Topic: How do you Panic? - page 30. (Read 39813 times)

Even pro traders do panic or some of them just exit ,take the profit and leave the market i have a mentor who do that things they don't stay in a very volatilte hype market but others do use to take short trades which is very risky .And i do panic also sometimes or called FOMO .

Some negative situations can be very shitty you know and it is normal to get scared a little but try as much as possible to quickly overcome it, make a good decision and move on. You are right that panic will not help and the only positive side to every negative one is your ability to learn from the mistakes you made and see how you can do it perfectly when it comes at you again.

Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

That is why it is always good for someone to try to overcome that most especially when they are looking forward to trading pro. Most times, it is always good to know what you have in plan for a way out even before you step in. In that way, if there is any issue, you will know how to pick up your shoe, dust it and set out with speed.

Traders should not be prone to panic. This has a negative effect on trade. Always remember that bitcoin is a reliable crypto currency. And the fact that after every fall there will be growth. Panic will not help you in anything. When you become an experienced trader, you will stop panicking

I think it is impossible to avoid panicking, you may reduce the amount of times you panic but at the end if you have a lot of money invested in a coin and that coin begins to drop in price at a great speed then I think it is natural to panic at that point, so the only thing we can do is to try to minimize the amount of situations in which we are going to panic by not putting all our money in a single coin.

I don't panic. What's that? I usually just hold and also buy more coins when the prices are falling. Sometimes I also sell a small percentage of my holding and try to buy it again at lower price. But I never sell all of it. The market is very unpredictable, so it's too much risk selling it all.

To deal with panic it's very important to believe in the coins you hold. If you did the research and are sure blockchains are technologies with great perspective and you did your research on the coins you hold it won't be hard to believe in them, so you'll have no reason to panic at all. But if you just trust hints of other people on forums and don't really know the coin you hold it will be very hard not to panic and keep holding when your portfolio is red.

And also never invest money you know you'll need at some point in the future. This way you'll never have the need to sell with loss and will have time to wait patiently for your holdings to be green again.

EDIT: And another good point is you should know that every market always tends to go up. There are events, usually planned by large investors that manipulate the market, that will cause the market to crash. This way the big guys get their coins cheap. But whenever they buy cheap, they're interested to sell their cheap bought coins with profits. So you can be 100% sure that after every drop they will manipulate the market price to rise. So there's really no reason for worries when prices are falling.

Even you are calm the trades will going to affect your mind but as long as you can make profit thats it and its good better than to panic in terms pf panic buying or selling, always obaserve the market and analyze before making any moves .

This is something which all the traders need to learn and understand as early as possible. Only then they can manage to earn a good amount of money and profit.

I think there is no room for getting panic or losing your patience in the world of trading. The moment you lost your control on your nerves, you are going to suffer a big loss. So remain calm.

I agree. You're not human if you don't panic.
It's okay to feel that but after you felt that just let go, breath in and think it's all usual like there's nothing to worry.
Because if panic eats you, you be able to do things unnecessarily.

I don't think anyone is like that. People do panic every once in a while and that's normal. Its part of your experience in becoming an efficient trader to know how to ride situations that can cause panic

I feel panic sometimes when the value of the coin i hold was continuous dropping but i do not do panic selling because i know that if i do that i lost the opportunity in earn profit since we are on crypto world and all is unstable my mindset was every dump happen the next is pump of the value.