Peace of mind, the best trading strategy!

[Ricardo11]

When you trade with an amount you can afford to lose, your emotions will always be in check, and as such, your peace is secured, you wouldn't be making outrageous emotional decisions that may warrant you to start losing money.

It's good to think of it before a beginning but it doesn't mean you will feel good when you are facing loss or complete loss of your original trading capital. It's never easy for new traders to afford losing all original capital. This lead to another wrong thinking to "Revenge the market" that results in more losses.

Newbies can start with a good thinking "afford to lose trading capital" but in actual trading, emotion and psychology will be so hard to control and will affect trading decisions. Newbies have to trade a lot to control emotion and psychology, it's only achieveable with time and experience. If you feel it is hard to achieve, just DON't trade.

Calmness is very important in trading, because it will affect the decisions we will take. Once we are affected by emotions, everything will fall apart. It is better when we feel uneasy or start to feel anxious, it is better for us to stop for a moment to restore unstable emotions. Some people experience losses not because they lack knowledge, sometimes they experience big losses because they force themselves to continue trading when emotions are unstable. Although we can be said to be able to recognize emotions, sometimes emotions come suddenly and will be very difficult for us to control, the choice is to stop for a moment.

In fact, while trading, how much more you calm keep your mind relax, you can able to do better research the market and trade fully correctly. Because in order to apply the right market research and the right strategy in trading, you must first keep your mind calm. Because if your mind is not calm, you can make mistakes in market research, and if the market research is wrong, you cannot use the right strategy, as a result you will have to face losses.
And during trading, you must have a tendency to stop at any moment, because when a trader loses, many traders continue to trade emotionally, not caring about how much they have lost, as a result they end up facing losses beyond their capacity.
So you must develop the habit of stopping at any moment, because this can save a trader from suffering big losses.

[Wakate]

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.

Thinking the same things from the subject of the topic, I thought the content would suit the subject, but it’s not. Although as a trader, peace of mind is also what matters while trading because without that, I don’t think a trader will take profit from the trading.

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

I don’t think so; trading is something different. It is not a normal case that a psychologist can solve. This is all about the knowledge and understanding of trading, and if a trader knows the risk and every part of trading, then definitely he should maintain his peace of mind before he enters the market and starts trading, and if he can’t, then definitely that trader is not yet qualified as a trader; he needs to work on that before he trades.

As far as I know, according to my experience, even if we have peace of mind, if you don't have enough knowledge in trading, it's useless to have it. Even if we say that we have extensive knowledge in trading and you have peace of mind, if you are out of focus, it's still useless.

But if you are focused on your trading activity, even if you don't have peace of mind, but you know what you are doing, you can still for sure make a correct analysis of your trading activity.

Peace of mind is very important and can help us become a better trader if we don't take money from people to trade in the market. I have seen friends entering into debts because they are too confident about the market and their strategies, going far as getting money from families and clients, trading for them why getting their cuts. We ought to learn the habit of gambling with our own funds so if anything happens along the way, we can bear the loses without having to be panicking about paying clients money. Experienced traders are attest to this which has ruined the lives of many traders because they believe they can trade with confidence making profits from the market.

[aylabadia05]

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Peace of mind is very important and can help us become a better trader if we don't take money from people to trade in the market. I have seen friends entering into debts because they are too confident about the market and their strategies, going far as getting money from families and clients, trading for them why getting their cuts. We ought to learn the habit of gambling with our own funds so if anything happens along the way, we can bear the loses without having to be panicking about paying clients money. Experienced traders are attest to this which has ruined the lives of many traders because they believe they can trade with confidence making profits from the market.

When they do it with the right strategy, it doesn't matter where your budget comes from. The problem is, the market is so risky that sometimes it doesn't line up with what we expect. The expected profits can be obtained if we do it with a strategy, but don't set high limits because that can be difficult. When profits have been made, you must be disciplined in your strategy so that you have a greater chance of accumulating the budget to pay back the loan.

But of course, it is not recommended for anyone to trade on a borrowed budget. We never know what will happen in the market, so it's best to avoid trading on a borrowed budget. I personally would not take a loan to trade, but if there is an agreement, then I would probably consider a certain limit by mutual agreement (cooperation).

