Trust you trading experience and don't panic - page 24.

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: Qunetick on May 19, 2018, 11:09:26 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.

That's right and we should do that if don't want to get loss. Trust our skill is important trust other people is disaster and I already do that. Even we are new in crypto market but believe in our skill is first step and should not ignore it. We built our future and start with faith is amazing. Do that and victory will be ours.

raider150shifter

jr. member

Activity: 126

Merit: 1

If you're a day/short term trader in order to lock profit make sure you plan your buying and selling points ahead and don't wait for the peak of the pump be a little less greedy, and if you're a long term trader be active to forums and news and follow the crowd, don't hold the mentality of holding till moon if you feel the coin is about to get a dump because of news and proofed sayings of crowd the sell. that's all, invest wisely!

electron-coin

full member

Activity: 521

Merit: 100

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.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Cryptostocks on May 22, 2018, 06:14:17 PM

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

Market knowledge isn't always a helping factor, especially when you take into consideration that the market with all its variables is very unreliable by nature. In the end it requires a combination of everything to profit.

Trust by default is worthless, so that should never even be mentioned when the subject is trading. Luck is actually a significant factor, and it gains even more significance when you are heavily into day trading.

If skills and knowledge were the sole leading factors, this market would be easy to profit from for the majority of the traders, but that's not the case. The unpredictability of this market can't be beaten with skills and knowledge.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: asyakashi on May 22, 2018, 07:41:20 PM

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.

asyakashi

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

coinluisa

member

Activity: 626

Merit: 10

Quote from: Qunetick on May 19, 2018, 11:09:26 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.

That's true because it's in our every decision where we will belong if we always panicking we hit nothing instead we got stress and loses. Being trader we need to have strong control to our emotions,stop being panic when you see the market is not alright. If you want to earn in crypto you need more patience.

Cryptostocks

member

Activity: 195

Merit: 10

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

asemene41

newbie

Activity: 294

Merit: 0

It is true . panic is not a solution to no loss but it will make you continue to lose. forget the key panic of success in the most important trade in my opinion is not to panic. hold if indeed it should be done do not panic and immediately sell your assets is bad you will continue to lose if it continues so

Pencha

member

Activity: 72

Merit: 10

It's hard to panic when the whole market is falling ...

shimbark123

sr. member

Activity: 574

Merit: 250

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This advice is probably the best applicable advice as of now. This thing is the best thing to follow because right now, the market is currently bleeding. Not all of it but most of the coins are all bleeding. So trust your experience and don't panic and HODL.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: zhekinsp on May 22, 2018, 08:34:34 AM

Quote from: logicgate on May 22, 2018, 08:27:28 AM

Quote from: lordmick on May 21, 2018, 01:04:44 PM

Successful trading requires a lot of time, concentration, and most importantly constant learning. The trader learns from mistakes. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. In order not to sell on the red market, I always set a stop loss.
Do not believe anyone, there are no authoritative opinions in this market. Learn, rely only on yourself and your experience. This is Wild West!

There is really no need to panic about the falling prices of the crypto currency you have invested. You need to be patient and need to hold the coin you have invested for the time being until the market is warm again. I am saying this because I have experienced situations like this in the past. These are the market disequilibrium times when the price may fall but there is an inbuilt ability in the market to return to equilibrium from disequilibrium.

Yes,we actulally didn't lose anything until we sell it so we need to just hold our coins to keep our capital from loss but more people get afraid and sold their coins for lose which make the condition more worse and worse by continuous price fall.

We wont really lose nothing if we do still hold up on our coins in our stashes but one thing that do really make us panic even more is the emotions that pushes us when we actively checking out our ports.This is why never ever do this habit when you do see red market or price corrections because high tendency that you will able to commit such mistake.Experience is one of the most important things which will give awareness regarding into your possible actions that would be made.

angrynerd88

sr. member

Activity: 910

Merit: 253

Hodlers Network

Education is must to be successful trader and we must learn from the past mistake and dont repeat again.Should overcome the panic and learn to control the emotions either we lose or win.Patience is key of success in trading hold coins till find best moment where meet the expected profit.

