Take incompetent

Take his incompetence to be the premier trader, you need to clearly understand their own limitations. But most novice traders do not know. For example, a behavioral economist Dr. Terrance Odean found that online investors tend to trade beyond their experience. They have no accurate picture of what they can and can not do. Such a distorted exaggeration of abilities is not characteristic only for traders. This is a widespread phenomenon. Studies show that when you are trying to assess how well your activity Trader-beginner, your intuition is better not to trust.