Pages:
Author

Topic: Panic selling and postpone from trading, which one is the worse one? - page 2. (Read 1830 times)

hero member
Activity: 2184
Merit: 798
Top Crypto Casino
Both of them are bad but I feel panic selling is more worse. Why did I say so? It's simple. It goes beyond say that not being able to control one's emotion while trading is usually one of the leading factors to failure for new traders. I know someone who panic sold and shorted bitcoin at $7300 and today the market has taken the opposite direction. He's currently close to getting liquidated. His losses thus far has exceeded over $20,000. As you read, His inability to get a hold of his emotions has cost him.

On the other hand, One can postpone trading for a while and keep your finds in a USD pair like USDT. Yes, your amount would stsy the same. That's better than taking the L in my opinion. Only thing is, You might miss out on some upward opportunities.
hero member
Activity: 1386
Merit: 504
No doubt the worst is panic selling where you are about to sell how much or what you have in a loss position as most often to happen in trading. While if you chose to postpone trading it is like holding or leaving your position. Both have advantages and disadvantages but you need to learn them when and what is better things to do.
full member
Activity: 560
Merit: 107
The whales love people who panic selling.
As we know, many whales that holds a thounsands bitcoin can make a market make a movement.
When they do massive sell on most markets, I'm sure price will drops and the panic seller will do cut loss.
But when the whales do the massive buy, the panic seller will buy the btc again with higher price.
And this process looping and make the whale whaler Cheesy
Yes, I agree with what you said; these whales can make the bitcoin and another cryptocurrency a price movement. That's a great tip to those panic sell that they make there own TA so that they don't panic selling and lose their money. Also, the reason why whales do that because they can profit a massive amount on that because, as you said, some ppl panic sell their crypto when that price drops and buy again at a higher price. Smiley
sr. member
Activity: 938
Merit: 256
The whales love people who panic selling.
As we know, many whales that holds a thounsands bitcoin can make a market make a movement.
When they do massive sell on most markets, I'm sure price will drops and the panic seller will do cut loss.
But when the whales do the massive buy, the panic seller will buy the btc again with higher price.
And this process looping and make the whale whaler Cheesy
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
It all depends on the market situation, when the market is in a downward situation, delaying trading is the most effective option when compared to selling it out of panic.
and when the market goes up again you can continue trading again, stupid thing for those who sell it out of panic, because that can affect market movements.
sr. member
Activity: 887
Merit: 253
this we can see from the circumstances, if the price falls after rising high, and someone has bought at a high price. selling faster is good for saving their assets. but when prices are as low as they are today. someone buys a coin and after that it's a dump. then he sells it. I said that was wrong. Today's falling prices will not be deep. and will recover soon. so holding and postponing sales is a good thing.
If you ask me, it is panic selling which has worse consequences as compare to the postponing. When some sells out, the amount of his asset and holding decreases. However a simple delay will not cause any sort of deficiency in his asset. With time when his asset will rise up again, he will be able to make profit but the sold coins are hard to recover. Selling out after losing emotions is not great.
hero member
Activity: 1190
Merit: 511
I think panic selling is the worst one. Trading shouldn't be about psychological. Because others act according to psychological and you should evaluate the others in order to do nice trades. But if you do panic sell, you will become the normal trader and you can't make money with doing similar things with others. So, do different things than others and make no panic sell.

If we do this all the time, to panic all the time the price is declining, then how can we be able to take profit on it, we will just lose our fund and investment, so better not to do investment if you cannot control your emotion and you are in doubt in everything that you are doing, it is fine to do investing, but be wise with your decision, think well.
hero member
Activity: 894
Merit: 501
I think panic selling is the worst one. Trading shouldn't be about psychological. Because others act according to psychological and you should evaluate the others in order to do nice trades. But if you do panic sell, you will become the normal trader and you can't make money with doing similar things with others. So, do different things than others and make no panic sell.
legendary
Activity: 1960
Merit: 2124
this we can see from the circumstances, if the price falls after rising high, and someone has bought at a high price. selling faster is good for saving their assets. but when prices are as low as they are today. someone buys a coin and after that it's a dump. then he sells it. I said that was wrong. Today's falling prices will not be deep. and will recover soon. so holding and postponing sales is a good thing.

Panic Selling is not when price increases, it is exclusively used to describe the hurried selling of assets in the event of sharp fall in the value of asset. In crypto market, panic selling is worst move a trader can make. Unlike other assets, cryptocurrencies are tend to return to their ATH again and again over time so it is better to hold coins if price is falling. But another thing is to determine that coin is not shitcoin and has adequate and vibrant market which can sustain the fall.
sr. member
Activity: 812
Merit: 260
this we can see from the circumstances, if the price falls after rising high, and someone has bought at a high price. selling faster is good for saving their assets. but when prices are as low as they are today. someone buys a coin and after that it's a dump. then he sells it. I said that was wrong. Today's falling prices will not be deep. and will recover soon. so holding and postponing sales is a good thing.

Things that we cannot control about, is when people do panic selling, and currently we are experiencing same thing again when the price declines due to some news, they think that Bitcoin will die and they treated it as a negative impact, so people were panicking and started to sell again. Well, we cannot control people but rather take this as an advantage to buy more at cheap price.
legendary
Activity: 1316
Merit: 1145
this we can see from the circumstances, if the price falls after rising high, and someone has bought at a high price. selling faster is good for saving their assets. but when prices are as low as they are today. someone buys a coin and after that it's a dump. then he sells it. I said that was wrong. Today's falling prices will not be deep. and will recover soon. so holding and postponing sales is a good thing.
sr. member
Activity: 1372
Merit: 261
Panic selling is the worse, Just think of the possibilities as we know that the price of altcoins and bitcoin is volatile. What if you were so scared you sold it right away? And the price of Bitcoins rise suddenly? Will you buy again or not? You will only give yourself the blame and stress here so it is best not to trade first and buy more coins as the price is discounted.
sr. member
Activity: 1274
Merit: 264
As of today's market status is currently plummets really hard and i think people are in panic selling right now and cannot control if there is a lot of fomo or fuds roaming around that's why we need to make sure that were not folloing that down trend.

