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Topic: Trust you trading experience and don't panic - page 23. (Read 91980 times)

newbie
Activity: 61
Merit: 0
absolutely yes, you have to believe in your trading experience and do not panic when market seems to be unfavorable in continues decreasing value. If ever it won't be a good time thrn provide a little patient for us to earn better in a coming days.
member
Activity: 217
Merit: 10
No one can save you from these panics or being fomo feeling other than yourself although there is some kind of signals that you may get some idea that can nake you confident on your own basis in trading. Trust no one in its predictions because the end of the day you are incharge of all profits and losses that you will encounter.
member
Activity: 280
Merit: 15
one of the most important point is trust in trading experience thereafter we don't need to get panic for every FUD news and hodl the positions
full member
Activity: 462
Merit: 100
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.
Eversince panic selling is not the right way to treat our coins specially when scenario like this happenings,because when market falls and we come to ride selling our coins,were just only making the things worst.

I believe that its not the experience in trading is what we mist trust,instead our coins because if we have faith in our folio we will stay patience and calm
sr. member
Activity: 714
Merit: 250
The hardest part is controlling the emotions, making the decision to hold or CL. this requires experience and emotional control.
and panic is the biggest enemy of a trader, forget your token and relax in trading. Wink
If you cannot control your emotions,then i think trading will not work out for you.Trading is all about profit so you should know the best things to do especially if you are facing tough times in trading.Panic selling will make you lose in most of the times but there are times also that it will create a positive result than just holding your coins throughout the year.The desicion is all yours that's why you have to be flexible and cautious all the time.
I have been doing it for 3 years, I keep learning from various sources. many people who support me to continue to be patient in trading, yes my friends help a lot. including you.
Trade is not an easy job, just a madman who says this is easy. Smiley

Good for you mate for those experiences that you have, and I can see that in the future you'll be a wealthy person. All we need to do is to be strong and don't be weak, because if you're lack of determination even though you have that skills and trading experience its nothing when you let panic controls you.
sr. member
Activity: 1918
Merit: 256
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The hardest part is controlling the emotions, making the decision to hold or CL. this requires experience and emotional control.
and panic is the biggest enemy of a trader, forget your token and relax in trading. Wink
If you cannot control your emotions,then i think trading will not work out for you.Trading is all about profit so you should know the best things to do especially if you are facing tough times in trading.Panic selling will make you lose in most of the times but there are times also that it will create a positive result than just holding your coins throughout the year.The desicion is all yours that's why you have to be flexible and cautious all the time.
I have been doing it for 3 years, I keep learning from various sources. many people who support me to continue to be patient in trading, yes my friends help a lot. including you.
Trade is not an easy job, just a madman who says this is easy. Smiley
member
Activity: 406
Merit: 10
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I think that this is a good piece of advice! I always stick to this recommendation and never fail! I understand that my success depends on my emotional health and knowledge of the basics which I try to gain daily
Psychology is important to the success of a trader so staying calm in times of market fluctuations and make wise decisions will help investors easily succeed in this market. Try to learn a lot of knowledge from experienced people and the internet, books ... that is the knowledge you need to do as a trader.
sr. member
Activity: 1400
Merit: 283
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.
This is a thing that i see a lot of new traders do and that is as soon as they see the price going down they immediately start panicking and selling right away, because they lack experience and they just put all their money into it so they have the fear of losing everything they have if the make the wrong decision, so that is why not only they should be patient and not panic in these situations but also start with a low investment first so they can learn the ropes of the market.
sr. member
Activity: 2226
Merit: 347
The hardest part is controlling the emotions, making the decision to hold or CL. this requires experience and emotional control.
and panic is the biggest enemy of a trader, forget your token and relax in trading. Wink
If you cannot control your emotions,then i think trading will not work out for you.Trading is all about profit so you should know the best things to do especially if you are facing tough times in trading.Panic selling will make you lose in most of the times but there are times also that it will create a positive result than just holding your coins throughout the year.The desicion is all yours that's why you have to be flexible and cautious all the time.
I must say that that having a good control over your emotions is the very first step towards making of some good earning whether you are there in the world of trading or busy in doing any other investment or business. If you are not having this quality within your personality, then there is nothing good which you can expect to have and that you will hardly be able to have something better.
When it comes to investment and even on just normal activities on life.Emotion control will really have a big effect on the things we are engage on because if we can able to control this thing and we do really have that patience.Then we can calmly do things that we must supposed to do into these unexpected circumstances specially on trading where we do engage on volatile price and we are talking and risking our money on here,calm mind and proper preparation and back up is needed.
sr. member
Activity: 574
Merit: 256
The hardest part is controlling the emotions, making the decision to hold or CL. this requires experience and emotional control.
and panic is the biggest enemy of a trader, forget your token and relax in trading. Wink
If you cannot control your emotions,then i think trading will not work out for you.Trading is all about profit so you should know the best things to do especially if you are facing tough times in trading.Panic selling will make you lose in most of the times but there are times also that it will create a positive result than just holding your coins throughout the year.The desicion is all yours that's why you have to be flexible and cautious all the time.
I must say that that having a good control over your emotions is the very first step towards making of some good earning whether you are there in the world of trading or busy in doing any other investment or business. If you are not having this quality within your personality, then there is nothing good which you can expect to have and that you will hardly be able to have something better.
newbie
Activity: 129
Merit: 0
yes better to trust the daily trading activities and sell in profit instead of panic to market each and every time market will fall and picks up
member
Activity: 322
Merit: 10
I think that this is a good piece of advice! I always stick to this recommendation and never fail! I understand that my success depends on my emotional health and knowledge of the basics which I try to gain daily
sr. member
Activity: 980
Merit: 255
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.
Most of those that are panic selling do not really have any trading experience that is why they are making those mistaken moves, so what a person with no trading experience needs to do in that case is to reevaluate his strategy, if you bought serious coins that have been in the market for a long time you have nothing to fear, the only thing that you need to do is to stop looking at the markets and do something else eventually the market will recover and you will get profits, but if you invested in some dubious coins then the possibility that you panic is even greater so you need to analyze your coins once again and see if they're worth holding for the long term.
full member
Activity: 461
Merit: 101
it's not about trust, or luck, just like many people said in here before, it is about skills and market knowledge, you can not expect to make huge gains only by having trust on yourself, that is shit and no one can do that
But sometimes luck and trust matters too so even if you are a skillful one or have been trading for a quite long while if it is not your time to get that success it wouldn't favor on your side. But I take that own experiences on trading is very accountable when you are aiming for a high profit here in Cryptocurrency.
jr. member
Activity: 130
Merit: 5
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.

