Quote from: bettercrypto on Today at 02:33:25 PM

Quote from: Dzwaafu11 on December 10, 2024, 07:12:57 AM

Quote from: Hamza2424 on November 07, 2024, 06:31:13 PM

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.

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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.