Topic: Trust you trading experience and don't panic - page 8. (Read 91980 times)

You never need to panic. I certainly regret that I didn't merge some of the funds into fiat at the beginning of 2018, but I believe in the future of the Cryptocurrency

There are different people in the market, those who are well knowlegeable and has a good amount of experience and those who are just new traders which mostly make bad decisions, so always study the market and the coin you are interested to invest before jumping into this industry to avoid losing your capital.

yeah that true believe in your experience makes you stronger in principle and consistently not easily influenced by false issues, if you fail you can learn from there to increase your experience for better and not do the same mistake again
so believe in your experience is the best choice make you independently consistent and efficient

I certainly agree with you. I wonder why there are still a lot of people who panic during this kind of market situation if they already know the previous history of the market. Cryptocurrency is volatile and we can't change that so we must be the one to adjust. Have more patience.

Yeah it is good idea and if you have no experience of trading then try to get knowledge and skills about crypto trading and then start trading and it is right that you should not be panic about the current situation of the crypto market and keep going on. One day you will make huge profits from your trading. This situation will never last for long time.

Yeah, trust your trading experience and don’t panic
because that panic cant help you to think what are the best you can do in this situation and just believing yourself that you can survive in this.

You can not grow your investment in trading of cryptocurrencies if you do not trust your self. You should be aware to the negative effect that you can get from panicking.

Panic situations means you are entering your emotions in the market which has nothing to do with the market so better you keep inside. Market needs a solution to recover and solution for low market is to place more money in the market so that demand rate activates the value to go high. So this time all we need is to focus on our trading processes and not to enter emotions here.

It seems to me that there is no point in talking about panic or negative psychological mood, especially if it's a professional trader. a person who knows how to manage the market, he easily copes with his emotions and knows how to act in order to minimize his losses in difficult situations.

I think the experience of trading to be a good teacher to be successful in trading, and we must believe that the price will definitely rise again and true, if the price drops then there is no need to panic selling because it will only make us lose

In my opinion, losing or making mistakes are inevitable, even though the masters make mistakes too. But I agree that if you're an experienced trader you won't panic and you will execute less mistakes. And I think that we can't blame the newbies who's try to trade or trying to learn perhaps because they want some guide at trading.

It is inevitable, while no one wants to lose money at the same time that is the only way to understand our mistakes, I remember hearing a professional coach of football saying that it is way more difficult to correct mistakes when you win than when you lose, if you win the players are not going to see the need to implement changes to a winning formula but if they lose they will do anything to improve the situation and the same happens in this market.

Even though we have experiences sometimes we have to face the loss because that's how sometimes the market situation is going to be. Experience trader will not bother much about the market situation even though he is facing loss.

yes you really better believe with the experience you have and do not easily panic so you are not easily affected by bad news that exist, if you are easily affected you will only get losses only.

There are a lot of newbies trying to trade and that is one of the reason of why we have all of them complaining in here, but i think that if you know how to trade, you wont make any mistakes

Yeah finally I read something useful this day. That is why it is very important that you gain experience first before entering the world of trading. You can acquire experience through the experience of others.

we need to have confidence in the trading and no matter it is, we can get another profit after we got the loss. sometimes we are fearful that we cannot make any profit because we don't have much trading experience or trading skill. but as long as we can buy at a low price, then we should believe in ourselves that we can stay calm and don't panic. once we can control this, we can trade with good, we can eliminate the fear, we can stay calm and moreover we can make a profit.

  I believe that we need to trust our self on making some decision on the crypto feild. Because I believe that if we don't have trust on our self we cannot really sustained some of the situation that we maybe experience on crypto. Maybe we can loss an amount of our capital because we are lack of confidence. I think we need to hold on and maybe soon market will rise.

Agree with you it is not good to sell at panic because it is hard to get profit if you are a panic seller, now almost everyone know that price of bitcoin use to keep on moving so they are no longer worry about the situation, I think we should encourage people to buy right own and hold because soon market of bitcoin will be normal and we will get the opportunity of buying bitcoin at panic and selling at the higher

"Experience is the best teacher." -- the cliche' belief that many people forget. The emotions emerging when we always arrive at the point of getting profit. Emotion that builds up the greed that people can't avoid to get at times of market rapid gains, then in the end the greed becomes regret. It is like that emotion is the input, greed was the process in the way that some people continue to sell and then the output was the regret. Such simple logic that is hard to accomplish by some people that are looking for good things in crypto. We can't blame them though. They have their own reasoning of why they sell or make the dumps in the market.

1. Emotion - either they are really new to trading and can handle losses yet.

2. They are simply just a side trader. I am also just trading as my sideline, but I am still managing to get the most of my coins through ignoring the price it currently has within a week while also looking for significant gains. Other traders are just reasoning that they are side trading and they would sell whenever they see such gains that are logical or reasonable for them.

3. Large traders. They could be investing in various coins, making them have some comparisons of the coins they invested before to the coins they invested right now. It causes them to sell the less promising coin and invest it instead into the current coin that they know it is gonna guarantee them good gains in the future.