The Problem With Trading Someone Else's Conviction
Someone says NQ is about to rally. Another trader expects a sharp sell-off.
Both sound confident.
But their conviction doesn't tell me whether either trade fits my plan.
I need my own criteria for identifying an opportunity, defining risk, and deciding when the idea is wrong.
Other opinions can offer perspectives, but they shouldn't replace independent analysis.
The moment I enter because someone else sounds certain, I'm taking risk without fully owning the decision.