Quote from: Adams0001 on Today at 04:12:27 PM

Quote from: Wakate on November 07, 2024, 08:54:27 PM

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Quote from: Josefjix on November 07, 2024, 05:07:44 PM

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

What that matters is what trader are you.

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

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.

You are absolutely correct. It is more advisable to trade with what you can afford to lose, because if you said you will be chasing your losses, you will not get rest of mind. But when you trade with what you can afford, I am sure you will not feel any boredom because you stake with what you can lose. If you are not standard for trading, it is more better to go for investment that staking high risk on trading, that is why whenever they usually said we should stake what we can lose and even you stake want you can lose you need to get more experienced about it because the more you lose in trading that is how you will be getting more experienced on how to trade next time, that can probably reduce your risk on your staking. and he can be even you change your strategic you can lose, is just like a gambling. if you are lucky you will get huge profit but you need to get the knowledge first before you can even be a lucky and achieve huge profit on it. So we should always have confidence with want we are staking that if we win is good if we lose we will try again but is not to try and be losing anytime the best is to hold for a while and look for advice for your experience traders and see how they trade.

You will really be having that peace of mind if you do have this kind of approach towards trading on which this will really be that making you that easily be able to accept if ever you have lost a particular trade.Self awareness about on the things that you've been dealing into will really be always the key so that you wont be finding yourself having some problems in terms of loses on which we do know that this is something which is inevitable. People are really just that too impulsive on the time or moment that they do lose money. Well, this is something that cant be avoided because we are just humans on which we are really that emotional when it comes into something specially on losing money. When the time that you do step your foot into this market then the best thing that you do need up to consider is on the risks involved that you will really be needing to take and sustain. Never ever put up into your mind that trading is an easy thing to be done because you will really be finding yourself to be that careless at the time that you do make out some trades or simply bringing out that disappointment because you've been that anticipating that it was really just that an easy thing for you to deal on with. It will really be that up to you on how you do handle up yourself within this unpredictable space. Its never been easy but doesnt mean that it will be impossible to make money or profits. Everything will really be in accordance on how well you do handle yourself with this volatile and unpredictable market.