Summary: It’s logical. You do something really really well and your confidence explodes. There is no harm in having an ever growing confidence, particularly in the world of trading the financial markets. With that being said, there is a very fine line that is easy to cross where confidence turns into over-confidence, or in some cases, flat out cockiness mixed with arrogance. While not everyone spins into the world of arrogant cockiness, plenty of people (myself included) have experienced a slide into over-confidence. As traders we need to keep ourselves accountable and always be monitoring our attitude towards ourselves and the market. My guest this episode, Chad (”iamvol” chatroom alias) returns for his second appearance to update us on his trading journey. I’ll only offer up a small spoiler, but Chad had a... very nice... trade he was part of. One of those trades that can cause traders to quickly cross the line from confidence to over-confidence. Chad’s reaction to this nice score along with how he continues to conduct himself by staying accountable are where the true nuggets of wisdom are derived from. Chad could have gone down several other pathways than the one he did; however, he showed a huge sign of trader maturity with the choices he made. Let’s welcome back Chad and get an awesome update on his current journey!