[justdimin]

When they do it with the right strategy, it doesn't matter where your budget comes from. The problem is, the market is so risky that sometimes it doesn't line up with what we expect. The expected profits can be obtained if we do it with a strategy, but don't set high limits because that can be difficult. When profits have been made, you must be disciplined in your strategy so that you have a greater chance of accumulating the budget to pay back the loan.

But of course, it is not recommended for anyone to trade on a borrowed budget. We never know what will happen in the market, so it's best to avoid trading on a borrowed budget. I personally would not take a loan to trade, but if there is an agreement, then I would probably consider a certain limit by mutual agreement (cooperation).

If you know what you are doing then you are going to end up with a lot better result for sure, that's the most important part and we can definitely consider this to be a great deal, we need to consider this to be a profitable business without a doubt.

I believe we can make this work if the market is bear, or bull, as long as we have the right strategy for each market. Remember, we have short futures right now, which means that if the price goes down, then you can short it before and that could make you a lot of profit as well, so doing that is the most important part. So at the end of the day, having a proper strategy could get you profit on bear or bull market regardless. This definitely the most important part.

[Dewi Aries]

Peace of mind is very important and can help us become a better trader if we don't take money from people to trade in the market. I have seen friends entering into debts because they are too confident about the market and their strategies, going far as getting money from families and clients, trading for them why getting their cuts. We ought to learn the habit of gambling with our own funds so if anything happens along the way, we can bear the loses without having to be panicking about paying clients money. Experienced traders are attest to this which has ruined the lives of many traders because they believe they can trade with confidence making profits from the market.

One of the reasons why peace of mind is very important for a trader to have is because trading is a decision-making activity where a calm mind can prevent you from feeling doubtful when you want to open a trade, on the other hand, I think feeling confident is a good ability that a trader must have, but that's also if for example you trade using a strategy or skill and not acting carelessly, the benefit is so that we don't miss the right moment when we should have opened a trading position.

Trade with the amount of money we can afford to lose? of course, because basically trading is still a risky activity where when you can't accept losses, there is a possibility for you to lose more money due to chasing previous losses, and actually trading with an amount that is ready to be lost is also one of the best plans that will help us to be calmer when trading.
The point is, if for example you do trade by relying on a strategy that you think is good, then there should be no doubt for you to open a trade, especially when you find the right moment, and if for example in the end you lose, then that's a natural thing.

[2Pizza410000BTC]

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.

Actually, whether the timeframe of the indicator is 15 minutes, 30 minutes, 1 hour or 4 hours and 1 day depends on whether you understand the indicator well. Now I have a 15 minute indicator but I can't really predict which direction the candles will go next. For those who can predict the indicator correctly, a 15 minute, 30 minute or 1 hour indicator will bring good results on the trading platform. The trading platform does not seem very easy to me. The trading platform is very difficult but if you can gain experience in trading, trading will be easy.

[Cryptmuster]

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.

It would be good not only for trading, in many areas of our life stress can affect us, our mood, our decisions, so it would be very good if we could control our emotions and find a neutral balance in our minds. But unfortunately this does not always happen the way we want it to. By the way, I have noticed this for a long time. That more emotionally balanced traders achieve better results than impulsive people, so yes, it makes sense.

[Cookdata]

Actually, whether the timeframe of the indicator is 15 minutes, 30 minutes, 1 hour or 4 hours and 1 day depends on whether you understand the indicator well. Now I have a 15 minute indicator but I can't really predict which direction the candles will go next. For those who can predict the indicator correctly, a 15 minute, 30 minute or 1 hour indicator will bring good results on the trading platform. The trading platform does not seem very easy to me. The trading platform is very difficult but if you can gain experience in trading, trading will be easy.

Why will you use 15 minutes time frame to trade in the first place when you are not a 10 minutes perpetual trader, it's really risky because you will never see where there is major resistance and supports and also local resistance in the other time frame. Even if you are scalping, the best and least you can enjoy in time frame is 60 minutes and also 4 hours, you can use 8$12 hours for to confirm supports and resistance so you don't get caught up on your trade.

In a bull run, I don't advice people to scalp when the market is too good to be making profits. If you have been doing long term trading since October to now and you have been using high liquid pairs, the numbers of orders that you will have in profits to now will be far bigger than what you have lost because there has not been any major crash of the coin prices, if you have been doing only Bitcoin and USD pairs, you should be having high cumulative profits by now.

[tvplus006]

...But if you are focused on your trading activity, even if you don't have peace of mind, but you know what you are doing, you can still for sure make a correct analysis of your trading activity.

