Topic: Trust you trading experience and don't panic - page 26. (Read 91980 times)
Trading should be done without impulse from the trader. Trade what is in front of you and not what you think the market should be. If you don't trade according to how the market is behaving, you must end panic selling all your valuable coins.
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.
the panic will only make us lose because we can not control the profit maximally, so even though the situation is not good I think we should stay calm and master the science of trading, so that's what makes us can still get profit. 
"not selling" doesn't necessarily mean you are not panicking! in fact sometimes if you don't sell it means you are panicking. for example when you are bag holding some pump and dump altcoin and that coin is getting dumped and you don't sell, that means you are "panic holding" and that is a big mistake because it leads to a huge loss on your part because the dumpers aren't going to stop anytime soon.
it is important to pick your moments, sometimes it is best to sell and sometimes it is too late to sell and sometimes it is best to hold. you just have to figure out which action is the right thing for that time, you can't have the same solution for every situation!!!
it is important to pick your moments, sometimes it is best to sell and sometimes it is too late to sell and sometimes it is best to hold. you just have to figure out which action is the right thing for that time, you can't have the same solution for every situation!!!
Difinitely mate, sometimes we regret of not selling while the price spikes during the time it reached higher value and yet you hold. Eventually you'll realize the price started to crash but you felt you're in regrets of not grabbing the opportunity of a sustainable profit. Sometimes we don't know yet when to demand for fiat cash for your special expenses and you'll be forced to sell even though you're controlling yourself from dumping the current holdings you had.
Trading is not an easy job. We should be ready to lose and earn both. In any kind of tradings, People don't lose because of their own faults but because of the market conditions, geopolitical tensions, regulatory and legal hurdles, volatility and their own fears and greeds. So anyone wants to become a good trader must gain experience first and should believe in their own guts than any papers sent by a random analyst.
So first and foremost, Trade with a small amount and get your feet wet. Then do your job.
Just a personal opinion. Not a financial advisor.
All rights reserved, @ MasterCoiner , 2009 - 2018.
So first and foremost, Trade with a small amount and get your feet wet. Then do your job.
Just a personal opinion. Not a financial advisor.
All rights reserved, @ MasterCoiner , 2009 - 2018.
"not selling" doesn't necessarily mean you are not panicking! in fact sometimes if you don't sell it means you are panicking. for example when you are bag holding some pump and dump altcoin and that coin is getting dumped and you don't sell, that means you are "panic holding" and that is a big mistake because it leads to a huge loss on your part because the dumpers aren't going to stop anytime soon.
it is important to pick your moments, sometimes it is best to sell and sometimes it is too late to sell and sometimes it is best to hold. you just have to figure out which action is the right thing for that time, you can't have the same solution for every situation!!!
Experienced such scenario when the time ive been keeping holding a coin because it already negatives my capital but it doesnt mean that holding isnt a sign of panicking. You do hold but you are feeling like burning inside due to worry and stress.This is why not all experienced traders dont sell off because there are always times that where traders do able to know on when to sell for the most profitable range.If you do go for long term then the thing mentioned on OP is applicable. it is important to pick your moments, sometimes it is best to sell and sometimes it is too late to sell and sometimes it is best to hold. you just have to figure out which action is the right thing for that time, you can't have the same solution for every situation!!!
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 don't think it's traders who do most of the panic selling, experienced traders make profit of drops in prices. It's investors who do so, especially newbies, as they've heard that a certain cryptocurrency has a potential and then saw that it's dropping they think that they've made a mistake and sell everything off. 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.
There are two types of selling from the traders when the price starts to fall,some traders will get panic that they will lose their capital and others act smart by selling them now and buy when the price reached bottom.As you said patience is important while doing trading with cryptos and also we need to builtup our decision making abilities at these conditions to be a successful one. 
what if you have no experience? I have been trading coins for 2-3 years but still I can't trust my experience because trading is very difficult and there is no standard for me.
