Peace of mind, the best trading strategy! - page 3.

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Quote from: Strongkored on November 29, 2024, 08:05:20 AM

Quote from: retreat on November 27, 2024, 02:48:12 AM

Peace of mind is needed by traders to prepare better trades. When a person prepares his various strategies with peace of mind and is not affected by the market situation that may be chaotic, then he will be able to prepare everything better. Because there are many traders who are too hasty and do not prepare their trades well, then what happens is when the situation is not in their favor, they tend to make reckless decisions that cause them losses.

Peace of mind is very difficult to get when the market is chaotic, especially when you trade crypto because it includes a lot of coins including coins that are only made to be profitable and then abandoned by their developers, you can only stay calm when trading Bitcoin because the price will remain volatile but there is always a time when the price will improve as long as you are patient and hold on then losses can be avoided, but crypto only makes it difficult for you to think clearly when the market is red.

What about SOL, ETH, BNB?
I would stay calm with them too.. Roll Eyes

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Quote from: tvplus006 on November 27, 2024, 02:38:37 PM

Quote from: lixer on November 26, 2024, 03:26:21 PM

...I think greatest profit that bitcoin and crypto has is the simplicity of it, you buy, you hold, you sell and you profit which is such a simple way and we should aim for that in the future as well.

You would only be right if there were no shitcoins on the market. Such coins, if you decide to hold them, will certainly lead to the loss of the deposit. As practice shows, in order to get a good profit from a long-term investment, need to keep BTC and other top altcoins in your wallet.

Yeah, memes are no good for such a tactic - they blow off to the moon and go off into the abyss in one swift breath.
If a person wants to hold, he would hold only trustworthy coins.

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Quote from: retreat on November 27, 2024, 02:48:12 AM

Peace of mind is needed by traders to prepare better trades. When a person prepares his various strategies with peace of mind and is not affected by the market situation that may be chaotic, then he will be able to prepare everything better. Because there are many traders who are too hasty and do not prepare their trades well, then what happens is when the situation is not in their favor, they tend to make reckless decisions that cause them losses.

Peace of mind is very difficult to get when the market is chaotic, especially when you trade crypto because it includes a lot of coins including coins that are only made to be profitable and then abandoned by their developers, you can only stay calm when trading Bitcoin because the price will remain volatile but there is always a time when the price will improve as long as you are patient and hold on then losses can be avoided, but crypto only makes it difficult for you to think clearly when the market is red.

tvplus006

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Quote from: lixer on November 26, 2024, 03:26:21 PM

...I think greatest profit that bitcoin and crypto has is the simplicity of it, you buy, you hold, you sell and you profit which is such a simple way and we should aim for that in the future as well.

You would only be right if there were no shitcoins on the market. Such coins, if you decide to hold them, will certainly lead to the loss of the deposit. As practice shows, in order to get a good profit from a long-term investment, need to keep BTC and other top altcoins in your wallet.

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Quote from: retreat on November 27, 2024, 02:48:12 AM

Peace of mind is needed by traders to prepare better trades. When a person prepares his various strategies with peace of mind and is not affected by the market situation that may be chaotic, then he will be able to prepare everything better. Because there are many traders who are too hasty and do not prepare their trades well, then what happens is when the situation is not in their favor, they tend to make reckless decisions that cause them losses.

True. In trading, having technical analysis skills, discipline, and emotional maturity alone is not enough, but peace of mind plays an important role in achieving success in trading. Crypto is indeed risky as many people say, but I think the real risk in Crypto is not having peace of mind.

Buying crypto is not a difficult decision, but it is a very difficult decision if you don't have peace of mind so you don't know what to do when the market is going down or up. Honestly, there are many places to learn trading in the digital era like today, but if you don't have peace of mind, everything you learn will produce good results when trading.

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Quote from: Josefjix on November 07, 2024, 12:07:44 PM

With peace of mind, we can make best trading decisions. I have tested almost every technical indicators and also tried to get the latest news and fundamentals informations about cryptocurrency in other to make informed trading decisions. but, today I have read most of the news and the forthcoming"us federal funds rate and fomc statement" which always creates great indecision in the market. I discover that this is the first time in more than 7 months now that i did not worry about what happened during fomc meeting. The usa elections have given direction to the markets and people are not even bothered on the outcome of the meeting. Peace every were in the market and I think that is what we need to make a good trading decisions.
Moreover, i also discovered that almost all the indicators work best on the long timeframe like weekly or monthly timeframes. If you want making trading decisions with peace of mind? trade only on those timeframes with any indicator and you will make money.

