"CONFIDENT"
What does that word mean? To you as a trader? Do you know what it means to you?
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..."
All pretty positive definitions, right?
However, we can also find the following definitions for the word "confident" in Roget's Thesaurus such as:
"...deceiving, trickster, pretender, hypocrite, phony..."
As well as these:
"...hopeful, expecting, try to reassure, hold out hope, make promise to..."
Some less-than-positive definitions right? So, since you were asked to define or re-define your definition of the word "confident" ~ what did you come up with? Any of the above?
Or are you still operating out of a belief that just telling yourself you are confident is what you need to become a consistent trader?
Keep in mind ~ you cannot "tell" yourself that you are confident ~ it will not work ~ if your own definition of that very word is either unknown, or incomplete.
© Paula T. Webb. Excerpt from "Elite Traders Group" Trading with Confidence
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