We get confident based on these trades we analyzed but didn’t take and then the next time around we do take a similar trade but if it’s a trade that loses, we then destroy ourselves mentally. Study, know what to look for – Of course, if you haven’t learned how to trade properly and you don’t know what you’re trading edge or entry signal(s) is, you are going to hesitate and be fearful simply because you don’t really know what you’re doing. This mentality of being disciplined in both when you should trade and when you shouldn’t, as well as having discipline to not micro-manage your trades, is the exact mentality that led to my winning a trading competition recently.