Long timeframes like weekly or monthly charts tend to give clearer trends and more reliable signals from technical indicators. It's interesting how the market's focus has shifted away from short-term events like the FOMC meeting and towards broader factors like the elections. Focusing on these larger trends and staying calm really helps avoid overthinking and making impulsive decisions.

Yep - people do get more results from the charts that are bigger and give a broader perspective, after all - if you look at it this way, you also intend to wait as much to see it work out.
Strats change and market as well, so we need to adapt to it if we want a good PNL in the end.

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Quote from: retreat on November 27, 2024, 02:48:12 AM

Peace of mind is needed by traders to prepare better trades. When a person prepares his various strategies with peace of mind and is not affected by the market situation that may be chaotic, then he will be able to prepare everything better. Because there are many traders who are too hasty and do not prepare their trades well, then what happens is when the situation is not in their favor, they tend to make reckless decisions that cause them losses.

Haste and passion burn depos fast.
Better yet stick to the plan, even if it may be wrong in the end, and execute it with a cold head.
Easier said than done, however, we should all strive to be like that. Calculating and responsible.

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Peace of mind is needed by traders to prepare better trades. When a person prepares his various strategies with peace of mind and is not affected by the market situation that may be chaotic, then he will be able to prepare everything better. Because there are many traders who are too hasty and do not prepare their trades well, then what happens is when the situation is not in their favor, they tend to make reckless decisions that cause them losses.

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Quote from: Oshosondy on November 07, 2024, 12:13:02 PM

Quote from: Josefjix on November 07, 2024, 12:07:44 PM

Moreover, i also discovered that almost all the indicators work best on the long timeframe like weekly or monthly timeframes. If you want making trading decisions with peace of mind? trade only on those timeframes with any indicator and you will make money.

What that matters is what trader are you.

Scalpers will prefer to use the 15 minutes candles instead. But day traders will prefer the 4 hours candles. Swing traders will prefer the 4 hours to a day or 1 week candles. Holders will prefer the monthly candles also.

I agree with you, Also regardless of what trader are you, Swing, day trader, scalper and holder, what would give you most peace of mind is when you manage your risk, basically when the money involved can be forgotten easily by you should things not go your way, when someone risk money he or she can't afford to lose, that's when a lot things happen.

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Quote from: Rockstarguy on November 26, 2024, 11:50:24 AM

Normally it is impossible to trade with a mind full of distraction. Crypto trading is very technical and it is impossible to scale through in trading when the mind is not at peace.

Trading with a clear mind helps one to be able to pay attention to the rules and principles of trading. There are processes which a trader needs to execute and with the wrong state of mind it can't be possible to take some certain decisions. Making use of trading analysis becomes productive with a peace of mind, if not in the right states it is impossible for a trading analysis to be successful.

It's impossible to profit, but not impossible to trade, as long as you are capable of touching the button, then you can trade and a lot of people trade with something else on their mind, or confused, and that makes them lose money.

We need to make a lot more money and because of that we need to make sure things will take a while and that will not be simple at all, we are going to end up with a lot of return on profit if we know what we are doing, there would be a lot more possible outcomes if we are peaceful and not have too much to handle. I think greatest profit that bitcoin and crypto has is the simplicity of it, you buy, you hold, you sell and you profit which is such a simple way and we should aim for that in the future as well.

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Quote from: Rockstarguy on November 26, 2024, 11:50:24 AM

Quote from: Smartvirus on November 21, 2024, 02:26:02 PM

Quote from: Josefjix on November 07, 2024, 12:07:44 PM

With peace of mind, we can make best trading decisions. I have tested almost every technical indicators and also tried to get the latest news and fundamentals informations about cryptocurrency in other to make informed trading decisions.

While I might agree to your postulate on how peace of mind can help traders, I consider it under a broader scope as skill rather than an actual strategy. Peace of mind is something you can attain mastery over by learning some calm in either yoga and some monk activities.

