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.

Haha don't mind in general your comment fits perfectly still you've unlocked a new fear for me trading is like gambling, and also buddy a tip to avoid spelling mistake is Grammarly or any other tool that you can use.

I was also lazy with spelling and from a long time I've been using grammar tools to make discussions efficient and helpful as this what our motive is.


Hmmm this is what mostly happens particularly in this section as I've been here for quite some time, there are also cyclical narratives for topics haha, like sometimes a cycle of trading tips sets its ATh than AI in trading that trading bots than this and that.

I would love topics like trading achievements, new strategies people's experiences their stories.


Buddy, it was just a teasing comment in a friendly mode about the topic title, in order to make Op realize that the topic subject should be related to the content, and to attract relevant discussion for the emotional side of the trader.

That's why rich people often make money why the poor get screwed over and over.
The poor chase losses, they need to earn some money or risk going into debt or worse, the rich don't. They can wait if the conditions to make a good trade aren't satisfactory.

There's also another thing. New traders often enter in a late bull or bear phase and think it's so easy to trade when FOMO or despair hit the market. They make the same trade over and over and it always goes well and they think they're good and trading is easy. Don't make that mistake!
It's important to stay calm and focused. You're not good because you made some money. You're good when the market shifts and you can anticipate it and be careful not to overextend.

Agreed. It is challenging to control your emotions, especially when it comes to matters where finances are involved. We often see people losing control when they are gambling. Once they lose some money, they try to recover their losses, and in that pursuit, they lose everything else that they had left. The same can be the outcome if we do that in trading because, as they say, haste makes waste. So if you don't take your steps carefully, you will fall in the dark, and it will be challenging to come out of it.

It's important for traders to be patient so that they don't chase their losses. When you lose money, you should have the mindset that you are going to recover it, but you won't get nervous or try to do it right in the next trade you make because that will make you make quick decisions, and when you do that, you often oversee the negative outcomes.

So, patience is one of the most crucial things to have as a trader.

Being calm can help you alot when trading, there are some decisions that we do not have to take them instantly but we should wait and watch the market more before taking the decision so you do not enter the market too early or exist with a wrong timing. Patience is necessary for all traders to have, a trader should be smart and have the ability to learn and adopt fast to changing trends. Right now memecoins are doing very well and as a trader, you are supposed to be taking advantage of that by trading them to make profits. When it comes to investing, you can do your research properly and avoid some types of projects but for trading that the profit is the most important thing, taking advantage of trends can make you lots of profits.

This is why I am mostly a holder, I do not really change that easily neither, I like the way things are and I am not going to make any thing change any time soon. I know that holding is a lot better and we are going to see this be the default way people invest as well.

Not that trading is wrong, of course you can trade, but holding is simple and easy, so there is no reason why we should not be doing this. I get that we can see some changes here and there, as long as we do fine, it won't be an issue to keep holding. Stress and anxiety makes someone ill, and when you are trading you have a lot of stress, instead when you hold there is none of that and you feel much more comfortable and make a lot more money instead.

Some things are also just easier said than done.
Emotions are a quirky thing, and it takes practice to control them for real.
Everybody of us should strive to be self-disciplined while going for a trading session. Especially on a market like we have now.

It's always better to look at the bigger picture, in my opinion.
The bigger trend will always outshine the one that is seen on a smaller scale.

When a person trades with emotions in his head, the market becomes a predator for such behavior.
And it punishes it heavily.
So in order to get a hold of our funds, we should always have a hold of our emotions in order for our trading sessions to be successful.

Everybody has their own metrics and factors to consider - after all, it all boils down to if we made profit or not.
And patience + having a clear goal in mind sure will help anybody in that, that's the truth.

I quite understand your psychology here, except that you misrepresent the situation or the right term. You are actually referring to "patience" and "not peace of mind." Peace of mind itself is a virtue and it's psychological towards being fulfilled with your action, but what you explained doesn't portray that. However, being patient with the nature of Bitcoin and only trading when factors like the cycle, important events like the ETF and the US election unfold to impact the market in such a way that will earn you almost certain income is a smart idea. It is our choice still and it will always depending on our capability for trading and investment.

