Quote from: Rockstarguy on Today at 04:50:24 PM

Quote from: Smartvirus on November 21, 2024, 07:26:02 PM

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

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.

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.

Normally it is impossible to trade with a mind full of distraction. Crypto trading is very technical and it is impossible to scale through in trading when the mind is not at peace.

Trading with a clear mind helps one to be able to pay attention to the rules and principles of trading. There are processes which a trader needs to execute and with the wrong state of mind it can't be possible to take some certain decisions. Making use of trading analysis becomes productive with a peace of mind, if not in the right states it is impossible for a trading analysis to be successful.

A session won't be a successful one without peace within your mind, combined with so much more, but let's expand on that.
You should do it (trading) knowing what to look after and what your goal is. Otherwise, it may end up in another bad day amongst the ones that pass by, week by week. And we totally are looking for a way to make each day greener to get that PNL at the end of the month!
So, in order to achieve these heights, one should be cautious and collected, with all the tools ready.