Topic: Peace of mind, the best trading strategy! - page 3. (Read 747 times)

I am not deeply routed into trading but I can sense what you mean moreover since is like the 5m to 30 minutes time frame looks so much panicking, and if you are considering using these time frame to analyzed market definitely the trader would feels so much stressed were he would want to sell immediately their is a any changes, but if doing analysis with all the timeframe it gives the trader a cutting edge to understand when market will go the opposite way or turning down so severely, but as a trader one must understand how these candle works.

I think the OP is talking about staying calm and not getting caught up in the market noise.  This could also be translated to mean putting our emotions under control always. Most traders overreact to every news which often leads to them making some decisions which are not neccessary. If you have a good strategy that works for you, all you need do is remain focused and patient. Changing plans unnecessarily might cost alot if the trader is not lucky.

This does not mean that the trader would ignore all important market trends that may affect his trades, there should be a balance between his state of mind while keeping an eye on important updates. Being at peace will really be preventing him from making some impulsive decisions. Only this can make a trader stay focused and patient for a very long while.

I think otherwise though, I really do think that it's boil more down to your ability as a trader than any indicators, because for you to make the best informed decisions while trading, you just have to be at your best when it comes to controlling your emotions.

What am trying to say is that if you knows it all, from knowing how to use the technical indicators to knowing how to use your leverage properly and be good in some other trading Skills like patience and trading only the right set-up, if you knows it all, and you don't know how to control your emotions like fear and greed, all your skills will be useless, so this peace of mind you are actually talking about is what I really don't understand, because I know for a fact that in trading, regardless of your mental state, you will definitely lose if your emotions is not in check.

FOMC or any other those casual economic news on which i do really sees up these things would really be that relevant on the time or moment that you do deal up with Forex or stocks or with those traditional markets that you are really that trading on the past excluding Crypto space. Wayback there's no way that it will really be giving out that kind of significant impact in towards price movement into those previous years or market cycles or before institution funds flowing into this market on where it isnt really that affected by any news or fundamentals. It might not be having some effect but its not really always  that happening. If you've been a forex trader then you will really be that mindful about these news as these things will really be making up some unsure market  volatility on which it could really that blown up your trading account if you wont really be that careful.
There's no such thing about perfect or best strategy because anytime it could be totally be opposing on what the market is really that behaving. No matter how good it would be, there's always that chance or tendency that it will really be moving into the opposite side of things. This is why always set back plans whenever those stop loses would be hit up. Just dont make yourself that transfer on becoming a trader to a gambler because  this is where usually traders ending up on the moment that they cant control their emotions. You will really be finding the relevance on the moment that you do gain up that sufficient experience. So it will really be just that depending on you on how to deal up with that market volatility specially on crypto where everything is too unpredictable and too volatile.

Well, that's not the case always, I'm a trader myself and I believe that most good indicators work pretty well even on 1 hour to 4 hour timeframe and one can really earn good profits by mastering the indicators at 1 hour to 4 hour timeframe.

I personally trade on even 15 min timeframe and that's been working well for me, but I do read charts carefully and follow a time tested strategy of my own. However, I do agree that the ones who can't control their emotions should try to go with higher time frame of a day a week o even a month.

I have tested many trading strategies and used several indicators ranging from advance indicators such as break of market structure(Bos) and change of character (Choch) and the simple indicators like MACD , fibonacci and rsi! of a true one thing is certain all of them work almost perfectly on long term timeframes but on short term like 1 minutes to 1 hour timeframes you will notice several failed signals .
The markets is an Emotional markets whatever give you peace of mind without serious worries should be encouraged and since long term timeframes gives that, i do long term.

When you have peace of mind, no matter what you do, you will be focused on what you are doing and you will be content with the things you are thinking about. Everything is under control because of this feeling and the behavior.

so the question is do you know where you are categorized op? because that's important, if you're a scalper or a long-term holder? may be a basic question
but it is very important for us to know that as a trader.

Yea, I completely agree with you and this is not just the first time I am hearing such idea about trading. A trader that I know only takes one trade every day and the best time he takes those trade is during morning. Before 12pm, he is already done with his trade and has taken profit and wait till the next day. He said the reason is because he has more peace to make accurate trading decisions in the morning and it is more accurate if he only takes one trade. I am trying to teach my self such habit.

