Trust you trading experience and don't panic - page 13.

Kiweikoo

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Quote from: BartS on June 22, 2018, 06:21:26 PM

Quote from: Gheka on June 17, 2018, 09:42:19 AM

Even if you buy bitcoin, your psychology in some situations will still fluctuate vigorously and panic because you have a clear understanding of bitcoin, you have a belief in it, you know everything will stabilize again even when the bitcoin goes down. But also because you have this mood, when bitcoin constantly goes down and goes down, it does not recover like what you imagine, your psychology will be more annoying than ever, hope too much but more despair, boredom will be born, panic and sell is what you will do. So I can only say that people can trust experience but not panic, that is impossible

It is obvious some people will panic even when they are holding bitcoin, in fact we saw this in the recent crash, however the mechanics are the same, those that sold in panic did it because they bought bitcoin for the FOMO without really understanding what bitcoin is about so when they saw the price going down when some whales began to cash out they panicked and now they have learned a lesson that they will never forget, never invest in something you do not understand.

Before entering in to a long term market you should set your mind that after buying something you would need to sit like a duck of the ground because starting is from low market and it will end up after a long time when you enter into its high market.

Do not enter into the market if you have no experience, learn the basic knowledge and start trading for short term so that you gain some experience and then you will be able to start on large scale.

Ewinsane

hero member

Activity: 980

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Quote from: Rrtt on June 22, 2018, 02:29:20 AM

Quote from: Qunetick on May 19, 2018, 10:09:26 PM

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

Experience is also important but dont keep relying on it ,inorder to success in crypto trading you must educate and engage yourself espescially those different analysis and others, dont forget when you enter trade you should use your brain during corrections and in trading.

This is right. One should never go for panic selling and should rather hold. Panic selling actually makes the market more red and this leads to further fall in the prices. One should rather use the trading experience and buy and make a diverse portfolio when the market is red along with the existing portfolio. This pay off in the end and we have been waiting for an impending boom since the last few month.

kenel

sr. member

Activity: 578

Merit: 250

if you withdraw all the money right now, I don't think very many people know where to invest it. sooner or later, the cryptocurrency will grow. or we're all millions of people wrong, which is unlikely.

coingrowth

member

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having self-confidence in market conditions and making a decision is most important part of trading bitcoin and cryptocurrencies now we are seeing panic mode many will sell coins at lowest prices but we should be confident enough to see the positive market with our self confidence

magmar

sr. member

Activity: 476

Merit: 250

Quote from: Qunetick on May 19, 2018, 10:09:26 PM

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

Trust yourself have a lot of confidence of yourself even if you do not hqve mucj experience in trading of course if you have confidence in yourself you can do it and do not panic like anyone does because if you come to think of it that panic selling is really not gonna help and worst they are just making the price fall much more so just stay calm and trade more sell less for you to gain more and lose less. It is just about patience and determination if you want to gain dont sell.

Saidmod

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Activity: 659

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Quote from: Marcsymon on June 24, 2018, 08:03:33 AM

Quote from: enwi on June 23, 2018, 07:31:45 AM

to be a good trader then we should be able to control emotions well, do not panic when the price drops because by selling when the price down will only make you lose, learn from your own experience and experience of others

Each of us in this crypto industry had an experience encountered particularly to trading processes. If we are in great experienced about trading we were not easily loss our emotion when marketplace getting worst in situation. We can anticipate the worst condition and we didn't easily panic because experience will build up trust and high confidence in ourselves to be a successful trader always.

Not all the time and this experience will make you think forst and to collect some information from other gokd traders before doing any move because the market was so anticipate and in one wrong information you are possibly get caught with your emotions and go with its flow. You need to trust your experience even you're not a pro and control you emotions all the time.

Marcsymon

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Activity: 322

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Quote from: enwi on June 23, 2018, 07:31:45 AM

to be a good trader then we should be able to control emotions well, do not panic when the price drops because by selling when the price down will only make you lose, learn from your own experience and experience of others

Each of us in this crypto industry had an experience encountered particularly to trading processes. If we are in great experienced about trading we were not easily loss our emotion when marketplace getting worst in situation. We can anticipate the worst condition and we didn't easily panic because experience will build up trust and high confidence in ourselves to be a successful trader always.

ArnoldChippy

hero member

Activity: 700

Merit: 500

Quote from: enwi on June 23, 2018, 07:31:45 AM

to be a good trader then we should be able to control emotions well, do not panic when the price drops because by selling when the price down will only make you lose, learn from your own experience and experience of others

Emotion can only be control if we have are expert in trading and we have good belief on ourselves. But still it is not common to all the people i would like to say that it is God gifted to have control over your emotion. To me some time i really find it difficult to control my emotions while trading bitcoin even i any other crypto currency.

JungleBook

full member

Activity: 183

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I agree with your point of view, I personally think that digital currency is suitable for long-term, so short-term fluctuations should not affect our investment strategy, follow-up I will continue to maintain this strategy.

