Confidence is necessary but arrogance can be dangerous from "summary" of Reminiscences of a Stock Operator by Edwin Lefevre
There is a fine line between confidence and arrogance, one that can make all the difference in the world of trading. Confidence is a necessary trait for success in the stock market, as it allows a trader to make decisions and take risks with a clear mind and unwavering determination. Without confidence, a trader may second-guess themselves and miss out on profitable opportunities. However, confidence can quickly turn into arrogance if not kept in check. Arrogance blinds a trader to the risks and pitfalls of the market, leading them to ma...
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