Topic: Peace of mind, the best trading strategy! (Read 747 times)

They will really be able to learn it along the way or on which on the time or moment that they do able to experience those unfortunate conditions on which we know that this is something that could really be definitely be happening. Speaking about strategies then there's no such thing about the best, it will really be depending or basing up into the trader on what are the specific strategies that they will really be using up on a specific market condition on which we know that when it comes into this manner then this is something that will really be that on various combinations yet there would really be factors that will really be depending or basing up on what kind of strategy would really be applied but of course not everything will really be that precise or something that will really be that effective on which we know that strategies arent that 100% precise or effective but somewhat it is really that even more recommended rather than on dealing up with this unpredictable space on which doesnt have any basis or having no strategies that been applied on which you could tell that you do just simply doing gambling. You are the ones who would really be making out that kind of strategy on which on the time or moment that you do deal up with crypto space with so much volatility then you will really be that formulating some strategies on which you do sees out that it will really be that something relevant on what you are currently dealing on with.

Your discovery may be based on your trading style. If you are a long time trader like swinger then longer time frame will give you a better view. Although scalping style will also long at the long hours but they don't depend on it to scalp for their profit because they don't stay over the market for longer time like the swing trader.

Also peace of mind comes with profit. If you are not profiting as a new trader then you won't have such peace and you are likely to keep rushing into the market often and running out almost immediately and losing your funds until they are gone. So while we seek for peace of mind in trading, we need to be patient and wait for the right time to go in.

Newbies should understand that in trading requires proper knowledge, research and experience. Blindly following others can also lead you to losses, you have to make your own efforts to achieve any good result. You can never achieve anything good by depending on others.

Nowadays, there are many people who don't know anything that how to trade, but they join some free signal trading groups on Telegram and follow their trading signals. But they can never make a profit, they only lose money and they cannot even understand whether that trading signal is correct or not, because they don't know anything about trading, so how can they verify the authenticity of that signal?

So those who trade based on their own research can achieve success, but those who rely on others, and blindly follow their directions and do not do any research themselves, only lose their hard-earned money. And can never achieve success.

The best thing a trader can do is adapt.
Because the market is like the ocean - it constantly changes.
We never know if the previous cycle of X event will be the same.
Because we put the effort and work into analyzing what can happen next.

Yeah, influencers can be callers of sorts to see what's up and what is shilled at the moment - but they can't be a reliable source of info for sure.
Only by your own expertise should you make decisions on the market.

Yeah, if a person joins such a group - he at least analyzes what's in store for going in for it.
Otherwise - it's a gamble like no other.

I mean it's obviously wrong and I know it's wrong but unfortunately they do not know it's wrong and newbies end up with those mistakes unfortunately. The reality is that we know this isn't going to end up with anything good by just looking at influencers and such, we can't make money based on their suggestions, most of them even get paid from the projects to promote it and that is why it's not a good business, it's shady and we should stay away from them. But unfortunately it's a very easy way to convince these newbies, they end up with a lot of problems and doesn't mean that they are going to make some good return.

Best case would be just figuring it out yourself and you are going to end up with some profits by learning it how to make a lot of money as well. Without any of that, you are going to end up with a great return if we get experienced and learn more about bitcoin and trading. All those who follow others are doomed to lose money eventually.

Just because they see streamers or influencers who get big profits from the trades they do, it makes some people think that trading is easy? that is wrong and this can also be called FOMO. Because they are doing something that basically they don't know what trading is like. Yes, that is the reason why many people end up experiencing losses, and they will even join groups with VIP labels and pay fees to be able to enter them. They end up following something called a "signal" while they don't think about any risks, even though it is something real that is in front of them.

As traders we are ought to know when it's suitable for us to trade because the time of the day when you trade can affect your trading outcome. Although the market is open 24 hours in a day but they're times when the market is more active and time when the market is calm. Although the cryptocurrency market doesn't follow the exact pattern of other market but there are some similarities that we can use to make decisions on when to trade. I prefer to trade during the morning hours that the Asian are awake.

I think they have more influence over the market than other parts of the world and the next are Americans because I haven't noticed that when coins are listed on exchange exclusive to the American that the coins do so well. There are few coins that were listed on coinbase and the project are doing very well as we speak.

