MemCast
MemCast / episode / insight
Confidence reflects perceived skill, not actual skill
  • Jared defines confidence as an emotion based on one’s perception of their knowledge, experience, and strategy.
  • New traders can have high confidence despite low competence, while seasoned traders often have modest confidence that matches reality.
  • Misaligned confidence leads to poor risk choices and over‑trading.
Jared TendlerTitans Of Tomorrow01:16:13

Supporting quotes

Confidence is an emotion that reflects your perspective of your skills, knowledge, experience, strategy, market. Jared Tendler
New traders can have incredible confidence, sometimes objectively higher than seasoned traders. Jared Tendler

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Confidence, Overconfidence, and Illusion of Control

Confidence is an emotional perception of skill, not the skill itself. Overconfidence from an illusion of control can be deadly, but journaling and data keep confidence grounded.

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