Topic: Decision in panic! - page 66. (Read 6005 times)
There are many people who have made hasty decisions because of the fear of losing everything. You have to invest the amount you can afford to lose. So your health will not suffer. Profit can be achieved in the long run, or very long. Therefore, you must be prepared to profit after a long time and the money invested do not need next week. Panic can generate bad decisions that you regret later.
Panic is the worst enemy of traders and panicking comes as a result of uncontrolled emotion and greed. You do not react to news of the market by panicking otherwise you will make mistake and when a mistake is done then loss follows. I once lost my fund through panic and i have to refund the account to start trading again.
Have you ever take wrong decision when you were panic. share your experience
After The Bullish run on the last quarter of 2017, on initial months of 2018, the bloodbath. I actually sold the coins/tokens i hodl for way more less when i bought them. I panic so much. I even turn them to fiat. Well that was a lesson, i wont repeat no more.
Yes of course, unfortunately :-) For example Telcoin - it was new on Kucoin, there was some competition that you can win some free coins, I though it is a great opportunity and I was like OMG I am goingt to miss the train!!! So I bought it immediately...well, now I am -80% with it 
Have you ever take wrong decision when you were panic. share your experience
When I started here my friends got my ass covered with all the anti-panic statements for me. They already had lot of experience with crypto currencies and thus when they introduced me to the crypto world they first of all helped me to know what panic sells is in the crypto world and what are the events when people normally get panicked. Thus, I was like prepared for the various downfall that could disturb me and I might be doing the panic sells ahead. So in the mean time it helped me a lot not to get panicked about anything. So may be I never panicked here. Thanks to my friends though.
Decisions made in panic are mostly wrong! When I was younger I made many wrong decisions, now
I think that morning is smarter than evening, and I try to sleepover any big decision that I need to make
and only in morning when I get up fresh I think again and then I make final decision.
There are moments when decisions needs to be made in seconds. In those moments I try to make the
most safest decision. I don`t run for profit like I use to when I was younger.
I think that morning is smarter than evening, and I try to sleepover any big decision that I need to make
and only in morning when I get up fresh I think again and then I make final decision.
There are moments when decisions needs to be made in seconds. In those moments I try to make the
most safest decision. I don`t run for profit like I use to when I was younger.
Yes I never experienced conditions like that. I used to never make a purchase Altcoin LTC and ETH. The price of the second coin was dropped but I've been making purchases when the price is still high. And when I come into panic and I sell, I lost 50%. Yes, that is my experience.
I did panic many times. I lose an opportunity and one that I can't forget was the DASH bull run that I've bought at $65 each. The price went up and starts to slow down, I constantly checked the price while I travel. It came to mine that I think I need to dump before I lose and so I did. I earned good but not the maximum profit that I could get.
Without proper guidance and experience i think it is the cause of panic decision especially if you dont know the game of trading and investing in the market. But mistake usually makes yourself more wiser in thinking for the next step you will take always.
I think everyone who is here has ever experienced it because of someone's greed in expecting huge profits because I am also one of those greedy people 
I never hold token and to this day the tokens I hold are dead
I never hold token and to this day the tokens I hold are dead
I doubt you will get any personal experiences here because panic is a part of human nature and with the volatility of crypto, hard to enumerate the number of such incidents, except that you learn to deal with it eventually.
The panic makes me unable to think well, because the panic is overwhelming makes me wrong in making decisions, usually I feel panic because altcoin that I have decreased, afraid to lose make me sell all my altcoin, I finally feel sorry.
Panic for what?
Since i trade on exchange, panic will be friend everyday. If price going low, and we think will going up again but price going down more, it will make you to sell you coin immediately. It is called PANIC SELLING.
If i in condition panic, i decide to hold around 2 week, and sell it whatever will be.
Since i trade on exchange, panic will be friend everyday. If price going low, and we think will going up again but price going down more, it will make you to sell you coin immediately. It is called PANIC SELLING.
If i in condition panic, i decide to hold around 2 week, and sell it whatever will be.
you are not panic selling, that part is right but what you do is not right either! you are panic holding!
when price goes down every experience trader knows that they have to sell and you have to do it as fast as possible.
you should not confuse "panic selling" with "stop loss". these are two very different things. a panic sell is when the dump is already over and price is at the bottom and you sell so that you miss out on the recovery. but a stop loss is when you sell a long time before the dump has ended to prevent a big loss and protect your investment.
also the "panic holding" is when a newbie thinks if he holds that altcoin that is getting dumped he is being right and he will make a profit. but what happens in reality is that the newbie loses a lot of money, locks his funds in some shitcoin that got dumped and because he will wait a very long time for the recovery and finally he will panic sell eventually at a much bigger loss.
First week of trading or so I made a mistake. I learned and adapted since.
Have you ever take wrong decision when you were panic. share your experience
Feeling panicked when the market goes down is a natural thing for the holders. So far I have never experienced a mistake due to panic due to the market down. I always have an optimistic thinking that the market will come back green after a correction. I think taking decisions when I feel panic is a loss. Have you ever take wrong decision when you were panic. share your experience
Yes, many times we make wrong decisions when we panic because it create fear in our body system that becloud our thinking process. For instance whenever we observe that the price of one of ours altcoins is dipping so badly we tend to panic which might lead us to sell. I remember selling my Docademic tokens to regret later due to panic.
Have you ever take wrong decision when you were panic. share your experience
In the initial days of my trades and investment I used to get very upset about the cons that I am holding when they used to go down in the value. Made many mistake by selling them at lower rates than the ATH's which they got immediately after that.
But this time I have learnt to overcome the situation and dont really panic. As I have learnt my lesson that doing so causes only self loss and nothing else. So if you want to be perfect investors then always remember that panic is your enemy and patience is your friend in the world of crypto currency.
It's called cut lost when the price goes down and you sell your coins in order to protect your loss. Believe it or not many people are doing this and it's normal, something that you have to do spontaneously in a panic situation after that you have to find a new way to recover your lost, usually need more time to get your money back after that crash. Don't hurt yourself seeing the price crash dramatically.
Of course everyone ever being panic mode, when you just start out, don't know the situation and suddenly you heard the bad news then you will be think to prevent more lost, and you can sell without thinking anymore, when you just beginner you tends to made that mistake because you still don't know where to find the reliable source of information and you still don't have any experience to deal with the sudden situation
I used to make the wrong decisions when the price went down. But I realized if something goes wrong don't need to sell at a loss. We must wait out the storm))
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