Topic: Peace of mind, the best trading strategy! - page 4. (Read 1616 times)

Maybe even if we have peace of mind, it will still not be a guarantee that we will be able to make the right or correct decision in conducting trading to get a profit. Because I remember before when I was studying crypto trading, my mind was focused, but when it came to implementing what I learned in trading, the result of my trading activity was still not profitable.

Although, having peace of mind is still helpful than not having peace of mind, because it will only add to our problems in the end or depending on the situation, I guess, right?

Emotional management must be something that we must have, because as you said it will greatly affect the trading that we do. The plans that we have made at the beginning will fall apart when emotions start to control us, because we become unfocused on what we have to do but we will tend to follow emotions. Our concentration on analysis will also be disturbed and it may make our knowledge of something disappear just like that. That tendency is a definite thing when emotions in us cannot be controlled. Not only in trading, but this will also apply in our daily lives, so what is recommended is to be able to manage emotions first before trading.

Just simply go with the flow and you will really be able to deal up with those challenges along the way, although it wont really be simple or easy but doesnt mean that you will really be not that able to do it. It all matters on how you would really be able to sustain on which there would really be those challenges on which its really that normal or part of it. There are really those people who do easily give up and stop and to those who had been able to sustain and accept out those loses and learn up those mistakes and applying it into their next trading session. Peace of mind or having that kind of calm approach is something that recommended because you will really be able to assess on how things been done and you will be that trying to minimize the risks as much as possible. Best trading strategy will really be basing up into your
experience on which it will really be able to determine on how well you do handle yourself with this unpredictable market.

Emotion is really that something which is really that hard to combat and if you are really that not good when it comes to emotional aspect then its most likely that will really be resulting into that
disrupting you trading plans and strategies but as you do go ahead and learn new experience then you will be able to apply it on.

We don't have to eliminate emotions because I think it's impossible for us to eliminate them, but we must be able to control them well. Emotions are a natural trait that everyone has, and in analysis we actually use emotions, but those emotions are channeled into something more positive. In trading, uncontrolled emotions are often a problem and that has been confirmed by many people. When emotions control us, we will no longer be able to think wisely in making decisions. When we experience a loss we think about returning it, and when to do that it will make us greedy.

Own strong emotions often interfere with effective trading. But turning them off completely is also not a good strategy, since in this case you risk losing your understanding of the market and its subsequent movements. The market is still driven by emotions, not reason, and it is precisely with their mass manifestation that a trader deals.

The reality is we are dealing with too many stuff going around us at all times, so it is going to be a quite difficult thing to focus on how to do this, we can't really make up too much and we need to focus on how to get greater results as well.

So for all intends and purposes, we can't really get a greater return if we look at everything, if you are like a wild animal on safari, looking at everything and trying to get it all, you will end up with nothing in the end. What makes you win is not the diversification, but the focus you have towards your success and sticking to your plan. Holding, and keep holding while trying to accumulate even more, is the way to go and that's how most people make their money in the crypto world.

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.

Peace of mind directly depends on how accurately you adhere to the risk management strategy. You cannot be calm if you have a high leverage order open for your entire deposit and at the same time the price is moving in the opposite direction to your expectations.

Actually there's no specific period of time on which  you would really be able to tell that you could really be completely be able to learn up things that you wanted to learn on which there would really be those times or moments that you are really just that setting out things too early and whom thought that it was really just that too simple for you to deal up with until you will be able to make out some realizations along the way.

Strategies do comes up on the moment that you will really be able to assess the situation on which you will really be having those kind of realization that it will really be not that simple specially on dealing up with a
volatile and unpredictable space. You will really be needing up to consider on how this market works and on how it should really be that deal with. Strategies doesnt really give out some assurance that you do end up on
being profitable in the end of the day with your trading position, but it is really that way more better in compared on having none on which other people is really that doing.
Just like been said by others that you will really be finding out those things along the way on the moment or time that you will really be making trading on your own.

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.

Yeah, experience is something that takes time and during this time when we are gaining skills on how to do and what to avoid (basically these all together in package termed as experience), losses should not be an issue at all, because you may end up losing all the time but that doesn't mean that we are going to have an easy time, it is going to be a very difficult thing to do and because of that people are dealing with a much better situation. Don't worry about it and just keep on learning from your losses and should be making a bigger return without a doubt.

I personally believe that we need to face the reality of harsh truth of how learning takes time. But, with more time, you get better when you learn and you end up with not that many issues at all. You are going to end up with a lot more profit when you learn more and when you are a lot more experienced you will end up doing much better for sure.

definitely, some people are too bothered with seeing daily or even lesser timeframe knowing full well those are so full of misleading market movement, the longer the time frame, like weekly, the more comfortable it is to invest based on technical indicators.

we can just buy, maybe DCA, and laid back for a whole year only to see our asset growing so high like what happened to bitcoin.

had people looked at bitcoin's weekly timeframe and figure out that bearish is pretty normal back when BTC was still around $20k, they'd simply invest some money and hold it for a year or two, and then profit big.

Having a mind that doesnt really have any form of stress or having no disruption could really be that helpful on which this isnt really just that limited to trading but also in other activities as well on which we do know that there's no better than having that kind of relaxed thing and emotions on which this will really be leading up with proper thinking and how to assess different things and acts which you do need to do.

Unlike on a certain person on whose really that on the state of panic on which it would really be leading up into something that pertains about having no good plans or simply cant be able to follow on what they are really that doing into. On the moment that things turned out to be that messy and having no peace of mind will really be leading into those bad decisions on which it will really be making out the situation comes even more worst. Therefore, it will really be that better that on whatever you do then always make your mind and emotions really that in the line.

Strategies are really that something that you are the ones who would really be making out such thing on which due to experience that you do have on this volatile space then it will really be just that
too impossible that you cant be able to formulate on you own in terms of strategies on which we know that this is really that something which is really that important.
Make it sure that you do really know on how to handle yourself on such conditions.

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.

Patience is very important for traders because there are many opportunities for we to make profits but we are not patient to wait for the appropriate time to buy or to sell. We buy with fomo and we sell with fud because we begin to fear that the market will fail and put us in losses. Patience helps alot and can make you lots of profits. People that were afraid and sold earlier did not enjoy the profits that Donald Trump winning the election brought for both Bitcoin and altcoins but for those that had a little more patience and was still hodling has benefitted. For those that will be afraid and sell again before we reach the highest price for this bull market, they are going to be those that will lose since the market still has a long way to go before it gets to its peak.

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.