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Topic: Decision in panic! - page 67. (Read 6005 times)

member
Activity: 420
Merit: 24
May 25, 2018, 01:03:19 AM
#10
Have you ever take wrong decision when you were panic. share your experience

In everything that you'll do if you are in deep panic or fear never do or make decision for you might regret it in the future. I guess most of us have tried making bad decisions specially when we do panic selling. Panic selling is very common to emotional investors. Those people always tend to panic sell the coins that they are holding because of huge dips. In order for you not to become an emotional investor you should spend some time to research about the coin or token that you want to invest your money in for you to have faith and believe in its technology. Lack of knowledge about the technology that you invested will always result to panic selling.

I've been an emotional investor few years back. Sold during huge dips and regretted when the market starts to recover which is always the trend and just a normal cycle of the market. Right now when I see bloodbath or huge dips from the market I just ignore it and try to hold on to my coins or tokens which I believe most. I know that sooner or later the market will correct itself and will go back to an uptrend which will make me more profit.
full member
Activity: 252
Merit: 100
May 25, 2018, 12:56:07 AM
#9
They are many cases I can share, but I'd rather not.
My conclusion is that it is almost certain that decision made in panic is always wrong.
member
Activity: 238
Merit: 33
May 25, 2018, 12:55:24 AM
#8
I think you're referring into trading right? Well, yes I think most of us have been there to that situation especially when we're new into trading industry.

Before I started into trading industry I've study first in this forums (Trading Discussion), reading articles, watching youtubes videos including entry points, exit points, reading candlesticks, graphs and different strategies and after a while when I know that I have enough knowledge I tried to invest a small amount of investment just to be familiar. But after investing a small amount I am not contended then I invest a big amount and that's the time I realized that I have a knowledge but doesn't have enough experience and after that I am too afraid to lose a big amount then i sell what I've bought at a low price.
sr. member
Activity: 798
Merit: 250
homt.net
May 25, 2018, 12:52:12 AM
#7
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.
member
Activity: 420
Merit: 11
May 25, 2018, 12:51:14 AM
#6

I once panicked, and panic makes me lose because I have to sell assets when the price is cheap. Though a few days later the coin prices rise again.
newbie
Activity: 134
Merit: 0
May 25, 2018, 12:48:57 AM
#5
I dis not yet experienced it here in crypto however in real world panic is not good time to decide. Once you are in panic moment your thinking is what will be will be or no matter what happen I will accept because I can't do anything or I do this no matter what if I die I died if not then let it be. Irvine not advisable to decide if you are in panic maybe you will most probably lose everything.
full member
Activity: 462
Merit: 113
Need me? PM me!
May 25, 2018, 12:44:41 AM
#4
Once. I have earned particular tokens from a bounty, and decided to hold. Now, that token flops at almost 0. I wish I sell all of those.
legendary
Activity: 1596
Merit: 1011
May 25, 2018, 12:39:00 AM
#3
Have you ever take wrong decision when you were panic. share your experience
everyone has done that. I am convinced that everyone has made a wrong decision and it is like a regret. panic when the price drops drastically and then we sell coins that are owned at a cheap price. whereas some time later the price increases again. but if we do not panic and can be calm in taking decisions then we can just avoid the risk of loss. so never assume that patience and calm are unimportant, because it can determine what we decide.
sr. member
Activity: 499
Merit: 268
PAYJOE93 DESIGN SERVICE
May 25, 2018, 12:33:44 AM
#2
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.
jr. member
Activity: 70
Merit: 1
May 24, 2018, 11:17:09 PM
#1
Have you ever take wrong decision when you were panic. share your experience
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