MasterNodes.Cash

newbie

Activity: 56

Merit: 0

That's exactly what distinguishes good traders from the bad ones - patience! Traders who don't understand how the market works and who invested more than they can afford to lose will keep selling at a loss. Hodling is the best strategy for such people. Pro traders understand they must not trade with emotions and they don't panic if they made a bad buy...happens to everyone.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: renes on May 21, 2018, 05:11:18 PM

I always trust myself but that does not mean taking high risk or doing unnecessary actions in the exchanges. Panic is normal but high panic may cause you to make wrong decisions.

Panic is normal to those who didn't take time to understand first how things works inside this industry, I trust my instinct as I continuously read and monitor how market works, I think that doing this will give me good edge to and lessen my risk, trust and patience will be the useful tools when dealing to this business.

zhekinsp

full member

Activity: 882

Merit: 126

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Quote from: logicgate on May 22, 2018, 08:27:28 AM

Quote from: lordmick on May 21, 2018, 01:04:44 PM

Successful trading requires a lot of time, concentration, and most importantly constant learning. The trader learns from mistakes. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. In order not to sell on the red market, I always set a stop loss.
Do not believe anyone, there are no authoritative opinions in this market. Learn, rely only on yourself and your experience. This is Wild West!

There is really no need to panic about the falling prices of the crypto currency you have invested. You need to be patient and need to hold the coin you have invested for the time being until the market is warm again. I am saying this because I have experienced situations like this in the past. These are the market disequilibrium times when the price may fall but there is an inbuilt ability in the market to return to equilibrium from disequilibrium.

Yes,we actulally didn't lose anything until we sell it so we need to just hold our coins to keep our capital from loss but more people get afraid and sold their coins for lose which make the condition more worse and worse by continuous price fall.

logicgate

sr. member

Activity: 994

Merit: 252

Quote from: lordmick on May 21, 2018, 01:04:44 PM

Successful trading requires a lot of time, concentration, and most importantly constant learning. The trader learns from mistakes. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. In order not to sell on the red market, I always set a stop loss.
Do not believe anyone, there are no authoritative opinions in this market. Learn, rely only on yourself and your experience. This is Wild West!

There is really no need to panic about the falling prices of the crypto currency you have invested. You need to be patient and need to hold the coin you have invested for the time being until the market is warm again. I am saying this because I have experienced situations like this in the past. These are the market disequilibrium times when the price may fall but there is an inbuilt ability in the market to return to equilibrium from disequilibrium.

renes

sr. member

Activity: 532

Merit: 250

I always trust myself but that does not mean taking high risk or doing unnecessary actions in the exchanges. Panic is normal but high panic may cause you to make wrong decisions.

squatz1

legendary

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Flying Hellfish is a Commie

Quote from: milewilda on May 21, 2018, 04:18:21 PM

Quote from: Taki on May 20, 2018, 01:40:30 PM

It's easy to say 'let's stay strong', but when the price is keeping falling it is hard to stay cool head. I can suppose what is moving those people who can't hold and panicly selling their coins, they think 'at least I will have that much money than nothing'. It is OK in the case if person was just collecting coins, for example from signature campaign payments, but if you invested in bitcoin, especially on higher prices, the lose is going to be disappointing.

Even experienced ones do really still able to get this pressure when they saw price is falling down.Its really easy to say on someones or even on your mind if you are not still on the situation but if you are in the actual then you would really have the possibility on having these kind kind thoughts.Panic is unvoidable but if we do alreaady gain experience we can somehow control it because we do already have the idea on what to do on these kind of circumstances.

The big thing that people must remember is that whatever money you put into crypto, is as good as gone. So this money shouldn't be money that you're relying on, it should be money on the side that you CAN lose.

This pretty much means that you're able to be in it for the long haul with crypto cause you're not relying on getting this money back (or getting gains from it) If you do that, then you're set for crypto and traditional markets.

vv181

legendary

Activity: 1932

Merit: 1273

The problem is they all get panicked because of lack experiences. It is indeed necessary to start with a low amount of money if you just barely started trading, just like the famous quote, "never invest money that you can't afford to lose".

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