Trader should really avoid panic buying or selling it is the first thing that a trader should avoid.
We should learn to control our emotion to lessen the risk of losing our money.
They should learn how to avoid FOMO and FUD they should learn to do their own research.
Topic: Need to be more cautious than ever - page 5. (Read 563 times)
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- Even after watching your thread, many people can't control their emotions and so, they just go with the flow and get into the trade and they regret later
That's exactly what's going to happen, because usually people have to learn from their own mistakes and don't follow advice like OP gave. If they did, there wouldn't be mistakes being made constantly.While said that, we also can't deny the fact that if they'd learn by the mistakes, then nobody would lose and for some to win, someone has to lose - that's the main agenda of trading (I know you know better than me hehe). For the 5% of winning traders to win, 95% has to lose and those who don't understand the message behind OP's post are the ones who can't sit calmly and do whatever they can to just "ruin their capital and end up getting busted" - these are the ones who fit in the "95% losers" category because winners know their limitations as well as keep patience while noobs don't pay attention and they just regret after realizing that they've already lost everything.
We should be more concern with the newbies rather than ourselves. We know how to adjust and there is no way to stop buying whenever we are in the dip. It is a great strategy and others are missing it.
It is likely that the people who are panic selling are reducing now because we eventually got back to $10,100.
It is likely that the people who are panic selling are reducing now because we eventually got back to $10,100.
I think we're out of the panic-selling mode for the moment, as bitcoin is once again over $10k (wheee!) but this is where the FOMO might kick in again--and I hate that term, but it's an apt one for times like this.
Anyway, the market and the individuals that make it up are going to do what they're going to do and no amount of warning can prevent either bubbles from forming or the subsequent crashes.
Anyway, the market and the individuals that make it up are going to do what they're going to do and no amount of warning can prevent either bubbles from forming or the subsequent crashes.
Quite interesting, so you think we're going to plateau (for a while) from here or see a pump upwards before any sort of sells start to happen? A possibility probably all to likely, it's like being back at 6k again or when we hit 10k last time and shot up to 14 before recorrecting.
Isn't it basic already to do those things? For me, I will let them deal with what they think is right, for them to see the actual result of what they did, win or loss, regret or not, disappointment or not, etc.
Without those mistakes, people will never be used to it.
There's a lot of hype already in the space in a lot of places, so it's best to forewarn people before they go making the same mistakes that have been made by many in the past. Even experience traders can fall back into a trap of going after profits and risking it all rather than reevaluating where they are... Without those mistakes, people will never be used to it.
I think we're out of the panic-selling mode for the moment, as bitcoin is once again over $10k (wheee!) but this is where the FOMO might kick in again--and I hate that term, but it's an apt one for times like this.
Anyway, the market and the individuals that make it up are going to do what they're going to do and no amount of warning can prevent either bubbles from forming or the subsequent crashes. It's good advice not to rely on emotion when you're trading, but unfortunately markets are always subject to irrational buying/selling, and that's what makes people not "careful".
Anyway, the market and the individuals that make it up are going to do what they're going to do and no amount of warning can prevent either bubbles from forming or the subsequent crashes. It's good advice not to rely on emotion when you're trading, but unfortunately markets are always subject to irrational buying/selling, and that's what makes people not "careful".
- Even after watching your thread, many people can't control their emotions and so, they just go with the flow and get into the trade and they regret later
That's exactly what's going to happen, because usually people have to learn from their own mistakes and don't follow advice like OP gave. If they did, there wouldn't be mistakes being made constantly. Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
We can't really do anything with the price fluctuations, after all bitcoin is a speculative asset. Some panic, sell their stash, others take this an opportunity to buy at a cheap price, so the cycle continues.
I don't know if we really need to consult with fellow peers as they might have a different perspective so not advisable. Of course you can listen to them, but it is still up to you to make that decision. So probably the best approach is just to hold for long term, just saying.
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
Fluctuations are quite normal, I think that everyone has learned that so far. Buz I guess there are always some who fall under influence and make reckless decisions. Panic selling happens every time when price starts falling and despite all information about volatility, market and how whole crypto system is functioning but some will never learn or they just can't control their emotions and make decisions with cool head.
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
Easier said than done. You will just realize what's the best thing to do "after" you execute something.
Isn't it basic already to do those things? For me, I will let them deal with what they think is right, for them to see the actual result of what they did, win or loss, regret or not, disappointment or not, etc.
Without those mistakes, people will never be used to it.
And take note, recent price movements can't be considered as having a bull run nor panic sell.
BTFD. Always.
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
Well it's good to see this kind of reminder thread, but I don't know if this can influence those sellers though. Those who panic may really need to go to this kind of experience before they can learn and appreciate this kind of reminder from more experience traders.
Maybe we can add that in this kind of panic selling, it could also be a perfect time to BTFD for most of us here and take advantage of the situation.
My take on this is as follows:
- You try to ask and convince people not to repeat those silly mistakes
- Too many threads, your thread gets ignored
- Even after watching your thread, many people can't control their emotions and so, they just go with the flow and get into the trade and they regret later and that's because their state of mind has been kept as it is and those who follow some trading channels will surely be willing to "become rich overnight" by following them and not you, you will be overlooked by them and your advice will be overruled.
- You try to ask and convince people not to repeat those silly mistakes
- Too many threads, your thread gets ignored
- Even after watching your thread, many people can't control their emotions and so, they just go with the flow and get into the trade and they regret later and that's because their state of mind has been kept as it is and those who follow some trading channels will surely be willing to "become rich overnight" by following them and not you, you will be overlooked by them and your advice will be overruled.
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
I agree with you, currently the market looks very volatile and there is continuous price fluctuations happening every day. So at this point of time rash decisions aren't best at all because most of the investment in crypto currency is done through speculations. So keep In mind before taking any decision.
An acceptable state, however buying whenever with well defined stop loss shouldn't cause any problems as long as you're happy with the sl and the losses you may make...
Now may be a good time to start scalping or trading with smaller amounts though since we may be around this resistance for a while and we may even fall back and not accelerate through.
Now may be a good time to start scalping or trading with smaller amounts though since we may be around this resistance for a while and we may even fall back and not accelerate through.
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
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