Experienced traders/investors do not follow the crowd. They lead it. They anticipate and capitalize. They make a careful assessment of the factors driving the price. With experience they have come to trust their instincts when devising and executing a plan. They look inward and trust their intuition. They go their own way. This is not unwarranted cockiness but confidence and intuitions gained through experience. Going your own way is not easy. It takes guts, courage, and confidence. It is extremely difficult for most to take a risk when there's a good chance that the path may lead to a devastating blow. To take such risks and rely solely on your intuition, you must have rock solid confidence. It cannot waver. This is not the confidence gained with a rise in your account balance that will fall and waiver during a drawdown. It is a confidence based on feelings that reside deep within your psyche. Self-confidence should be so ingrained within your being that nothing can shake it. The more genuine self-confidence you have, the more profitable you will invest.
life in a small town where everyone knows you, where all is familiar, and you feel comfortable and secure. In the end however, self confidence only comes from mastering various life experiences. Unless you have overcome life's barriers and successfully triumphed over hardship, you will never truly feel you can tackle anything. This is true in life and it is true in investing.