“You are the sum total of ALL your experiences in life.
And if you discount ANY of them ~ you negate and discount your very ability to be a consistent and successful trader.
So ~ what IS your definition of CONFIDENT?
If we look up the definition of the word “confident” in Roget’s Thesaurus as you know I like to do, we can find the following:
“…believing, undoubting, unhesitating, without a doubt, convinced, satisfied, assured, unafraid, courageous, unscarred, undaunted, daring, venturesome…”
Is that you? Is that your definition? Or, is this your definition:
“…hopeful, expecting, try to reassure, hold out hope, make promise to…”
Or do you know? Right now, if someone were to ask you what your definition of confidence is ~ what would you say? Right off the top of your head?
If you have to think about it, then you do not know what being confident is. And if you do not know what it means to be confident, then how is it you think you will be able to see opportunity in the market? If you do not have confidence how can you follow your trading plan, follow your rules, or be disciplined?
You won’t be able to because you will not have the courage to do so ~ because you are not confident in your skills, and more importantly, not confident in your thought processes and mindset to take advantage of any opportunity that may come your way. It doesn’t work any other way.”