Topic: Trust you trading experience and don't panic - page 25. (Read 91980 times)
Experience is wise. We should first step down and think why....Everyone need to be aware this a really high volatility market, and your portfolio can contract by 70% . We have historic to see how the market reacted before. And the market got back on track... So no panic just hold. Think long term. Gains
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 agree with you. Keeping calm in the midst of price drop down is another strategic way to earn better in the future. Panicking won't help us but we might make worse decisions through it that we might regret in due time. The best thing to do is to keep calm and patient.
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. 
It is easier said than done! Trading is unpredictable job and because of unpredictability of trading, you are always on the edge and naturally panic set in if things are not going as planned! Trader must be strong and not repeat the same mistake over and over again!
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.
Panic selling, if you are a trader, is well done, you will lose if you see bad information coming. Prices will always go down when there is bad information or FUD spreaders. But if a person chooses for a long term investment may say that there is a wrong way because it will make you lose. Being a trader you should not be glued to the fundamental method but looking at the chart is the most important thing you should do.
To be honest my trading experience is very bad . I started 5 months ago with $1200 buying/selling alts and my target was to aim 1% profit from that $1200 . I am still in the dip and waiting for the market back at 20k$.
Just #hodl
Just #hodl
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.
Panic selling, if you are a trader, is well done, you will lose if you see bad information coming. Prices will always go down when there is bad information or FUD spreaders. But if a person chooses for a long term investment may say that there is a wrong way because it will make you lose. Being a trader you should not be glued to the fundamental method but looking at the chart is the most important thing you should do.
Not that easy and many could have make it big in trading if they can actually control their emotions. I read a story of a guy here yesterday were when ever he sell any coin that is when there will start growing and when he hold that is when they will start falling and I think all this come out of patience and lack of ability to hold.
I know that all of us here before entering trading we are all doing a research about the coin and at least have some basic knowledge with what we are doing so no reason for us to panic all the time, don't worry much about what you are doing, be courage and take risk, if you lose at first try don't be disappointed.
Doing research before investing is always a good thing fundamentally, but it doesn't really help you with trading the short term market. In all cases the market of whatever coin never reflects its utility. It's always speculation dictating the market, and that speculation is something you just have to accept from that it can't be beaten with knowledge or technical analysis. If that was the case, institutions would absolutely dominate this market with iron fist, which is something that people should be happy with. I do actually believe that institutions will slowly but surely take over the market aspect, but it will likely be a process taking many years, so we don't yet have to think about it....
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.
That's why you have to have a risk management system.
If the prices are constantly falling (bear market) exchange your coins for tether/USD or other stable-coins. There's no reason to watch your portfolio bleed everyday and you don't have to be a day-trader to do this.
I've recently added a new tactic to my trading - invest in coins that are in a rally, e.g. making higher highs and higher lows - now, everytime they reach a new higher low, I move my stop-loss up to that price, so that it gets automatically sold as soon as it's not making a higher low anymore - it's a high potential reward and low risk approach. Once it made a lower low it can quickly turn into a downtrend and lose a lot of value - but by that time my money is already in another coin that's rally-ing
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!
Do not believe anyone, there are no authoritative opinions in this market. Learn, rely only on yourself and your experience. This is Wild West!
If everyone follows these rules then the market will start to grow again. Because when people get panic and sell their coins in the panic market goes more down and more panic increase everyone should hold their coins if they want to earn good profit.
Panic seller will never cease to exist they are the basic fluctuation of the market and they are common on every cryptocurrency that we know most commonly it happens when some cryptocurrency are badly crashing, it is part of our selves if we lose our coolness, even some experienced trader encounter this panic anxiety, you must trust your confidence towards the coin that you are trading, calm your head before making a decision. Experience is the wisest teacher. With experience we can learn a problem properly. We will not panic in solving a case, because we have experience in the field.
If you have faith in your work,success comes.Must be careful about the transaction.It is not possible to get rid of the dealer if you have work skills.During the transaction, the correct coins should be invested.And panic can not be sold by coins.People make a wrong decision in panic.Selling coins in this critical time means that the price of Bitcoin is brought down.Therefore, do not take tension and keep chills.
I fully agree with you. We should have faith on our experience or judgments. People nowadays, are completely out of patience. They panic so quickly on seeing their investments falling. But they should understand that ups and downs are a part of the trading market. So we should not sell it out panic as it you might lose the possible future profits. A good trader is a person who along with TA skills has a good sense of judgement and a lot of patience too.
I know that all of us here before entering trading we are all doing a research about the coin and at least have some basic knowledge with what we are doing so no reason for us to panic all the time, don't worry much about what you are doing, be courage and take risk, if you lose at first try don't be disappointed. 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 think the best thing to do is not to panic in times of red market. The prices might drop down but we should bear in mind that it is just a part of the journey of crypto's votality. We should just keep calm during these situations and just always look at the brighter side of being patience.
panic state will not be good for you will make you quickly forget and manipulate the transaction will be susceptible to the impact so it is best when the transaction you should calm and confidently confidently check the information step by step accurately will help you make transactions safer and more accurate
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 think the best thing to do is not to panic in times of red market. The prices might drop down but we should bear in mind that it is just a part of the journey of crypto's votality. We should just keep calm during these situations and just always look at the brighter side of being patience.
All decision buy or sell during trading will be much better according to analysis and not base emotions, sell as soon as possible because based on fundamental analysis and bad news is great action in trading to avoid big loss and to make others profit. But panic sell without any analysis will just make loss opportunity to make profit.
it's good to not panic, but you have to know when to sell and hold, because not forever the coins you hold will go up or down, it's important to know the right moment, because each coin has a different problem you can not apply the same strategy for all coins.
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