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Topic: How do you Panic? - page 40. (Read 39843 times)

hero member
Activity: 742
Merit: 500
September 13, 2017, 07:35:34 AM
It was during my earlier days of trading that i used to invest quickly in coins which i see increasing in price rapidly.Actually those coins were just pumped coins and were to be dumped soon.Soon after i buy,those coins were dumped and i have to just sell it at very low price in loss.Also,i used to sell my bitcoins in panic when there is a prise dip selling my bitcoins at a cheaper price to big whales thus making myself a weak hand.But now,after gaining experience,i just hold my coins firmly without getting panic.
full member
Activity: 364
Merit: 100
September 13, 2017, 06:32:02 AM
I don't panic really. When an altcoin I hold drops I know it will recover eventually because I always analyze my investment before investing in the first place. I think I will consider panicking once the internet shuts off for some reason.
With your thoughts I think you are a knowledgeable person when it comes to investing. It is really that you shouldn't panic because most and foremost your panic will not help you. So stay positive when you are in the world like this.
full member
Activity: 154
Merit: 100
September 13, 2017, 05:34:18 AM
Of course when you see the price is going down very fast and you are thinking that you are losing your investment. Then you panic and push the sell button without ever thinking what the hell did you do it.
full member
Activity: 189
Merit: 100
September 13, 2017, 05:23:30 AM
When the red flags are on, i really do not panic like "oh I'm losing". I panic to exchange my cash to btc and to buy some more coins.
sr. member
Activity: 588
Merit: 250
September 12, 2017, 11:06:04 PM
I don't. Panicking is the worst thing you can do as a trader. It is like trying to swim with shoes on, if that makes any sense...
sr. member
Activity: 994
Merit: 257
September 12, 2017, 10:17:12 PM
if the price we buy suddenly goes down we certainly will panic and I have also experienced it, but now I have learned and can see that the price will definitely rise again, all we have to do is wait and be patient
yes that is very natural. i think that very few people may have the ability not to get panic or those people have have a big amount of money who do not care for the payment that they have invested in bitcoin, or wise if a person have invested a good amount of money then he must get panic if the price fell down. therefore i think that it is nature when the price comes .own we get panic.
The ability to not panic under extreme pressure comes from the experience, look at firefighters, they are trained to deal with small fires at first and then when they have enough experience they are able to deal with situations of great stress without flinching, the same happens with traders, you need to learn first how to trade with small amounts of money after some time you are not going to panic anymore and you are going to take decision based on what you see in the charts.
hero member
Activity: 980
Merit: 523
September 12, 2017, 05:13:46 AM
we must have our self opinion when the market is down and its better to be patience and calm, actually we are not lose and be sure that in next day, we can sell at the high price. but yes, i realize that sometimes panic can come to us especially if we are not ready to face everything that is out in our prediction or what we are thinking. but as long as we can handle our emotion then i think we can stay calm with everything happen in the market.
We all know that crypto market is highly non predictive and it is nothing new to experience a misfortune that was not in your papers. All that we need to in such situations is to stay calm and think positive rather than wasting time on regretting your decisions etc. controlling emotions is not that tough.
hero member
Activity: 1400
Merit: 674
September 11, 2017, 06:57:09 PM
I was very panicked when the price of bitcoin suddenly dropped away once yesterday, all my assets directly I pull white cut lose and leave only a few coins in the wallet.
You may have done a right thing as far as you making this decision was concerned. I think patience is the most important thing in the world of Bitcoins. You need to control your emotions and make a correct decision under any circumstances. I will not appreciate to what you have done.
When trading panic will make you lose of all your investment. Impulsive decison, you let your emotions in during trading can gives you a headache after the results. Yes patience, descipline, analyze the market and self control can leads to overcome your loses during trading.

