To prepare peeled, cooked shrimp for shrimp salad, start by bringing a pot of water to a boil. Season the boiling water with Old Bay seasoning or a mix of salt and spices for added flavor. Add the shrimp and cook for about 2-3 minutes until they turn pink and opaque. Once cooked, immediately drain the shrimp and transfer them to an ice bath to stop the cooking process and cool them down. Once they're completely cooled, peel and devein the shrimp before using them in your shrimp salad recipe.