There is such an expression in the trading "Not sure - do not trade." On the other hand, how to be a person who is always sure of what he is doing, but is constantly mistaken. Will this rule work with him?
Speaking of confidence, we should understand this as confidence in our own chosen strategy. If you are not confident in your plan as a whole, then you will constantly change your decisions on the go, which will lead to losses and a decrease in confidence in your actions. If you have chosen a strategy, follow it, then analyze and adjust.
having confidence must be had when trading, but excessive confidence is not good to do. Self-confidence that over makes people become arrogant and considers himself right, even though what is always right is the market, and we will still be students of a market. therefore there are many strategic scenarios to prepare for trading, because we don't know where prices will go
You need to empty your glass when dealing with trading not because you made a successful trade means that it will always brings you good outcome, remember that this place is a never ending competitions between different traders who also trying harder to earned from the market, if you are open
with every adjustment and able to adopt what will the market has to offers, your competitiveness can be enough to work with enhancing yourself and the
possibilities to keep moving upwards to your skills.