This is not true all time my friend but I respect your opinion. Your action will depend if you are trader or long term investor. The logical thing to do if you are trader during sudden drop of price is to cut loss and try another trade in other day. While if you are long term investor this kind of drop is nothing to worry since you are looking at the 2-3 years perspective.
full member
Activity: 466
Merit: 100
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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.
that's what traders should do to avoid big losses, but sometimes fear always haunts the mind when prices start to fall. actually panic is a very difficult human nature to avoid.
full member
Activity: 602
Merit: 118
Energetic, confident, and positive thinking is a cornerstone in trading, not panic and hold is a strategy in trading to counteract the losses that will anesthetize our trade.
Of course very wise to do, so that we avoid the danger of losses that will hit.
hero member
Activity: 1820
Merit: 515
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It's hard to panic when the whole market is falling ...
Yes it is hard to get our nerves when the whole market is falling but if you have experience and you trust the bitcoin then you can hold it even when the prices falling.But the main reason for the panic is the people invested more money then they can afford to lose so they will be in trouble of they lose mkre money that is why we need to understand that never invest more than you can afford to lose in crypto curreny.
full member
Activity: 198
Merit: 100
Panic is always there only if you are newbie in a place you don't know. I myself had experience too the loss because of my inexperience here in trading as well as i panic because i saw the price went down super fast in my first try of trading. Now, even if i found myself in a sink hole i don't panic at all because i know the price would get back or i know now when to sell or to hold my investment.
full member
Activity: 736
Merit: 100
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Oh yeah, that's a great idea! You have to rely on your experience, be calm and restrained. And do not succumb to a panic sale (which I'm good at Grin). I'm sorry those people who don't believe in the bright future of crypto currencies. I hope they will find a way to return the money lost on sale.
Yes rely always in our experience because it help us to think and make a good decision to establish a strategy that help us to minimize the risk and earn more profit. Those people who become panic are haven't enough knowledge and experience in crypto world on which is not good because they cause the market to decrease and make a loss but if they have an knowledge they should be hold it because they know the potential of cryptocurrency in the future.
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