We know the price of crypto asset is so volatile. It mean the price will be up or down anytime. The solution is hold your asset when price going fall. This is why trader need someone that have good feeling/emotional and patient. If you panic when price dump, you will lose and you never success in trading. Maybe you can tray mining for other way to get profit.
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.
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 is worst part of trading. It mostly occurred with the new traders,sometimes with experienced trader too.In a month of March,bitcoin was stable for 6000-6900$.In such conditions, even experience trader will get panic.Instead of panic selling, you can hold it with some hope.
It's easy to say 'let's stay strong', but when the price is keeping falling it is hard to stay cool head. I can suppose what is moving those people who can't hold and panicly selling their coins, they think 'at least I will have that much money than nothing'. It is OK in the case if person was just collecting coins, for example from signature campaign payments, but if you invested in bitcoin, especially on higher prices, the lose is going to be disappointing.
If you know the basic thing that you are doing in trading then you don't need to panic all the time, all you have to do is to trust yourself more than anything else, and you can actually trust yourself if you have a knowledge about what you are doing, just try and try start with little, take risk and the courage.
We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.
you have point their mate, ' which is we must believe on our experience rather than believeing on our feelings or emotions to decide what is the good idea when there's a worst situation occurs. 'cause it is for the sake of our money and future. so instead of panicking let your mind relax first then make some technical analysis again and build new strategy for it, and always ignore those noobs and fuds that always yelling sell sell sell! Even they don't have strong evidence . Make your own move mate don't rely on others predictions and thoughts to prevent regrets.
I think everything depends on an amount of money which we are talking about. Actually it is a risk you take. For instance, I have an investment and the total amount is 10$ and I can say that I will be absolutely quiet in any situation because the amount which I can lose so small. I am sure that investors must work with such an amount which they can lose without any troubles.
Investing with a huge risk is a mistake and it need to prevent.
Investing with a huge risk is a mistake and it need to prevent.
it's a true panic it's bad your money can run out if you trade and keep panicking. forget panic and believe me the price will go up. hold is a good option if the price drops because maybe 2 days or 1 week then the price will go up do not panic and keep hold until you get profit
You really think that 2000 cryptocurrencies are necessary? 100 is more than enough. In few years/month/weeks 1900 of them and 2000 of uncreated yet will die (propably when bitcoin will drop from 1 mil to 50k). Holding is good option in some cases. But sentens "i hold beacuse i bought higher" is the most stupid one. Ill tell you secret. MARKET DONT KNOW WHERE YOU BOUGHT AT.
Make mistakes. Learn how to invest and trade. Invest bigger money and decide to hold or to SAVE MOVEY (not panic sell). When price is to low whait for it to recover. But do it consciously. Make your decisions. When you came to market with only 1 option. HODL. Your wallet will die with first wrongly chose coin.
Like Herbert2020 said. There is also panic holding. Witch is worst in my opinion.
it's a true panic it's bad your money can run out if you trade and keep panicking. forget panic and believe me the price will go up. hold is a good option if the price drops because maybe 2 days or 1 week then the price will go up do not panic and keep hold until you get profit
When people saw his portfolio is in the red one, to keep calm will be so hard to take. It is better to leave the market while on such condition. Otherwise, panic sell will come to us which is so hard to fight.
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 the traders are hold our investment but some new traders only sell the total investment or exchange to some other altcoins. I think few peoples are sell the complete investment so they don't survive in trading platform and these peoples are not fit the trading. But some strong believers are buying more coin they are all successfully achieve the profit. 
it's a true panic it's bad your money can run out if you trade and keep panicking. forget panic and believe me the price will go up. hold is a good option if the price drops because maybe 2 days or 1 week then the price will go up do not panic and keep hold until you get profit
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.
Absolutely agree with your opinion. We should not panic during this time. Because the market is now growing steadily. Do not increase too much or too much. So do not worry and keep holdingJump to: