What is Overconfidence?
Risk & strategyBelieving your knowledge or skill is better than it is. It leads to trading too often and too big.
Think of it like: Every driver thinks they are above average.
Real example: When asked for ranges they are 90% sure of, most people are right far less than 90% of the time.
Lesson: Overconfidence Practise it now: Brain Scan Practise it now: Discipline Dojo