No mate, am not saying so. But it's just a strategy that works for him and after he discovered that that's what works best for him, he just used to it.

Personally for me, there's no time of the day that I don't take trades as long as I see and confirm a very good entry point.

Like you already said, it's good for a trader to identify what works for them and stick with it.

Is it possible to say that such trader can only make profit only in the morning hours and that morning is the only time he has peace of mind? I know that different traders has their personal strategies and the things they avoid or do when they want to start trading but I think above all you can not have a good trading by taking different decisions and ideas without knowledge, stick to what works for you as a trader but never thing that idea alone can help you to stay in profit you still need to be very careful with the market even when you have the peace of mind you need.

That FOMO and doing it carelessly is the reason why there are a lot of people who end up losing money. Trading is a very risky and very difficult thing to master and there are way too many traders who are trading without any proper direction and they end up losing a lot of money as well. So, if anyone wants to be a good trader then they need to end up with studying to learn how to be a great one, without learning how to grow and do better then they are not going to get a good result at all.

We should be careful with what we are dealing with and because of that we are getting results that are risky and that is why we can't really consider people who are newbies to be possibly a good trader. First they need to study to be a better trader, and then they need to gain experience as well.

A combination of both, a good trading strategy and having enough patience, can make one reach heights in their trading career. Suppose you only have a good trading strategy but no control over your emotions. In that case, you won't be able to do much because you will eventually make wrong decisions out of haste greed or impatience. If you are only patient but have no proper strategy, you will barely be able to make good use of your patience because you won't know how to utilize the resources you have.

So a trader requires both of these things to succeed in the market. Finding a suitable strategy is not that complicated, as you said, but learning to control your emotions and having complete control of yourself in any market situation is something not everyone can have, and this is why many traders fail in their trading activities because they take the wrong steps.

FOMO is our enemy, and we often fall in it when we are greedy and impatient.

Traders who push themselves to make money too hard often end up with more losses. This happens because they lose control—both mentally and physically—leading to a string of poor decisions. We need to remember that trading is rarely that straightforward, and it often doesn't go the way we want. Many have faced losses because of this approach, so let's not fall into the same trap. Instead, let's find ways that truly support our journey. We don’t need to force ourselves if the situation isn't right instead, we take some breaks to clear our minds and ease the pressure.

Emotions are the factor that plays a crucial role in trading, in my opinion.
If you don't have a hold of yourself, the market becomes the predator, and your depo - is the prey. So when you start your session, you need to be sure you know what you are dealing with and how to behave properly in the situations that may occur.

Peace of mind is when the risks of doing something out of spite are minimized - and that's what matters most, in my opinion.
Good temper means good thinking process in my book.

Self-discipline leads to the positions being closed and opened correctly.
Judging by the markers, not by the emotions at stake.
Thus - you are right - it's best when the trader can control what he does not looking at market as this revengeful spirit that only wants to eat up his deposit 

Because trading is very difficult in reality, so in short in trading we need a lot of information and experience to make decisions in order to be successful in trading. Of course there are many strategies, one of which is peace of mind, because without peace of mind in trading, no matter how good the strategy is, it will not work. Peace is one of the keys to all the activities we do to achieve success, especially trading which is an activity that is full of caution and patience.

Peace of mind is the hardest part for most people in trading, although it is easy in theory, but in reality it is not that easy. The influence of emotions of fear and greed is very strong, this means that nothing can stop you. There is only one solution, you have to be calm, the way you have to strengthen your spirituality. So keep training yourself to weaken emotions, fear, and greed. Instill in your mind that you will not be able to make a lot of money if you still keep these emotions in every trade.

You are right, peace of mind is a very important quality of a trader that will succeed. Peace of mind gives the trader all the mental preparedness needed to execute trade without FOMO. Through a relaxed mind, the chances of entering bad trades is greatly reduced and the tendency to over leverage the account, and get margin call when something goes bad, is also minimized. Peace of mind cannot be overemphasized because it is a product of some many things that are going perfectly well with the trader.

I can’t tell it’s the best trading strategy but rather the best quality of a trader are those having peace of mind and calm heart. Just imagine if traders have those qualities so they won’t chase bigger and consistent profits just to satisfy their greed, but will only trade if they think there is higher chances of turning their trades into profits. That requires immense emotional control and understanding, not easy but it’s always possible.