It's true that keeping ourselves calm is very important, but I also believe that's not an easy thing to do neither. People know about how it is important to not trade with emotions, and yet they are failing at keeping their emotions at bay, they keep on trading like it's something that is getting too much crowd, and their mind gets too chaotic and they make mistakes.

Having a mind that doesn't stop worrying is a common thing in humans, we worry about things that doesn't even happen, anxiety is one of the most common illnesses in the world these days, so telling these people to trade while being calm isn't easy, they know what they should do, they are just incapable of doing it, and it's understandable as well.

Having a clear view of the trend is very important and that is what long term timeframes such as daily,  weekly and monthly candlesticks can significantly enhanced our understanding of market movements and conditions. For example,  daily candlestick for the past 7 days are green and that shows a very clear up trend but if you look at 15 minute timeframes you can see several over bought conditions. 

When you are at the right state of mind then that way you will be able to control your emotions because that is one of the major problems that people face, so if that can be controlled because a lot of people even get discouraged just because they did not or refuse to learn to manage their emotions well. The more you are prepared mentally the more it is easy for you to learn, because if the mind is not open then their is no way that you will be able to learn.


And after mental and emotional preparation then you will have to decide which exactly you want to do or you can try everything out then find a way of choosing the one that works for you best, because the earlier you find it out before you become master of all trade and master of non you have to focus on a particular pattern that is best for you. Trading as a lot of techniques and strategy.

How can we have peace of mind when we are not being profitable about the way we are trading, this also have a lot to do with the pattern being used, the risk we afford to take and how well equipped we are in learning the trading skills before starting, all these are going to count whether we like it or not, some that overlooked them eventually fails along the way, we are the ones to make provisions for things that are goint to give us peace of mind and not that we expect it from somewhere else.

I agree with you that it is important to keep our mind calm during trading, because if our mind is calm, we can better research the trading strategies and take the right decisions and depend on confidence which helps us to adopt the right decisions and the right strategies. Because it reduces our stress while making any decision. When we sit down to do a task with a calm mind, we can fully focus on that task and we succeed in that task most of the time. And especially it is very necessary in trading, because in trading we lose all our money because of a little wrong research, so if we research calmly in trading we can take the right decision and as a result the risk of losing money is also reduced to a large extent.

If the risk management strategy is followed, it will not matter on which timeframe you trade and at the same time you will remain in peace of mind. But if you trade with a lot of leverage, then even on a long timeframe you will not find peace of mind.

Having peace of mind can help a trader, I know. But I can't think that this is a strategy for individual traders. Because peace of mind is different from the strategy used in trading. Because peace of mind does not require the use of technical or fundamental analysis, remember that OP.

Because having peace of mind is part of our personality and character being as we are. Therefore, the trading strategy is only based on indicators, while peace of mind does not revolve around that angle. Well, of course this is for my own assessment only.

I have to agree that trading with so much doubt and confusion will only lead to series of losses and failure. More than knowledge and good thinking, skills and working strategies, it’s also crucial to trade with a peace of mind. Not only you can manage your emotions, but you can also avoid distractions and fully focus on your plans and goals. While trading is quite complex, then the more that you have to develop peace internally so you will be more guided and become highly successful when trading.

Trading with a good mind is something we must do, because I understand it as trading with a calm mind. Trading with a chaotic mind is not recommended, because it will make our analysis not run as it should.
For example, when we feel a loss, we are advised to take a break to calm our minds, because when we have to force ourselves, then maybe emotions will control us, because our minds are still left behind in the losses we just got before.
While in good thinking or in a calm mind, we can be broader in viewing a market because our emotions will be more stable than trading with a chaotic mind.

This is the most basic thing in trading without being based on good thinking, this is the beginning of failure in trading. Indicators like this have been discussed a lot before. If we are traders, we definitely know what will make a profit in trading.
I hope there is a different strategy, whether long term or short, that can give me bigger profits in trading, trading with a good mind does not necessarily produce results because prices are always fluctuating and active all the time.

