PLAIN ENGLISH
What does Conviction mean?
Conviction is confidence in a position based on a thesis, research, experience or some combination of them. In online trading culture it can also become a social pressure word used to shame people for selling, so confidence and evidence are not the same thing.
IN THE WILD
How people use it
Trading plans, investment theses and community discussions.
EXAMPLE“I still have conviction, but I reduced the position because the setup changed.”
ALSO USED AS
high conviction