But this is a good thing and we can take advantage of the price down of bitcoin since it might rise in a couple months and earn a lot of profit. We just need to ignkrr those bad news and go with our instinct in a positive way.
hero member
Activity: 2702
Merit: 704
Not all exchange have stop loss feature,so better if you are in doubt, better to sell your BTc first to USDT so it will not create more loss, it is better than having a panic all the time when the price is going downward, better to secure first rather taking risk, always check news and watch the chart.
If the exchange of your preference does not support a way to setup a stop loss then it could be a good idea to see if they have a way to alert you if the price of a coin in which you are invested crosses a certain level, if your favourite exchange has that feature then as soon as the price goes below the level of losses that you can endure you will receive an alert in your smart phone and be alerted immediately about it.

As soon as you receive that alert you could log on your account and then sell your coins immediately, this method will take you a few more minutes than if you had a stop loss but it is still good enough and could save you from losing more than what you can afford.
sr. member
Activity: 798
Merit: 250
BabelFish - FISH Token Sale at Sovryn
The dynamic situation of cryptocurrency these days in general responded by three ways: selling panicly with the risk of cut-loss in order to save the remaining assets from more fallen, hold the assets and playing save by not doing any trading activities, and view the phenomenon as a diamond chance then buying coins in huge amounts of investments while the prices are low. Of course, those three ways are logically humane and each has their own pluses and minuses.

I am intrigued upon the first two: panic selling and postponing from trading.

On doing panic selling, ones tend to sell their assets in the price lower than in the actual price. The main goal is to sell their coins faster to save themselves from the worse situation, without consideration upon the impact of their behaviour towards the market in general.

Meanwhile, ones could also hold their assests and postpone from doing any trading activities, in order to keep their assets safe and even maybe went on hiatus from digital assets bussiness while waiting for the bullish days to be back. They don't want to sell their assets in low price, but the act of not doing any trading is logically also has impact in general. At least, it is contributing on slower the trading traffic.

In your opinion, which one is the worse way among the two?

I agree with what you say, it's humane if someone holding a coin does the three things that you say. I myself have felt panicked because of falling prices, and what I did was sell to secure what was left. I also survived when prices fell because I speculated that prices would soon rise again. You ask which is worse than both actions. In my opinion, selling because of panic is the worst way for traders. when we panic, there seems to be no way out and want to sell immediately. if you decide to survive, it means someone is still willing to find and learn what will happen next. so one can speculate that prices will go down or up again. in my opinion, selling out of panic is of no benefit to someone who trades.
hero member
Activity: 1638
Merit: 518
well , actually it depend on situation on that time.
but, i choose panic selling is the worse than be hodler.
when u sell, u have no chance for , well , lets say get some profit , if market recovery.
but if u postpone a trading. probably is 50 : 50 for what next happen.
sr. member
Activity: 868
Merit: 252
both have different strategies due to timeframe differences from targeted earnings, panic selling is worse but can still be overcome by averaging orders or setting a stop loss, this is usually done by daily traders.

postponing trades applies to patient traders with a minimum benchmark of 12h / 1w this is better because they buy gradually, but stay focused not to sell to a certain point, or not brutal to place an order every hour
member
Activity: 476
Merit: 12
I think panic selling is worse rather than postpone selling because in panic selling will sell your coin even without thinking the coin price value but in postpone selling you only delay to sell your coin so there is a big possibility that price value will increase. All we know the deciding to sell is very important because we are here to earn so we need to avoid loss.
hero member
Activity: 1190
Merit: 511
That’s the most important that we should avoid panic selling because if a trader is unable to control his emotions then it means he is not successful in trading and thus result in loss of his money so he must take a break and learn more about trading because panic selling is worse, a successful trader is the one who does not concentrate on any negative news, he only follow his own ways.
The easiest way to avoid panic selling is to know exactly how much money you can lose before you need to exit your position and then when that point is reached you get out without giving any excuses, knowing when to exit the market is probably one of the most important skills that a trader can develop, in fact I could argue that it is way more important than knowing when to enter the market since it is at the moment you sell when your potential profits or losses finally become real.

I will recommend that anyone that is still not sure about how to create a stop loss on the exchange of their preference to learn how to do it since a well placed stop loss can be the difference between an insignificant loss and a huge one.
Creating a stop loss is the best way to avoid panic selling. Before you make a stop loss for your trade, you should have a whole plan for your trade. You should know what is the price are you planning to sell your cryptocurrency for profit taking and what price are you planning to set your stop loss. Better learn how to trade with stop loss and also learn how to do technical analysis to avoid common mistakes.

Not all exchange have stop loss feature,so better if you are in doubt, better to sell your BTc first to USDT so it will not create more loss, it is better than having a panic all the time when the price is going downward, better to secure first rather taking risk, always check news and watch the chart.
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
Panic selling is a shame because it will harm other traders because if many traders sell panic, it will affect the market which will get worse, must be wise in acting and must learn more about good and right trading for those who panic.
and delaying trading is much better than selling because of panic, delaying is the right choice when the market situation is not going well or badly and returning after the market has improved.
Pages:
Jump to: