confident are two different things, if someone knows what he is doing and he is confident with his analysis and strategies then he can able to make more profits than losses but not all the time.So skills matters than our behaviour in anything and trading is based on individual skills only so try to be yourself no matter of what.

Being arrogant will not give us anything except losing money in the future. But being confident will give us a chance to trade, and that can encourage us to trade with better if we have skills in trading. The skills itself will help us to analyze the market so we can know the right time to trade, and we can know which coin to buy and sell. That will give us a chance to make a profit. But we need to be careful of greediness that can come to us if we see the profit.

Vitalicus

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Quote from: madhavsinghrajput on June 11, 2020, 01:02:54 AM

I don't know about humility helps or not but one needs to be 100% honest to himself and towards his instincts.Trusting your instincts and your research and accepting the result is very important.Because if the result is in your favor it builds your confidence and if not than it builds your experience.Patience is also an important key in trading.This doesn't mean you don't have to do any research or study anything.All those are primary steps which everyone has to follow on that basis instincts are developed and decision are made.

True! I have seen a lot of people who skip the learning steps to jump right into practice trading! That is a huge mistake that a lot of people do! I don't understand why they could jump right into something can lead to losses without knowing any knowledge about it. It is not about you're lucky or not. Once you do that, you risk all of your investment into something that you don't even know a little about! Learn, guys!

madhavsinghrajput

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I don't know about humility helps or not but one needs to be 100% honest to himself and towards his instincts.Trusting your instincts and your research and accepting the result is very important.Because if the result is in your favor it builds your confidence and if not than it builds your experience.Patience is also an important key in trading.This doesn't mean you don't have to do any research or study anything.All those are primary steps which everyone has to follow on that basis instincts are developed and decision are made.

mersal

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Being arrogant and being confident are two different things, if someone knows what he is doing and he is confident with his analysis and strategies then he can able to make more profits than losses but not all the time.So skills matters than our behaviour in anything and trading is based on individual skills only so try to be yourself no matter of what.

ampere

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Humility, Arrogance or other individual virtues may play an important role in trading, but i do not see a problem with that.
What you are in attitude, has nothing to do with your capabilities in trading.

So focus on your trading ability, sharpen up your skill, and master your strategy to the best of your knowledge, unlearn to relearn and you will make the most from the market.

milandres0207

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Quote from: Lorokan on June 04, 2020, 05:20:29 AM

A component of trading that cannot be neglected is humility towards the market; as a trader, you need to present yourself to be teachable with humility so that the market will also steer its humility to you.

I say this because a proud and arrogant trader to the market will have trouble looming ahead trading because overconfidence in trading leads to losses.

Also, arrogance and pride while trading is the beginning of endless losses.

I don't get the connection of humility in doing trade of cryptocurrency. Possible, patience could be useful rather than humility.
Because being patience is one of the tools for us to become successful in the end to get a high profit. This was already proven and
tested to me actually.

AniviaBtc

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Quote from: Harriti on June 10, 2020, 12:47:15 AM

not necessarily arrogance will kill your ability to trade. When you are too scared, it will affect your trading results. It is important to keep the psychology as stable as possible. trade winning or losing must also be normal and continue the plan and discipline that they have set. When you trade like a robot, you will surely make a lot of money. Most people suffer heavy losses because they are overwhelmed by emotions.

Leveling yourself to the point of view of other people while trading will make you understand their mindset and how they think. Being arrogant will make other people have a bad image about you, always be humble when you trade because that's the key to a good communication in trading.

You need to think of other people so that you will not forget the things that you need to do while trading. You should do a peaceful and achieve a successful trading where you can use to grow more and become effective in any trading situation.

I love the way when people are keeping themselves from bad vibes, always be positive in trading and be friendly with other people because all of us want to succeed so let's have good communication towards other people.

peter0425

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Quote from: Lorokan on June 04, 2020, 05:20:29 AM

A component of trading that cannot be neglected is humility towards the market; as a trader you need to present yourself to be teachable with humility so that the market will also steer its humility to you.

I say this because a proud and arrogant trader to the market, will have a trouble looming ahead trading because over confidence in trading leads to losses.

Also, arrogance and pride while trading is the beginning of endless losses.

Arrogance goes together with Greediness and bad attitude,so that is why many of them becomes a loser and blaming the market because of Volatility.

Yeah i agree that Humility must be in place to become successful trader,But also having limitation and willing to risk is another important thing to trade.

Harriti

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not necessarily arrogance will kill your ability to trade. When you are too scared, it will affect your trading results. It is important to keep the psychology as stable as possible. trade winning or losing must also be normal and continue the plan and discipline that they have set. When you trade like a robot, you will surely make a lot of money. Most people suffer heavy losses because they are overwhelmed by emotions.

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