Dodoymabs

full member

Activity: 602

Merit: 100

Quote from: Qunetick on May 19, 2018, 10:09:26 PM

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

We have emotions and panic will still be present especially when we see a blood market. Moreover, experience can really give us a lesson but still it can't be a guarantee that we always win in a trading. It is easy to say things but in reality, things definitely has some changes especially in making right and quick decisions.

enwi

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to be a good trader then we should be able to control emotions well, do not panic when the price drops because by selling when the price down will only make you lose, learn from your own experience and experience of others

Monnt

legendary

Activity: 938

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Quote from: Rrtt on June 22, 2018, 02:29:20 AM

Quote from: Qunetick on May 19, 2018, 10:09:26 PM

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

Experience is also important but dont keep relying on it ,inorder to success in crypto trading you must educate and engage yourself espescially those different analysis and others, dont forget when you enter trade you should use your brain during corrections and in trading.

And this is something that does not even cost you a penny. Using brain is for free and the more you use it, the sharper you grow. Besides, using it in taking investment decisions in crypto is also a skill. Some people simply invest without evaluating the crypto in the market.

Also one should look back at the times of loss. Look what went wrong and how can you modify your plans and strategies to prevent further losses.

cah ndablek

full member

Activity: 448

Merit: 100

If traders often panic when exchange rates do not increase in a short period automatically losses are hard to avoid and they are not sure when they want to invest in the future.Perhaps the key to success in investing just be patient and continue to have an optimistic attitude in the search for income.

Dudeperfect

hero member

Activity: 1190

Merit: 534

I can tell from my own experience that, newbies make a lot of mistakes and then learn to deal with the situation at the expense of loss of time and capital. I have lost my entire capital multiple times in my initial days of trading when I used to trade based on others opinion and in most of the cases it was wrong. Later when I started relying on my own experience and research, I have noticed a significant improvement in my trading and investing decisions. Thus I believe that we should have faith in our research irrespective of the market conditions.

Wong owah

newbie

Activity: 163

Merit: 0

when I trade I never panicked, because I have been trading for a long time, I never panicked when the market falls and continues to break up, the important thing to be patient and also keep trying.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: Gheka on June 17, 2018, 09:42:19 AM

Even if you buy bitcoin, your psychology in some situations will still fluctuate vigorously and panic because you have a clear understanding of bitcoin, you have a belief in it, you know everything will stabilize again even when the bitcoin goes down. But also because you have this mood, when bitcoin constantly goes down and goes down, it does not recover like what you imagine, your psychology will be more annoying than ever, hope too much but more despair, boredom will be born, panic and sell is what you will do. So I can only say that people can trust experience but not panic, that is impossible

It is obvious some people will panic even when they are holding bitcoin, in fact we saw this in the recent crash, however the mechanics are the same, those that sold in panic did it because they bought bitcoin for the FOMO without really understanding what bitcoin is about so when they saw the price going down when some whales began to cash out they panicked and now they have learned a lesson that they will never forget, never invest in something you do not understand.

Rrtt

member

Activity: 378

Merit: 10

Quote from: Qunetick on May 19, 2018, 10:09:26 PM

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

Experience is also important but dont keep relying on it ,inorder to success in crypto trading you must educate and engage yourself espescially those different analysis and others, dont forget when you enter trade you should use your brain during corrections and in trading.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: hurry_hore on June 19, 2018, 10:36:30 PM

Quote from: Qunetick on May 19, 2018, 10:09:26 PM

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

For experienced trader, patient and keep calm on bad market condition can be maintained but it will be difficult for newbies since they do not know sufficient information and knowledge to be patient and calm.

Even the new guys in the market can tackle the challenges if they have some good knowledge about the market and are good in technology. Sometimes the people in the market just fear the loss and even sell in the red market which is something that hurts a lot.

Besides, selling in the red market also contributes to the red market and further decreases the prices. In my opinion, one can really play the crypto game without a loss only if one has a wise mind and in the same time passion and patience.

annango

member

Activity: 361

Merit: 17

Quote from: Qunetick on May 19, 2018, 10:09:26 PM

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

I dont think the best way to earn profit is hodling even when the market is bad. Firstly the crypto market fluctuate very big and very fast, if we aren't untimely cut loss when the market goes down then we can be lost most of capital. The best i advise people who want to join this market should equip yourself with the necessary knowledge, especially technical analysis knowledge that will help you determine the trend of market.

spartanrules

sr. member

Activity: 700

Merit: 250

Quote from: Qunetick on May 19, 2018, 10:09:26 PM

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

Of course you should not trust to anybody. Because only you are responsible for your actions and nobody else. All these predictions in groups and channels about calls on crtyptocurrencies market are based on the general expectations of all market participants and they do not protect you and your money from whale manipulation.

Topic: Trust you trading experience and don't panic - page 13. (Read 91980 times)