Probablt a normal psychologist can talk him/her out to discipline a trader since that is their work, to work on the minds of the unsettle. Trading is like a gambling if you cant control yourself, it could lead to a tragic loss. Whats more it can eat you alive or rendered you helpless with your decision.

If trading is not your main occupation and you spend most of your time in the office, then daily and weekly timeframes should be the best solution for you in trading. Since trading is an additional income, therefore, it should take a minimum amount of time.

If you are a highly-skilled trader, you can in fact earn much more and much quicker in a short-term trade than in the long-term one. It only sounds too good to be true, no wonder why not many have that kind of talent but what usually happens is either a short-term trader earns lesser but quicker or they go for long-term and earn much better but only longer, (just like you said there). I think that as a trader, it doesn't really matter if what project was that.

Risky or not, but as long as they already decided to go for the short-term, they will always follow it. The same goes if they choose long-term. What I know is that it was only those investors are the ones where their project/coin of choice matters the most. Say if it is risky, then they will just opt for the short term but if not, and what they own for example is Bitcoin, they will automatically go for the long-term.

For that, I think we all have to determine the profit target that we will take, so there is no confusion at which point we will take profit. Because after the decision has been made, we will definitely wait until we get the target, and the worst is that we feel a loss. Therefore, it is also important for us to apply a stop loss or the amount that we can afford to lose.
Although for some people this is optional, especially for those who have very large capital, usually they will make a reserve and even re-enter. Well, as said, calmness is an important factor and it is part of the mentality that we must have during trading or even before and after the trades we make.

Since peace of mind has been mentioned. I think what I am about to add is about after the decision that has been made. So, if someone can make profits, then there's something that boggles their mind. Just take that money, be happy with the profit and be at peace. Time and time again there will be moments that they'd feel that the profit isn't enough and there's no peace of mind in there. That's why be content with the profits made through the trades and decisions that have been made.

You can only make positive trading with peace of mind when you have experienced of what you're doing, I believe that trading has to do with lessons, when you have no guidelines of trading peace of mind cannot. Ake you to make profit, you most know the fundamental ways of trading first before peace of mind can be applied to make profit, it's those expertise that knows all the flux of trading and also know the application to apply in order to overcome them, that will trade with peace of mind, let me portray these, it's when you have your own derivatives in trading that makes you to .are profit, it's when you will feel relaxed to trade, but a process whereby you're a newbie in trading and you feel relaxed in trading you will end up losing.

You said it.
People talk about a lot of strategies but if it's about profitability, many remain silent. They're good in theory about the discussions of the strategies that they've done but then, they lack of the actual reason and results why they're trading and that's to make some profits.

It is not that easy at all if they're starting out but when they have become consistent and they've done so much with their strategies that results into profitable trades, one can be said as successful.

The first thing in trading is of course peace of mind is one of the key factors for success in trading. Because in any market or trading situation, both short and long term, if you can control your mind, the decisions taken will usually be better.

So peace of mind is important in trading because trading will drain your mind, disturbed emotions, pressure, anxiety and fear. In addition, peace of mind is also important in helping traders become better at facing challenges in the market and achieving success in the long term. So to control peace of mind must be trained, the more often the nerves of peace will be formed, over time we will be calmer, so in other words peace of mind is the key to achieving success.

I rather suggest people to keep mind at peace by keeping themselves limited to spot trading and having a backup source of earning money like a stable job.

But indeed peace of mind is needed to avoid rash decision making and keeping a pragmatic approach. To do that, a lot of things need to considered with backing from paper trading and observing charts and indicators. The latter does not confirm the direction but only indicates the possible direction of movement of the market.

And to stay responsible and consistent - after all, a strategy is nothing without the profit made. Goals should be reachable in order for your trading sessions to be successful.

Yes, you should have faith and knowledge with your trade. Not only to see the needed factors and changes in the market but to understand what to look for and what is the current picture in the minds of the community and funders.

What gives the peace of mind is the knowledge and awareness we have towards knowing what is necessary for us to do, we cannot engage in trading just like that when we are not used to the basics and fundamentals in it, this is why some missed it already even before they starts, when they lack the technical know how, having peace of mind becomes a threat in such situations like this.


Making profits on trades is not about the long or shot trade we are taking, not even the indicators available for us to use, but how we can be able to combine necessary resource altogether to arrived at an accurate trading prediction.