I'm not too panicked about the sharp decline in bitcoin prices because after the negative news continues, there will always be positive news afterwards and push back bitcoin into price correction, I just panicked for the altcoin market because almost every day is red, but after experiencing a lot of experience and understanding, finally I understand that it's only temporary fluctuations, I do not need to panic, except for trading into some shitcoin.
hero member
Activity: 1428
Merit: 506
September 11, 2017, 06:21:18 PM
I was very panicked when the price of bitcoin suddenly dropped away once yesterday, all my assets directly I pull white cut lose and leave only a few coins in the wallet.
You may have done a right thing as far as you making this decision was concerned. I think patience is the most important thing in the world of Bitcoins. You need to control your emotions and make a correct decision under any circumstances. I will not appreciate to what you have done.
When trading panic will make you lose of all your investment. Impulsive decison, you let your emotions in during trading can gives you a headache after the results. Yes patience, descipline, analyze the market and self control can leads to overcome your loses during trading.
hero member
Activity: 644
Merit: 500
September 11, 2017, 06:08:53 PM
I was very panicked when the price of bitcoin suddenly dropped away once yesterday, all my assets directly I pull white cut lose and leave only a few coins in the wallet.
You may have done a right thing as far as you making this decision was concerned. I think patience is the most important thing in the world of Bitcoins. You need to control your emotions and make a correct decision under any circumstances. I will not appreciate to what you have done.
sr. member
Activity: 658
Merit: 251
VIMee - Social Network
September 11, 2017, 07:45:19 AM
this crypto world peoples are very interesting. they are panicing very fast and dumping what they have.
Dont have enough knowledge for those people that panic easily dont know the process of the movement of the trading maybe for some new trader much better to make some study first so they can avoid panicking like selling their coin in a lower price .

I think people with knowledge will also panic due to the sudden fluctuations in the market. People who want to hold for the long term will not panic for anything they secure minimum targets reaches. Trading always needs patience those who waited for patiently will be rewarded.
sr. member
Activity: 1036
Merit: 329
September 11, 2017, 07:40:25 AM
this crypto world peoples are very interesting. they are panicing very fast and dumping what they have.
Dont have enough knowledge for those people that panic easily dont know the process of the movement of the trading maybe for some new trader much better to make some study first so they can avoid panicking like selling their coin in a lower price .
member
Activity: 154
Merit: 10
September 11, 2017, 07:18:08 AM
I fall of my chair usually, but stand up quickly to return to trading

we all panic, money is on the line after all
hero member
Activity: 896
Merit: 514
September 11, 2017, 03:53:09 AM
when i was a newvie in btc tradding i afraid all time when coin dump. but now a days i dont panic.
Same with me, when I was a newbie in bitcoin trading, I often panicked when the prices of the coin that I bought down, so I always cut loss and as a result I lost my money but now i am never panicked again because I'm sure the prices will rise up, but sometimes I'm still can not be patient and still doing cut lose 😁😁😂
This is very good that you learnt from your past mistakes. Being panic is never the solution of any problem. It hardly helps you except this that it makes you to decide something which is even worst. You need to have patience and remain calm even at the time of stress. This will help you a lot.
yes that is right that panic is not the solution we need to have good knowledge and study about the market so that we can take a right decision in a right time. i think that with the passage of time people become mature and they realize the reality. but it take some time to get experience because experience is too much important in every field of life.
Actually if you are day trader on market as me, very difficult for know the scenario of whales and avoid the loss when trading. Because they always change their scenario when we understand hold or trade is good lol Grin. Experience and your emotion are factors can help you suceed in trade.
whales are very difficult to predict, but the most important is our emotions and mental from within. whether to survive or give up in trading.
That is true. We never know what will be their next move or what are they planning in their minds. So let’s just not concentrate that much on whales. It is better to take decisions by you own without getting influenced from anyone else. One more thing, never give up!
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 10, 2017, 03:37:53 AM
I find that for the most part I tend to panic once the price of my coins is crashing but has recovered slightly and I do not know if it will crash again or recover fully. I find it is best to just remain clear headed and think with clarity but I know that my fear inhibits that slightly. I am however very good at forgetting about a trade once i have made a decision.

Right, it is very important to be able to think clearly while trading. Monitoring the market price is somehow an can be very stressful and if we get emotional in monitoring, it can lead decisions that we are going to regret.

I have panic sell during the hard fork. I have lost more than 50% profit that I could have earned. I really do regret it and I wish that I could go back time to stop myself from selling. But of course, I cannot and what I can only do is to accept what happened.
Trading is a psychological game, and if your psyche is affected, you will easily panic and make the wrong decision, I know we have a lot of fear to face in trading. Fear of losing money, fear of losing, fear of falling prices, but we need to calm down and control our emotions more, and the key to this is knowledge, knowledge helps us to know the problem more clearly, it is the basis and also the reason that helps us to have confidence in our decisions, without it, our beliefs are easily collapsed.
I agree with you that trading is a psychological game it is a test on how you handle your emotions and it test your personal attitude for who you are how patiently you are interms of this method so for me panicking is not be a good attitude for the trader maybe for what you have experienced here may truly help you to be a good trader.
Well, if you can keep your calm and opinion, do not let anyone changes your thought, you will have high ratio winning in this field.
Of course, it just useful when your predict is right, sometimes, keep your opinion just make you do not accept your loss Grin