Proper analysis will not be crucial if the trader does not strictly adhere to risk management. This is exactly what will help to maintain peace of mind no matter which way the price moves.

[Lanatsa]

Peace of mind is very important and can help us become a better trader if we don't take money from people to trade in the market. I have seen friends entering into debts because they are too confident about the market and their strategies, going far as getting money from families and clients, trading for them why getting their cuts. We ought to learn the habit of gambling with our own funds so if anything happens along the way, we can bear the loses without having to be panicking about paying clients money. Experienced traders are attest to this which has ruined the lives of many traders because they believe they can trade with confidence making profits from the market.

One of the reasons why peace of mind is very important for a trader to have is because trading is a decision-making activity where a calm mind can prevent you from feeling doubtful when you want to open a trade, on the other hand, I think feeling confident is a good ability that a trader must have, but that's also if for example you trade using a strategy or skill and not acting carelessly, the benefit is so that we don't miss the right moment when we should have opened a trading position.

Trade with the amount of money we can afford to lose? of course, because basically trading is still a risky activity where when you can't accept losses, there is a possibility for you to lose more money due to chasing previous losses, and actually trading with an amount that is ready to be lost is also one of the best plans that will help us to be calmer when trading.
The point is, if for example you do trade by relying on a strategy that you think is good, then there should be no doubt for you to open a trade, especially when you find the right moment, and if for example in the end you lose, then that's a natural thing.

Panicking will never ever be doing no good not only just on trading or investing but also in other things in lide on which you would really be needing up to have that clear mind for you to be able to make yourself to make good decisions and not something that in result when you are on boggled or hesitance due to some reasons. Nothing beats out if you do have that clear mind on which you can be able to think up well and act accordingly into the things that you've been dealing with. Actually this kind of thing should really be standard because investing isnt something that will be a smooth sail ride or giving out that guarantee that you can make money.

In making strategies then it will really be that a trial and error because we are the ones who will really be finding out on which strategies will be giving out some positive results but of course not an assured thing because there's no strategy that works everytime and thats why we do make out adjustments accordingly basing up into the market condition on which this will really be testing out our knowledge and skills accordingly. There are really just that those people who are really that rushing up too much and becomes greedy and thats why they do really end up on having some issues or mistakes later on.

[pusaka]

Calmness is very important in trading, because it will affect the decisions we will take. Once we are affected by emotions, everything will fall apart. It is better when we feel uneasy or start to feel anxious, it is better for us to stop for a moment to restore unstable emotions. Some people experience losses not because they lack knowledge, sometimes they experience big losses because they force themselves to continue trading when emotions are unstable. Although we can be said to be able to recognize emotions, sometimes emotions come suddenly and will be very difficult for us to control, the choice is to stop for a moment.

In fact, while trading, how much more you calm keep your mind relax, you can able to do better research the market and trade fully correctly. Because in order to apply the right market research and the right strategy in trading, you must first keep your mind calm. Because if your mind is not calm, you can make mistakes in market research, and if the market research is wrong, you cannot use the right strategy, as a result you will have to face losses.
And during trading, you must have a tendency to stop at any moment, because when a trader loses, many traders continue to trade emotionally, not caring about how much they have lost, as a result they end up facing losses beyond their capacity.
So you must develop the habit of stopping at any moment, because this can save a trader from suffering big losses.

That's the point, even in any case, peace of mind will greatly affect the decisions that will be taken. I will take an example in sports, for example football. When a player is emotional, then the player will no longer be able to carry out a strategy that has been prepared well, even that will affect other players too. That's why we know in football that usually opponents will provoke emotions, because that will make them no longer focus on the match. Well, this will be the same in trading too, even though we are alone, but emotions will be caused by many factors, one of which is because in the previous trade we experienced a loss, maybe it was also an external problem that was still remembered so that it triggered uncontrolled emotions.

[Yeesha]

Peace of mind is essential for traders, as it enables them to make informed decisions. A calm and focused mindset allows traders to think critically and rationally, leading to better decision-making. Additionally, traders must continually improve their technical and fundamental analysis skills to make well-informed trading choices. Dedication and commitment to the craft of trading are also crucial for achieving success in this field.

[Yeesha]

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?

Here are some little ideas I have on tips to maintain your peace of mind in trading.