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.

I don't think that a psychologist is needed to trade well, you need a good community to exchange thoughts and emotions, sure, but practice brings what's needed, in my regard, in my opinion.
It all boils down to practice, knowledge, and determination.

Yes, I also thought that the topic would be about the need to make all decisions carefully, something on the verge of yoga in trading. ))

But it just turned out to be another topic about nothing, a little about elections, a little about timeframes and decisions based on news. It would be closer to the title if the emotional side of trading was discussed, but there have already been enough such topics here, and without this it is clear that you need to trade in a calm state, emotions are always harmful, not only in trading but also in other areas of our lives. And timeframes have nothing to do with it (this is for the OP), this is just a choice for the convenience of your trading strategy, nothing more...

That is why you need to calm down of yourself before trading. Calmness is needed in any situation so you can adapt to the current situation and know how you should reacts. If you just panic because read some news that you don't know if that is real or fake, you can not focus on your trading and make in a mess.

Whatever you use for trading, if you can not calm down when analyzing, you will enter and exit the market with a wrong decision. When you can calm down and focus, you will not gets the effect of the news that you read. You can analyzes the market based on the movements while you can decide when to enter and exit the market.

Your decision will not be in a rush because you will consider many things before deciding. Your analysis will help you to know the time to trade and leaves the market. So you really need to calm down before trading so you know what you should do.

I love you guys and wish nothing but the best for you and yours in this ever so competitive market.

 TheInternetHunterBiden

This one depends on the trader as he has his own targets on this activity. Some have short-term goals to acquire the profit that they want, whereas, some are for long-term to gain as much as profit that they think of. However, there's no concrete answer on this as the profitability depends on the project involved and the entry/exit point of the trader.

Hmm, Haha, and this knowledge cant help.

First of all, let's clarify are you commenting on this in general, or for me, anyway taking into account of your first question I'm not into gambling even though I hate promoting that too, I'm not into leverage trading I hate and discourage that too.

Now coming to a hundred bucks I can I have a lot of money and I'm confident in my decision (An answer from the general perspective of a trader).

I can trade according to my own chosen time as I'm not into stocks or any other timelapse restriction, it is volatile that's the reason I've chosen this market, and who said it's unpredictable?

For the rest I' gonna find peace as I cant find any of the tips useful for peace of mind all of these are old talks even though I've mentioned them several times, for the rest knowledge cant help if it could Chat-GPT could be the best trader but it isn't and any other information source or indicator could have won the market.

Peace of mind isn't a trading strategy but a state of the mind that all traders need to be in to make better decisions so they don't lose but become victorious in their trade hence you shouldn't call peace of mind as a strategy before some newbies that are not well informed will think that peace of mind is a trading strategy. I haven't seen any strategy that I'll declare as the best trading strategy because I know how different things can work in a specific way for people with different mindset. There are some strategies that doesn't fit everybody trying to become a trader, to be doing. Some strategy that got to do with high leverage isn't for everybody's as there are people that'll lose when they try it because they're not preparing to risk that high when trading. Some of the most popular trading strategy, are Scalping, Day trading, New trading, position trading and so many other strategies that are very efficient.

Is the trader one that is willing to wait for such long timeframe as daily or weekly to make profit from it? This is the very question you should ask yourself. Those long timeframe requires patience to have it hit the anticipated mark. Meanwhile not every trader likes to use longtime frames but that doesn't mean those that use short timeframes like 5m, 15m to 1h don't also make profit with it. The important aspect of long timeframe is that it gives the trader a better insight about the market trend and the candlesticks pattern more than a short timeframe.

Yes, there is, and its name is "Knowledge." 

Seriously, you will find that most traders rely on luck after joining the market, which is entirely wrong. What are you into, gambling? No, it's trading, for god's sake. You can't treat trading like gambling because they are different. You can't just throw a few hundred bucks in the mix and expect good returns if lucky. Please open your eyes and mind, check the market, research, and first find cryptocurrencies worth trading that can provide you with at least some profit. Then look for suitable trading windows instead of doing it whenever you want. The market isn't going to react based on your gut feelings.

