Sometimes it is a good idea to panic sell, it really depends on the situation. If the "Panic" just kicks in then sometimes it is a good idea to just drop your bag immediately and chances are you will be able to buy back your original bag at a way lower price. Meaning you will have more coins + profit.
It is usually a bad idea to panic sell if its late panic, aka the huge drop already happened.
Topic: Why we shouldnt panic sell (Read 1144 times)
People normally panic sell when the market is unstable to avoid losing money. I don't blame them because they just want to cash out from the market. It's totally normal for me. Once the market starts misbehaving you can get out but the best time to get out from the market is when the market is bullish.
panic will only hurt the trader. when we panic we can no longer think clearly and see the opportunities that exist so often the decisions taken in panic make traders lose and regret. true traders won't panic easily. they analyze the market more than just panic.
Almost a 85% of people failed because of human error and not by trading itself. The number one error im talking about is panic selling. Two words but put people in stress and losses big time. So how can you manage to avoid getting stressed easily and panic sell? Im telling you some.
- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.
- prepare yourself from future losses you have because its just normal. Negatives are part of the market balance. You are not a real trader if you dont experience it. Its sometimes an indicator that you should buy on that time.
- always think that its not yet a loss if you dont sell it.
- always have patience and wait for the right time to sell.
- BUY LOW SELL HIGH and get committed to it.
- dont believe on manipulators or those people who talks negatively to keep you from being motivated. Remember that you have more knowledgeable than them.
If you have some tips in additional then give some. Lets all help those who are in confusion right now.
Yes ofcourse panic selling contributes more to the dump situation whicb in turn leads to decrease in price fall.The new traders must invest keeping in mind the risk and volatility factors and keep control over their nerves and keep calm in these situation.This is way by which panic selling can be controlled. - before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.
- prepare yourself from future losses you have because its just normal. Negatives are part of the market balance. You are not a real trader if you dont experience it. Its sometimes an indicator that you should buy on that time.
- always think that its not yet a loss if you dont sell it.
- always have patience and wait for the right time to sell.
- BUY LOW SELL HIGH and get committed to it.
- dont believe on manipulators or those people who talks negatively to keep you from being motivated. Remember that you have more knowledgeable than them.
If you have some tips in additional then give some. Lets all help those who are in confusion right now.
Before you start a certain trade, you need to note down and strictly follow the profit booking and stop loss targets (these can very depending on the coin and the market). This is a very important strategy for stock market trading and it holds true for crypto trading as well. If you chose to ignore this advice, then may be for 2-3 occasions you may escape without major damage. But eventually your overconfidence and indiscipline will put you in a catastrophe. Just check the past threads in this sub-forum. You will find hundreds of examples.
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Yes, you are right. But sometimes man makes wrong without any reason! Like before yesterday I sold my atom tokens Because I don't want to hold every coin I have. But after selling, ATOM coin price went to 248% UP! Buy low and sell high is a very common strategy and everyone always tries to do it, but this is not perfect for every time. Sometimes I am to sell under profit and then again buy from a deep to equal the profit or investment!
Panic sell most of the time turn in loses. But sometimes it can save you from massive losses too. No one can ensure you about what's going on next, So, we need to be patient in a bad time and should learn from every incident in trading.
Panic sell most of the time turn in loses. But sometimes it can save you from massive losses too. No one can ensure you about what's going on next, So, we need to be patient in a bad time and should learn from every incident in trading.
But sometimes panick selling saves our asses when the price suddenly drops hard,and we had seen this alot here.but in totality panicking is not part of being investors since the value of coins are indeed as volatile and pumping and dumping happens all the time and to be a crypto investor?we must be ready on all this aspects
Still not a good attitude, any decision when done because of panic is bad, you will not survive in this market without a good strategyin different market situation, you are treating trading as gambling which you only rely on your luck, not on your knowledge.
to avoid panic sell my suggestion is not to believe too much what people say, although many say sell for example, it could be that they just want to get a cheap price by compiling people to sell their coins
Panic is a normal reaction to this problem when the entire market falls unusually, and i believe everyone include holders and traders will affraid and may have made a wrong decision, but that is what normal people do. In this market, it is obviously that cryptocurrencies is not always stable like any other markets, it is unpredictable and can be manipulated by big holders, so no matter what we do, think carefully because just a sell order can bring our entire money loss and make other people rich, stay away from panic actions and comeback when the market is in good condition. 
to avoid panic sell my suggestion is not to believe too much what people say, although many say sell for example, it could be that they just want to get a cheap price by compiling people to sell their coins
But sometimes panick selling saves our asses when the price suddenly drops hard,and we had seen this alot here.but in totality panicking is not part of being investors since the value of coins are indeed as volatile and pumping and dumping happens all the time and to be a crypto investor?we must be ready on all this aspects
because everyone knows what to do best when market conditions are like this, so yes there are not many people who suffer losses because they believe they will remain patient to get the benefits they want
Patience is great but you will have your own limits when you do this. I think when the market falls, very few people can be patient to wait because most people tend to sell to secure their assets. In my opinion, making a profit is only suitable when the market enters the growth phase and will limit the panic selling of everyone. because in panic, everything we decide will be very bad to do.
with panic and emotion you will feel sorry for what you have done.
with panic and emotion you will feel sorry for what you have done.
