Panic selling and postpone from trading, which one is the worse one? - page 3.

wxa7115

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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.

Flor1982

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Panic selling is the worst thing because it will cause the market to break down unlike postpone from trading in which it's just like deciding to hold your remaining assets for a long term period. Once you sold your assets and it will bounce back then it will be no turning back except if you will buy it again in the much higher price.

Ejanend

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Quote from: perla on October 17, 2019, 01:30:56 AM

Quote from: Google+ on October 17, 2019, 12:56:23 AM

indeed selling when panic will make you lose because you are easily influenced by bad news and trading that you do is no longer fun, trading should be relaxed and all you have to control is the patience you have, because when you can't control the patience you have then it is definitely difficult to get profit.

Postpone from trading,might be can considered to control our patience. That is why a lot of people include you maybe agree if panic sell is bad idea. Because it means we can't control our emotion in trading. We should do anything that not make us panic like take a rest maybe in trading, it is better than lose.

Panic selling is the worst action that a trader can take in his whole career. All it brings will be loss and bitter experience. Indeed it is a difficult task for newcomers to control their emotions but everyone has to face this challenge and should try to come over his fears. Whenever situations are not according to expectations, just leave the game for time being and come back after calming mind.

perla

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Quote from: perla on October 17, 2019, 01:30:56 AM

Quote from: Google+ on October 17, 2019, 12:56:23 AM

indeed selling when panic will make you lose because you are easily influenced by bad news and trading that you do is no longer fun, trading should be relaxed and all you have to control is the patience you have, because when you can't control the patience you have then it is definitely difficult to get profit.

Postpone from trading,might be can considered to control our patience. That is why a lot of people include you maybe agree if panic sell is bad idea. Because it means we can't control our emotion in trading. We should do anything that not make us panic like take a rest maybe in trading, it is better than lose.

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.

To be successful trader is not simple, but unfortunately a lot of people underestimate it when they can get profit from buy sell and hold only. We know it can be happen, but any condition market force us to have other strategies so we're not only do buy sell and hold in trading.

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Quote from: Shasha80 on October 15, 2019, 08:24:47 PM

in my opinion panic selling is the worse one compared to postpone from trading. Because with panic selling we can lose money, so the panic selling trading strategy is strictly prohibited. In contrast to this postpone from trading, it is more profitable because being patient waits for the market to improve,
with postpone we can enjoy profits, because in the end the market will improve and then automatically coins we have will go up in price or even reach the target sell. But there is a shortage of postpone that is, we do not know how long we have to wait, even the price of coins can go down, and we can
even more losers from panic sell. So the best is in trading we must be able to use strategy according to the situation.

Well, if panic selling is what people need to get rid of losing positions, then by all means they should sell at once.

But I never understand traders who don't trade with stop losses.

I mean, if you go in, long or short, don't you already have a maximum loss you can bear? Unless you're like me with some alts where I just say, ah what the hell with it, it's $10. Wink

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perla

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Quote from: Google+ on October 17, 2019, 12:56:23 AM

indeed selling when panic will make you lose because you are easily influenced by bad news and trading that you do is no longer fun, trading should be relaxed and all you have to control is the patience you have, because when you can't control the patience you have then it is definitely difficult to get profit.

Postpone from trading,might be can considered to control our patience. That is why a lot of people include you maybe agree if panic sell is bad idea. Because it means we can't control our emotion in trading. We should do anything that not make us panic like take a rest maybe in trading, it is better than lose.

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indeed selling when panic will make you lose because you are easily influenced by bad news and trading that you do is no longer fun, trading should be relaxed and all you have to control is the patience you have, because when you can't control the patience you have then it is definitely difficult to get profit.

LUCKMCFLY

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Quote from: izzy13 on February 20, 2019, 12:56:29 PM

<..>

Both are a consequence of it, fear and insecurity are the worst feelings in trading, when you have a trading plan you must comply, you must follow the rules that you impose yourself, if you violate your same rules not have discipline and will leave everything to luck or worse will gambling and the safest thing is to lose.

To avoid these feelings of panic and postpone trades, it is best to put:

1.-Stop Loss.
2.-Take Profit.

Place both in each trade, and then not look at the market, go do other things and go to the hours, 4h is the best, then see, if it was lost, it is time to assume the loss, and if it was won, well congrats.

But always follow your trading plan, and another way to avoid panic is not seeing Crypto news, because often it often influences people's decisions such news.

nelson4lov

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Of course, Panic Selling is the worst option to take when one is in loss. If you can't keep cope with the loss, It's better to just stop on your track and take sometime off. One of the essentials for being successful in trading (Be it Crypto, Forex or stock market). That's why every trader is advised to take control of their emotions and never let their guard down. As the saying goes in trading. You never lose until you sell.

Taking time off would give you time to reassess your mistakes and know what went wrong and how to correct it.

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Quote from: Pelunize12 on October 16, 2019, 11:06:45 AM

of course the worse is panic selling, panic selling means that the trader doesnt have good trading plan, that's why he is panic selling
if he has good trading plan, it doesnt need panic beacuse of having plan. remember that panic selling can make lose much money, lose our convident, and break our pshycology

Crypto is full of mystery, dude! even though you already have a trading plan but sometimes this can fail, and finally you loss big.
So I think panic selling doesn't hurt, because sometimes panic selling can also save your assets.

