You know you're over confident as a trader when..... | Forex Factory

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You know you're over confident as a trader when.....

  • #1
  • First Post: Apr 7, 2010 2:57am Apr 7, 2010 2:57am
You start rehearsing your interview with Jack Schwager....
Economists have forecast 9 out of the last 5 recessions
  • #2
  • Apr 7, 2010 4:06am Apr 7, 2010 4:06am
...you stop looking for other peoples opinion on a particular Pair.
  • #3
  • Apr 7, 2010 5:44am Apr 7, 2010 5:44am
You preorder your private Jet.
Economists have forecast 9 out of the last 5 recessions
  • #4
  • Apr 7, 2010 1:55pm Apr 7, 2010 1:55pm
You put a second mortgage on your house to finance your first live account.
  • #5
  • Apr 7, 2010 2:04pm Apr 7, 2010 2:04pm
you multiply your gains by 1000 and divide your losses by 1 million
  • #6
  • Apr 7, 2010 4:52pm Apr 7, 2010 4:52pm
When you get a margin call.
  • #7
  • Apr 7, 2010 5:57pm Apr 7, 2010 5:57pm
You join the cast of Fast Money.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8
  • Apr 7, 2010 6:07pm Apr 7, 2010 6:07pm
Quoting TJPLD
...you stop looking for other peoples opinion on a particular Pair.
thats not overconfidence that is just good plain common sense, if you are going out looking for others ideas to follow your not much of a trader.
  • #9
  • Apr 7, 2010 6:07pm Apr 7, 2010 6:07pm
when people mistake you for Timmy Sykes
Economists have forecast 9 out of the last 5 recessions
  • #10
  • Apr 7, 2010 6:30pm Apr 7, 2010 6:30pm
When your've spent several years building up your account and learning to trade forex (to the point your a "experienced" trader on FF) and risk it all on that one trade that u can retire on......

.......

.......

....... and 2 years later, your still working
  • #11
  • Apr 7, 2010 6:41pm Apr 7, 2010 6:41pm
Taleb Nassim would say:

When you do not take precautions against the black swan. Believing that you are invicible and gifted. When your success could merely be attributed to lady fortuna.
  • #12
  • Last Post: Apr 7, 2010 7:20pm Apr 7, 2010 7:20pm
That you've found the correlation between trading forex, and e-bay.











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(now that should screw with someones head!!!!!)
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