Actually the situation of doing trading most of the time we feel panic and it is not only for few traders, i realize most of the traders felt panic during trading. So it is common thing and mistake is that when we do wrong thing during panic situation. Like we sell our coins when we see continuously the price is downing.
because everyone knows what to do best when market conditions are like this, so yes there are not many people who suffer losses because they believe they will remain patient to get the benefits they want
Likewise in gambling, the summary of it is to trade only what you afford to lose.
My addition to it is to strengthen your emotion.
My addition to it is to strengthen your emotion.
Yeah the statement is well said.
I am completely agree with your statement buddy.
If you are not capable of bearing or handling loss then dont even try to trade or Gamble cryptos.
We can witness many incidents from the past that stands as a remarkable evidence in order to prove your statement.
I can say "Yes" to trading but for me to "Gambling" it's a big No, as when You Gamble, you surely make losses.
Almost a 85% of people failed because of human error and not by trading itself. The number one error im talking about is panic selling. Two words but put people in stress and losses big time. So how can you manage to avoid getting stressed easily and panic sell? Im telling you some.
- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.
- prepare yourself from future losses you have because its just normal. Negatives are part of the market balance. You are not a real trader if you dont experience it. Its sometimes an indicator that you should buy on that time.
- always think that its not yet a loss if you dont sell it.
- always have patience and wait for the right time to sell.
- BUY LOW SELL HIGH and get committed to it.
- dont believe on manipulators or those people who talks negatively to keep you from being motivated. Remember that you have more knowledgeable than them.
If you have some tips in additional then give some. Lets all help those who are in confusion right now.
- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.
- prepare yourself from future losses you have because its just normal. Negatives are part of the market balance. You are not a real trader if you dont experience it. Its sometimes an indicator that you should buy on that time.
- always think that its not yet a loss if you dont sell it.
- always have patience and wait for the right time to sell.
- BUY LOW SELL HIGH and get committed to it.
- dont believe on manipulators or those people who talks negatively to keep you from being motivated. Remember that you have more knowledgeable than them.
If you have some tips in additional then give some. Lets all help those who are in confusion right now.
I totally agree with you. Panic sell is the most disgusting thing in trading world. People loose their money and they can't rise again there life. Avoiding fake news and panic news is the most important in trade life. You have to believe that sometimes you can loose and that's totally natural. So deal with it and be patient. Have fun with trade...
because in panic, everything we decide will be very bad to do.
with panic and emotion you will feel sorry for what you have done.
with panic and emotion you will feel sorry for what you have done.
Actually the situation of doing trading most of the time we feel panic and it is not only for few traders, i realize most of the traders felt panic during trading. So it is common thing and mistake is that when we do wrong thing during panic situation. Like we sell our coins when we see continuously the price is downing.
Almost a 85% of people failed because of human error and not by trading itself. The number one error im talking about is panic selling. Two words but put people in stress and losses big time. So how can you manage to avoid getting stressed easily and panic sell? Im telling you some.
- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.
- prepare yourself from future losses you have because its just normal. Negatives are part of the market balance. You are not a real trader if you dont experience it. Its sometimes an indicator that you should buy on that time.
- always think that its not yet a loss if you dont sell it.
- always have patience and wait for the right time to sell.
- BUY LOW SELL HIGH and get committed to it.
- dont believe on manipulators or those people who talks negatively to keep you from being motivated. Remember that you have more knowledgeable than them.
If you have some tips in additional then give some. Lets all help those who are in confusion right now.
- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.
- prepare yourself from future losses you have because its just normal. Negatives are part of the market balance. You are not a real trader if you dont experience it. Its sometimes an indicator that you should buy on that time.
- always think that its not yet a loss if you dont sell it.
- always have patience and wait for the right time to sell.
- BUY LOW SELL HIGH and get committed to it.
- dont believe on manipulators or those people who talks negatively to keep you from being motivated. Remember that you have more knowledgeable than them.
If you have some tips in additional then give some. Lets all help those who are in confusion right now.
I totally agree with you. Panic sell is the most disgusting thing in trading world. People loose their money and they can't rise again there life. Avoiding fake news and panic news is the most important in trade life. You have to believe that sometimes you can loose and that's totally natural. So deal with it and be patient. Have fun with trade...
because in panic, everything we decide will be very bad to do.
with panic and emotion you will feel sorry for what you have done.
with panic and emotion you will feel sorry for what you have done.
Actually the situation of doing trading most of the time we feel panic and it is not only for few traders, i realize most of the traders felt panic during trading. So it is common thing and mistake is that when we do wrong thing during panic situation. Like we sell our coins when we see continuously the price is downing.
Most of the people will think in the same way but when it comes to reality it is impossible to control their emotions in the market. When they make profit they start selling and when they made loos they start selling. Panic will makes us to sell them for cheap prices and as well as at the high prices.
We all trade with emotion no matter how strong or pro we feel we are as a trader but what makes us stronger and better is the several mistakes we have made in our trade by panic selling, from our losses, we will learnt to improve and get better till we become perfect in controlling our emotion and fears for trading.Like for me now, this is almost my 15th years in trading which I even senior crypto trading based on my experience in forex, with all these years of experience, I didn’t come out of emotion trading until 2 years ago. So we can all become perfect and stop panic selling after several lessons our losses must have taught us.
because in panic, everything we decide will be very bad to do.
with panic and emotion you will feel sorry for what you have done.
with panic and emotion you will feel sorry for what you have done.
Actually the situation of doing trading most of the time we feel panic and it is not only for few traders, i realize most of the traders felt panic during trading. So it is common thing and mistake is that when we do wrong thing during panic situation. Like we sell our coins when we see continuously the price is downing.
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