Confidence vs. Hubris

I really believe that the importance of confidence as a trader can't be overstated. It is so easy to sell (or buy) at the precisely wrong time if you lack confidence. Take the analyst call before the MA report, or before today's GS report, or at the times when the market is bottoming as examples. Weak hands will be washed out at those moments. Needless to say confidence needs to be backed-up with skills. Hubris on the other hand is lethal for a trader.