Pelunize12

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of course the worse is panic selling, panic selling means that the trader doesnt have good trading plan, that's why he is panic selling
if he has good trading plan, it doesnt need panic beacuse of having plan. remember that panic selling can make lose much money, lose our convident, and break our pshycology

Dhoe

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Of course panic selling is not the best way in the world of trading because with panic you will lose a lot of your assets. Staying patient is the main key in the world of trading. Without patience traders will often make wrong conclusions so causing losses.

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Quote from: Shasha80 on October 15, 2019, 08:24:47 PM

in my opinion panic selling is the worse one compared to postpone from trading. Because with panic selling we can lose money, so the panic selling trading strategy is strictly prohibited. In contrast to this postpone from trading, it is more profitable because being patient waits for the market to improve,
with postpone we can enjoy profits, because in the end the market will improve and then automatically coins we have will go up in price or even reach the target sell. But there is a shortage of postpone that is, we do not know how long we have to wait, even the price of coins can go down, and we can
even more losers from panic sell. So the best is in trading we must be able to use strategy according to the situation.

In determining how the reality of the situation works with trading, we should observe the market deeply and you purpose on how to manage your trading. You can play on stop loss so you won't panic in the long run, and if you try to see on all feedbacks coming from experienced traders they used to apply some certain options to control trading loss. Panic selling isn't worse at all, probably it was a rush decisions due to personal needs.

Shasha80

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in my opinion panic selling is the worse one compared to postpone from trading. Because with panic selling we can lose money, so the panic selling trading strategy is strictly prohibited. In contrast to this postpone from trading, it is more profitable because being patient waits for the market to improve,
with postpone we can enjoy profits, because in the end the market will improve and then automatically coins we have will go up in price or even reach the target sell. But there is a shortage of postpone that is, we do not know how long we have to wait, even the price of coins can go down, and we can
even more losers from panic sell. So the best is in trading we must be able to use strategy according to the situation.

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Quote from: izzy13 on February 20, 2019, 12:56:29 PM

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 everything you say. three things that are almost certainly done by a trader that is selling because of panic the price will get lower, hold on so as not to lose, buy when the price is below. In my opinion the worst thing among all of them is when someone panics when they see the market price is falling and selling all the coins they have in order not to feel the loss in ever greater amounts. good strategy to deal with such circumstances in my opinion is someone must be patient and calm by selling some of the existing coins, and still survive in some other coins.

henmark

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Quote from: MetalGear on October 04, 2019, 06:21:07 AM

Panic selling is the worse thing someone could do out of impulsiveness and emotions. They might sell their assets with a price lower than its buying price just so they can avoid much worse situations without doing some critical thinking. They tend to lost sight of the bigger picture and massive impact of their actions. It's much worse because his action won't just affect him but he will contribute to the market's movement in general. So, of all things, when people are trading tbey should also train theirselves not to be easily driven by their emotions, because emotion is of all things the most destructive in any ways, patience, practicality and calmness should always win over emotions.

I still maintain my stand like some of my mates here too that it is not all a panic sell that is bad. There are time when I do risk to trade some of these shitcoins, and having known that it is a 50:50 chance, I have to be very much alert, I could think that the whales will pump the value after it gets listed on exchange and reverse will be the case.

There are situations where I had bought some shitcoins with the hope of it getting being pumped so I can quickly exit, but the moment I hoped for that was when we had some investors pull out and the price started crashing, the only way to do damage control was to panic sell, even if I had to lose some of the money, but i never lost all, and till date, that coin never rose again, if I had not sold then, how would I not have lost everything completely. The only time panic sell is not good is when you are trading reliable coins.

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Quote from: izzy13 on February 20, 2019, 12:56:29 PM

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?

Trading psychology is the most important factor for us to win in trade. Even if we know a lot of technical and fundamental analysis, we can't still win in trading if we have lack of trading psychology. If you always do panic selling, then expect that you will lose your money.

Goodvalony

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i don't think we will ever experience any bull market again for altcoins. As long as investors are in for quick sales. also, everyone wants to recover there money and move into the next new project. altcoins will continue to decline. many more tokens that were hot shot in 2018 are now shitcoins. same will happen to all the coins that are trending to be to coins.

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Quote from: bitzizzix on October 05, 2019, 04:58:33 AM

Selling it out of panic is a very fatal mistake and in my opinion it happens to those who are new or beginners who don't really understand and judge the nature of the market well, because they feel scared when the market falls and make mistakes and sell at the wrong time.
and if you sell it out of panic and it happens to people who have been in crypto for a long time, that's very embarrassing.
and delaying it is a wise choice when the market is down.

You may think that this only happens to newbies but that is not accurate, panic selling happens to all of those that let their emotions take control of them and their trades, consequently even experimented traders can fall prey of this mistake which is one of the most dangerous challenges you will have to confront as a trader, but how we can avoid it? With a very strong discipline and always remaining calm regardless of what it is happening in the market.

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Quote from: adroitful_one on October 11, 2019, 01:55:09 AM

Don't panic sell. That makes you part of the problem. A lot of people when they see a coin go down a little bit will end up selling off their coins to cut their losses. However, this just compounds the situation and makes it worse. That's why you see huge dips sometimes. It's basically a snowball effect. Remember, you're not the only one thinking of dumping your coins at that time. There are probably hundreds of other people thinking the exact same thing if you're on a big exchange.

Thank god! There are some people who understand this phenomenon that in dips, all investors are supposed to hold onto their coins i.e. keep them in wallets particularly when the coin is bitcoin. Dumping bitcoin with the speed of light makes it difficult for all of us to see it reaching price value which is above every previous pump.

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