You can maintain peace of mind by:
managing your emotion you need to control your emotion don't let your emotions control your decision, always stay calm before taking any decision to avoid making the wrong decision. sometimes, you need to exercise and meditate your body to free yourself from stress. Make your health your priority make sure you are physically and mentally fit. associate with a professional Trader or a mentor that will guide, support and motivate you on trading. Focused and concentrate on trading objectives, and  stick to strategy that suits you, don't let anything distract you. By following these tips, you will be able to maintain your peace of mind and you will be able to make right decisions, without being controlled by your emotions.

[RockBell]

Peace of mind is very important and can help us become a better trader if we don't take money from people to trade in the market. I have seen friends entering into debts because they are too confident about the market and their strategies, going far as getting money from families and clients, trading for them why getting their cuts. We ought to learn the habit of gambling with our own funds so if anything happens along the way, we can bear the loses without having to be panicking about paying clients money. Experienced traders are attest to this which has ruined the lives of many traders because they believe they can trade with confidence making profits from the market.

When a person have of  peace of mind whatever the person is doing, we definitely succeeded and that is why we had to rate Peace of mind should be one of the main thing that should be considered in the person's life, if the piece of mind is there even trading should be made easy, but if  the mind is divided then the challenge have just increased and the more , people enter a lot of trouble because of that confidence and this is an open market that can accommodate anything so the consciousness have to be there if not, you'll get lost and you might find yourself in more problems so it's better to open your eye and not to get too excited when trading.

I have heard of news how people lost their money and their friends money or other people's money just because of our confident they are in making money in the market. The best thing anyone can do is to transport as possible to follow the right step when it comes to Trading the other possibilities that are putting in place for example using the top loss, takeprofit. And setting the leverage, this are most of the conditions that we won't worry about. Going to debt while trading is dangerous holding is much more better.

[Oluwa-btc]

Peace of mind isn't a strategy but in my honest opinion, peace of mind is possiblly what makes any strategy effective and reliable.The power of peace of mind is true to a large extent that it can be a pure strategy for traders.A calm mind helps you to stay focused despite the pressure that comes with your career and that's a good strategy.

[hyudien]

Peace of mind isn't a strategy but in my honest opinion, peace of mind is possiblly what makes any strategy effective and reliable.The power of peace of mind is true to a large extent that it can be a pure strategy for traders.A calm mind helps you to stay focused despite the pressure that comes with your career and that's a good strategy.

Trading is an activity that is full of pressure and challenges so it is indeed justified for someone to have a calm attitude in trading, by applying this way of thinking someone will be able to avoid impulsive decisions and this will prevent them from unnecessary losses, my initial stage to act and think clearly is to go on vacation to find peace as much as possible avoid trading first especially when the market is in a sluggish condition, when the time comes I am ready to fight again in the market.

[Negotiation]

Staying calm and composed in trading is a very important factor that will help you move towards long term success especially when the market is slow, it is wise to avoid trading. In a slow market opportunities are few and the chances of making the wrong decision are high. When the time is right, the mindset of preparing yourself to get back into the market will make you confident. Remember that trading is a long term process and patience is one of the keys this calm and thoughtful approach will help you face the challenges of trading and succeed.

[Cpt_reader]

Of course this is right because peace of mind is the real thing for trading. When I first started trading, I used to take advice from my friends, but sometimes I thought that it would be better if I observed the market myself and took trades according to my own wishes. I would have sold at a loss after thinking about all these things. Actually, I did not get peace of mind about trading then. And now, after looking at it, I trade according to my own wishes, I get peace of mind and make profit. You can't get stressed after trading. You just have to be active and sell as soon as the price increases.

[Oluwa-btc]

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.

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.

I agree, peace of mind reflects on the core truths of which discipline are important and profitable to building a stable and solid foundation as a trader.Traders that are calm and neutral to pressure are better at handling losses,open to clarity.Another thing we need to understand is that peace of mind isn't the game changer as a whole trader, it's a procedure that helps you stick to plan with discipline and consistency.

[DaNNy001]

Peace of mind is all mental and this has a lot to do with psychology... having anxiety or feeling worried when trading means that you lack experience and probably trading out of your comfort zone..trade with what you can lose, don't rush the market and don't try to treat trading like a ponzi scheme..for you to be at peace when trading you must also learn how to control your emotions, avoid revenge trading and always learn from your mistakes.