The point is that traders need to know what they need to succeed in such a volatile and unpredictable market. If you strive for profits more than knowledge at the initial stage of your trading career, you are ruining your career yourself, and you shouldn't blame anyone but yourself if you fail. A significant capital and your gut feelings won't get you far. Knowledge is the key.

If you want peace of mind, trade only when you know exactly how to trade, and not rush into trading because you envy those people who are making huge profits out from trading. Strategies are useless if you don’t know how to make use of them in a positive way, and I think strategies aren’t enough to trade successfully.

Trading begets learning, and with learning provides different experiences, so strategies aren’t enough, you need reliable experiences on the market so that you can expect more positive trades and minimize those trading losses.

Whether you are a scalper, day trader or swing trader, if you don't trade with what you know you can afford, you are going to lose more that you earn. Many traders do not understand what rest of mind really means. Traders that have been trading for many years with huge profits will always have rest of mind when they are trading because even though they lost that trade, they have nothing to lose. This scenario can be related to a gambler that just hit a jackpot going back to make some small bets to play with money. Trading is for those that can accept loses not someone that would lose and will want to chase their loses. Trading with what we can afford to lose can also give us rest of mind.

Being relaxed and trading without any worries is not really a strategy and instead it is just a reflection of the personality and the skill of the trader in question, after all if someone is facing difficult market conditions and even then they are experimenting the same peace of mind that they did when the market was ranging, then you know that person is either very skilled or they do not really know what they are doing and that is why they are not really nervous.

People always focus on the most important event. This week it was the election so people didn't care about the other events. Next week we will go back to normal and again we will be focusing on the FED and the other financial events. The winner has emerged and the markets seem to like what they received. Crypto certainly liked Trump's victory without a doubt. Right now while I'm typing this post, bitcoin is hovering around $76k which is pretty damn big. $100k is any moment now. I am almost certain that we will be seeing $100k in less than 3 months. Trump's victory will make so many people rich beyond their beliefs.

Were the different categories of traders with different names? I didn't know that, thank you for enlightening me tonight.

I find it extremely risky to use 15 minutes, 1 hour, 2 hours or 4 hours candles, these time frames aren't a good indicator of what's coming up but from my experience, weekly and monthly charts are better indicators. You can see that during a year or years, price goes up and down and if you are a long-term trader, it can usually ease your mind.

I think that strategies don't work short-term. They might work for a limited time and in certain timeframes but your strategy can be ruined anytime because any news can significantly pump or dump the price. This can ruin the calculation that you made with short candles.

The narrative is mostly with still the US election and that's why Bitcoin has been reactive because this is how influential and powerful the said event. It's good that you are not worrying about the fomc meeting because what is on your is about the current pump that we're having. That's a good news that we're looking positively even with such news just after the election.

Or moreso, simply become a long term holder and all of the strategies that everyone is doing can be broken by the unpredictable move of Bitcoin. Whilst a calm holder is unbeatable and still looking forward to a better pricing.

When you do trading, you should focus on your setup and use of strategy, apart from having a deep understanding of it. Because even if your knowledge is extensive, if you are not focused,
your trading activity as a trader will be ignored.

There are others who know how to use the strategy they are doing but there is no development or progress in their trading activity in short it is still not profitable
so it also causes stress for them.

Hmm, I was expecting something else from this topic, I was thinking that here Op is gonna showcase some of the tips to maintain the peace of mind in order to take better decisions haha I know I'm using the recurrent information still.

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

Based on his statement he said its a long term trading weekly or monthly meaning it's a swing trading.

The reason why almost every indicator works is that it produces more reliable signals and fewer faulty signals.

However, in a short time frame, not all indicators will work perfectly without patterns,strategy and etc... fundamental will help for making decision but it doesn't always work on short time frame.

Maybe for OP it works always on long term but in short term fundamental analysis is not always work.

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.

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.