Quote from: GiftedMAN on November 15, 2024, 10:02:00 PM

Quote from: Dr.Bitcoin_Strange on November 09, 2024, 05:41:01 PM

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

With peace of mind, we can make best trading decisions.

If you want making trading decisions with peace of mind? trade only on those timeframes with any indicator and you will make money.

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.

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.

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.