Topic: Trust you trading experience and don't panic - page 27. (Read 91978 times)
Yes that right, panic sell when the price just correction is bad action in trading, trading knowledge is important to know that only correction or sign of reversal. When the fundamental of the coin strong and the price uptrend just follow that uptrend and dont panic sell, know detail the market cap and daily volume of that coin will help to know if the price has more possible to going up more.
Yeah that's true , but it is easy to say it than to act!
Of course we all have lost something on trading , till we have learned something and we still will lose something to learn more , I think the important is to don't make the same mistake twice , and the best way for it is to write down every trading and every new experience , something that i do , I got a stupidity notebook that write down my stupidities on it , it is getting full already
Of course we all have lost something on trading , till we have learned something and we still will lose something to learn more , I think the important is to don't make the same mistake twice , and the best way for it is to write down every trading and every new experience , something that i do , I got a stupidity notebook that write down my stupidities on it , it is getting full already
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 sell is what brings big losses in trading so do not panic if the price of altcoin we hold down. Less patience is the key to success in trading.
Every expirienced trader know that he is not 100% right all the time. 90% anfter years. 70% after weeks. 50% after days. Holding in all situation leads you to have empty wallet beacuse each mistake will be holded till 0.
Its like Herbert said.
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!!!
But to know in what situation you are currently you need expirience. Expirience is made by making mistakes. Not by sitting on 1 possition hoping for it to bounce.
You can trust your trading skill when you already got enough experience, if you don't have enough experience better to trade in small amount, and panic selling is the number one cause the price of the coin to slammed down, so don't listen to all of the news that you heard do the research, then decide the best step
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 sell is what brings big losses in trading so do not panic if the price of altcoin we hold down. Less patience is the key to success in trading.
"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!!!
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.
To who are you talking to? Experienced trader will know when to sell. Not expierienced trader dont have expirience to trust at. Its not so easy. Not alwais hodl is best option. Sometimes it leads to make 0 in your wallet.
Experienced trader will know when price is too cheap to sell and decide to hodl.
When you dont have expirience how would you get some if you bought once and stick to that decision praying each day hoping for it to bounce.
Start with minimum bet - 10$ - And make lots of mistakes. That's how you will get expirience to know when its best time to hodl even if price is going down. HODL IS NOT ALWAIS BEST OPTION.
After weeks of trading YOU will be the person who is buying (not even hodling)when others are panic selling making best profits.
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.
How could we trust our trading experience while we seen our coins in danger of being dead? You can't motivate a hopeless person mate while you don't know exactly what to do. I know you're just too positive enough to say keep the faith, but I don't know you can do it in real situations.
Maybe what the OP is suggesting is that we should trust the system and even though that our portfolio is down, we can't be that hopeless because we all know that it can bounce back anytime soon. If you are a experience trading, you wouldn't panic that easy and used our common sense.
We could not prevent the speculator to say their negative ideas, because we have our free will of giving opinions based on how we analyze the trend of trading price of each and every coins in the crypto market.
Of course everyone is entitled to their opinion, but its up to us to whether believe it or just ignore those. Specially pessimism which has became the norm of the forum lately specially in this bearish trend. We should rely on our own decision by doing our homework and validating everyone's opinion regarding the price movement.
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.
How could we trust our trading experience while we seen our coins in danger of being dead? You can't motivate a hopeless person mate while you don't know exactly what to do. I know you're just too positive enough to say keep the faith, but I don't know you can do it in real situations.
We could not prevent the speculator to say their negative ideas, because we have our free will of giving opinions based on how we analyze the trend of trading price of each and every coins in the crypto market.
I agree if you hold the right coin. Not to be panic is relative hard for newbie. Sometime your experience little bit in different condition, that's why people cannot learn from their experience instantly.
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.
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