You could however transfer these to trading, by learning how to be calm even in some bad situations where the market tends to go against you but, your confident in your analysts for a change in direction. The only way you could get that is, if you’re 100% trusting on your analysis.

Long term trading (swing traders) consider analysis on a broader scope, having to put together several averages and doesn’t give room for any significant variation without a significant event that could bring about this variation.

Normally it is impossible to trade with a mind full of distraction. Crypto trading is very technical and it is impossible to scale through in trading when the mind is not at peace.

Trading with a clear mind helps one to be able to pay attention to the rules and principles of trading. There are processes which a trader needs to execute and with the wrong state of mind it can't be possible to take some certain decisions. Making use of trading analysis becomes productive with a peace of mind, if not in the right states it is impossible for a trading analysis to be successful.

A session won't be a successful one without peace within your mind, combined with so much more, but let's expand on that.
You should do it (trading) knowing what to look after and what your goal is. Otherwise, it may end up in another bad day amongst the ones that pass by, week by week. And we totally are looking for a way to make each day greener to get that PNL at the end of the month!
So, in order to achieve these heights, one should be cautious and collected, with all the tools ready.

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Quote from: Smartvirus on November 21, 2024, 02:26:02 PM

Quote from: Josefjix on November 07, 2024, 12:07:44 PM

With peace of mind, we can make best trading decisions. I have tested almost every technical indicators and also tried to get the latest news and fundamentals informations about cryptocurrency in other to make informed trading decisions.

While I might agree to your postulate on how peace of mind can help traders, I consider it under a broader scope as skill rather than an actual strategy. Peace of mind is something you can attain mastery over by learning some calm in either yoga and some monk activities.

You could however transfer these to trading, by learning how to be calm even in some bad situations where the market tends to go against you but, your confident in your analysts for a change in direction. The only way you could get that is, if you’re 100% trusting on your analysis.

Long term trading (swing traders) consider analysis on a broader scope, having to put together several averages and doesn’t give room for any significant variation without a significant event that could bring about this variation.

Normally it is impossible to trade with a mind full of distraction. Crypto trading is very technical and it is impossible to scale through in trading when the mind is not at peace.

Trading with a clear mind helps one to be able to pay attention to the rules and principles of trading. There are processes which a trader needs to execute and with the wrong state of mind it can't be possible to take some certain decisions. Making use of trading analysis becomes productive with a peace of mind, if not in the right states it is impossible for a trading analysis to be successful.

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Quote from: bitgolden on November 26, 2024, 11:28:32 AM

Understanding the market and how the trading world works is time consuming, it takes time for people to learn how to be good, it takes months to study and be efficient and take months (these both could be years depending on the person and not months) to gain experience as well.

But at the same time, the hardest part is that if there is no good trade you can see, then trading just for trading sake is a mistake many people do, there could be chances out there that you are missing that's true, but if you are not seeing a good one, waiting for a week without a single trade is something very difficult for many people, they feel bored and they feel like they are missing chances and that's why they attack as quickly as possible. This causes them to lose a lot of money and people should be careful about these moves, you can't make that work, there is no scenario where you just jump on anything you see because you felt bored and wanted to be in the market, that's not going to be profitable.

I do agree - if you trade, trade with markers in mind and faith in your position.
Don't do it because your gut only tells you so and that it would work out - the market punishes such behavior.
Nothing wrong with taking your time and not entering a position as long as you don't suffer from it because it shouldn't be your main source of income in the first place, in my opinion.

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Quote from: goldkingcoiner on November 26, 2024, 07:38:14 AM

Quote from: Hamza2424 on November 07, 2024, 01:31:13 PM

Is there any psychologist who can help traders to train their sub-conscious minds and make decision-making more sharp and efficient?

You do not need a psychologist for that. All you need is to strengthen your willpower, learn to recognize when your emotions are high and never trade when feeling emotional. That is really 99% of what you need for any trading strategy.

Some people would call that 'having a high self-discipline'.

People call being reasonable with yourself and your funds many names, but it does the same thing in fact - keeps you save and makes your time on the market and during the trading sessions that much more enjoyable and rewarding.

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Understanding the market and how the trading world works is time consuming, it takes time for people to learn how to be good, it takes months to study and be efficient and take months (these both could be years depending on the person and not months) to gain experience as well.

But at the same time, the hardest part is that if there is no good trade you can see, then trading just for trading sake is a mistake many people do, there could be chances out there that you are missing that's true, but if you are not seeing a good one, waiting for a week without a single trade is something very difficult for many people, they feel bored and they feel like they are missing chances and that's why they attack as quickly as possible. This causes them to lose a lot of money and people should be careful about these moves, you can't make that work, there is no scenario where you just jump on anything you see because you felt bored and wanted to be in the market, that's not going to be profitable.

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Quote from: Hamza2424 on November 07, 2024, 01:31:13 PM

Is there any psychologist who can help traders to train their sub-conscious minds and make decision-making more sharp and efficient?

You do not need a psychologist for that. All you need is to strengthen your willpower, learn to recognize when your emotions are high and never trade when feeling emotional. That is really 99% of what you need for any trading strategy.

Some people would call that 'having a high self-discipline'.

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Quote from: ? on November 26, 2024, 02:09:32 AM

Quote from: dansus021 on November 24, 2024, 03:38:02 AM

Peace of mind, the best trading strategy! well you kinda right. I mean trading with full emotion is bad really especially if you trade with leverage account or margin account it gonna hurt your strategy. When you can control your emotion I belive that the piece ok key that you can trade with a good mood later.

Apart from the emotion section the best trading strategy from me is fundamental aspect and then goes to techinal with the basic support and resistance zone that is enough in my opinion.

I agree with you, trading with passion is never profitable. Because, even if we trade with good research in general, we often end up losing, in that case, when we trade with emotion, it will definitely make us lose. So it is very important to maintain a positive attitude while trading and keep emotions under control.

Trading responsibly means trading with good PNL in mind. Because you will be able to achieve your goals and fix them when you can.
Emotions drive depos dry - we don't want that to happen at all Cool

That's why we do it with expertise and the discipline intact.

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Quote from: dansus021 on November 24, 2024, 03:38:02 AM

Peace of mind, the best trading strategy! well you kinda right. I mean trading with full emotion is bad really especially if you trade with leverage account or margin account it gonna hurt your strategy. When you can control your emotion I belive that the piece ok key that you can trade with a good mood later.

Apart from the emotion section the best trading strategy from me is fundamental aspect and then goes to techinal with the basic support and resistance zone that is enough in my opinion.

I agree with you, trading with passion is never profitable. Because, even if we trade with good research in general, we often end up losing, in that case, when we trade with emotion, it will definitely make us lose. So it is very important to maintain a positive attitude while trading and keep emotions under control.

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A good trader must learn how to be stable emotionally and mentally, trading under duress can make you lose because you are taking every opportunity you see in the Market without proper analysis. Peace of mind is required when it comes to trading that's why expert traders would always say that if you don't have the mental fortitude and capacity for it, don't get involved in it. Take a lot of time to build yourself before becoming a trader. Learn how to Ve disciplined, patient and mose of all don't be in a hurry, if you rush in you will rush out

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Quote from: South Park on November 23, 2024, 01:10:16 PM

This is a fact that most people do not want to accept, for some reason they can accept that in order to become a professional you need to study for 4 to 5 years and receive specific guidance from your teachers, but when it comes to trading, many people think they can simply read a few articles online and become successful traders in a matter of minutes, a ridiculous thought but one that it is often promoted by influencers and exchanges, since in this way they can attract more people to the markets and increase their profits in this way.

The more people's that gets involved in the market without having a an idea of what they're doing but to them, they're doing the best gives those that are well income the avenue to make profits from the market. We have many newbies jumping into a trade without examining the market amd this make them to lose. The experience traders stands to benefits from mistake like this as it gives them an opportunity to do the opposite and make easy money. New traders are mostly motivated by money and not the desire to learn hot to trade. They'll prefer to join the market and start making profits which is the main reason behind signal groups attracting lots of members because the news traders don't want to learn and under the market before they start risking their money. There are many trading strategies that we can use to make money but we have to sure that a strategy is going to work for us by first trying them on demo accounts before live account.

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