we must have our self opinion when the market is down and its better to be patience and calm, actually we are not lose and be sure that in next day, we can sell at the high price. but yes, i realize that sometimes panic can come to us especially if we are not ready to face everything that is out in our prediction or what we are thinking. but as long as we can handle our emotion then i think we can stay calm with everything happen in the market.
member
Activity: 69
Merit: 10
September 10, 2017, 02:32:10 AM
There are some differences between business aircraft and bitcoin business, daily traders must know about this. Trading is a gambling game in my opinion, whether you make a profit or lose money. But in the bitcoin environment, there is no damage after I invest in it because the value of bitcoin continues to increase over time. All I have to do is find the dip to buy and keep it lasting.
hero member
Activity: 994
Merit: 503
September 10, 2017, 12:42:24 AM
I find that for the most part I tend to panic once the price of my coins is crashing but has recovered slightly and I do not know if it will crash again or recover fully. I find it is best to just remain clear headed and think with clarity but I know that my fear inhibits that slightly. I am however very good at forgetting about a trade once i have made a decision.

Right, it is very important to be able to think clearly while trading. Monitoring the market price is somehow an can be very stressful and if we get emotional in monitoring, it can lead decisions that we are going to regret.

I have panic sell during the hard fork. I have lost more than 50% profit that I could have earned. I really do regret it and I wish that I could go back time to stop myself from selling. But of course, I cannot and what I can only do is to accept what happened.
Trading is a psychological game, and if your psyche is affected, you will easily panic and make the wrong decision, I know we have a lot of fear to face in trading. Fear of losing money, fear of losing, fear of falling prices, but we need to calm down and control our emotions more, and the key to this is knowledge, knowledge helps us to know the problem more clearly, it is the basis and also the reason that helps us to have confidence in our decisions, without it, our beliefs are easily collapsed.
I agree with you that trading is a psychological game it is a test on how you handle your emotions and it test your personal attitude for who you are how patiently you are interms of this method so for me panicking is not be a good attitude for the trader maybe for what you have experienced here may truly help you to be a good trader.
Well, if you can keep your calm and opinion, do not let anyone changes your thought, you will have high ratio winning in this field.
Of course, it just useful when your predict is right, sometimes, keep your opinion just make you do not accept your loss Grin
sr. member
Activity: 714
Merit: 253
September 09, 2017, 09:06:27 PM
I not panic,, just hold my coin, i believe will pump again
easily panic will make wrong decision
 Grin Grin Grin
sr. member
Activity: 994
Merit: 257
September 09, 2017, 08:47:23 PM
I used to panic but right now. It is really easy to control my emotion during trading and therefore, I can say that I am no longer panic anymore. Patience is the main key in trading and if you are not patient, you should not start trading at all. The market always goes up and down and that it a permanent rule. You can not change it.
I think it also depends on the size of your investment, many people in the forum state that they have a lot of money in bitcoin and other cryptocurrencies, if another person has investments on bitcoin but also has investments in stocks and gold then that person is not going to panic because he does not have all his money invested in bitcoin and if you have several investment you know that sometimes your investments are going to be doing well and sometimes your investments are going to go down but with experience you get used to these movements on the market.
sr. member
Activity: 462
Merit: 250
September 09, 2017, 10:59:54 AM
I find that for the most part I tend to panic once the price of my coins is crashing but has recovered slightly and I do not know if it will crash again or recover fully. I find it is best to just remain clear headed and think with clarity but I know that my fear inhibits that slightly. I am however very good at forgetting about a trade once i have made a decision.

Right, it is very important to be able to think clearly while trading. Monitoring the market price is somehow an can be very stressful and if we get emotional in monitoring, it can lead decisions that we are going to regret.

I have panic sell during the hard fork. I have lost more than 50% profit that I could have earned. I really do regret it and I wish that I could go back time to stop myself from selling. But of course, I cannot and what I can only do is to accept what happened.
Trading is a psychological game, and if your psyche is affected, you will easily panic and make the wrong decision, I know we have a lot of fear to face in trading. Fear of losing money, fear of losing, fear of falling prices, but we need to calm down and control our emotions more, and the key to this is knowledge, knowledge helps us to know the problem more clearly, it is the basis and also the reason that helps us to have confidence in our decisions, without it, our beliefs are easily collapsed.
I agree with you that trading is a psychological game it is a test on how you handle your emotions and it test your personal attitude for who you are how patiently you are interms of this method so for me panicking is not be a good attitude for the trader maybe for what you have experienced here may truly help you to be a good trader.
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