2min chapter

The AlphaMind Podcast  cover image

#77 Brent Donnelly - Alpha Trader: The Mindset, Methodology and Mathematics of Professional Trading

The AlphaMind Podcast

CHAPTER

Is Overconfidence a Dangerous Commodity?

Mark O'Mara: I think confidence is probably the greatest, one of the greatest commodities you need as a trader. There's a level when I, I often call it a 17, 75% level of confidence that you need because otherwise you'll rack to a self-tour if you're under confident,. equally if you're over-confident, it's deadly. He says he agrees with Steve Kuznetsov that there's a very narrow part of the spectrum that's optimal and most people obviously are not on that. And then of course, even as an individual, you tend to oscillate from overconfidence to underconfidence. So understanding your own trajectory or your own

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