Why we shouldnt panic sell - page 2.

Vaculin

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Quote from: emberbekas on April 04, 2019, 03:52:38 PM

Quote from: Btc_1856 on April 04, 2019, 12:36:29 AM

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.

As a trader, of course we will not only see the pleasant things. There are times when we have to make a quick decision when prices are not friendly with our position in the market. Cut the loss can be the best thing to do in a bad situation to avoid deeper decline and bad feeling. But there's no need to panic by making a quick decision afterwards to jump again to the market without in-depth analysis.

We can always cut our losses if we think we are losing too much through postponing our trading activity. We can always take a break from a market that brings pressures to us. Panic selling was never been a good choice of cutting our losses because we will only make losses once we started to sell off our coins below its cost price.

emberbekas

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Quote from: Btc_1856 on April 04, 2019, 12:36:29 AM

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.

As a trader, of course we will not only see the pleasant things. There are times when we have to make a quick decision when prices are not friendly with our position in the market. Cut the loss can be the best thing to do in a bad situation to avoid deeper decline and bad feeling. But there's no need to panic by making a quick decision afterwards to jump again to the market without in-depth analysis.

logicgate

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Quote from: Btc_1856 on April 04, 2019, 12:36:29 AM

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.

Emotions are useful for trading because being an experienced trading I know it is not good to out your emotions in trading, lime if the price is low you only need to be patient and hold your coins trading for low price gives bad effect on our profit, panic selling is full of lose that’s why never panic even if the price fall tests your level of patience.

Sanitough

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Quote from: Btc_1856 on April 04, 2019, 12:36:29 AM

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.

They make their decision on their own, if they panic or they are not good in controlling their emotion, they will never be successful.
Truth is, when some people panic, some people make money on their wrong decision, that's the game here, we should be on the smart side, thus panic should be avoided if we want to survive and be profitable in this market.

Btc_1856

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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.

frankcastle19

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Quote from: goaldigger on March 18, 2019, 08:16:49 AM

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.

Very good tips! Thank you

Ipwich

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Quote from: hahay on April 03, 2019, 07:22:17 PM

Quote from: acheampong64 on April 03, 2019, 07:05:18 PM

Well, personally i think we should say how to know when to panic sell. Fact is that, trading always have the panic sell in the game, and so is panic buy. The best thing to do is to know when to panic sell by reading the charts very well. Anyways I'm in no support of panic selling.

Panic selling doesn't understand the chart and doesn't know the rumours and news will only be a regret in the end, but when these things are well understood and known with research, selling and buying are not in the panic category because he will do it more calm and good confidence.

They only see the chart actually, but has not research the reason of the chart movement.
It's very common, especially for newbies, they tend to make mistakes because of their lack of knowledge, but let's hope they'll grow by learning from their mistakes.

Kelvinid

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Quote from: Bagaji on April 03, 2019, 07:25:11 PM

Panic selling is as a result of not having trust in one trading strategy in the first instance. And another thing is that people do invest what they cannot afford to lose or hold for a long period of time.

That is the most reason why people could loss their funds. In mostly cases, new adopters haven't trust towards crypto and the sad note is that they keep on complaining for being in losing which is not actually be good.
This is how important we should know crypto at first before risking our money in here. In such a time we understand why prices goes like this and not go for panic selling.

Bagaji

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Panic selling is as a result of not having trust in one trading strategy in the first instance. And another thing is that people do invest what they cannot afford to lose or hold for a long period of time.

hahay

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Quote from: acheampong64 on April 03, 2019, 07:05:18 PM

Well, personally i think we should say how to know when to panic sell. Fact is that, trading always have the panic sell in the game, and so is panic buy. The best thing to do is to know when to panic sell by reading the charts very well. Anyways I'm in no support of panic selling.

Panic selling doesn't understand the chart and doesn't know the rumours and news will only be a regret in the end, but when these things are well understood and known with research, selling and buying are not in the panic category because he will do it more calm and good confidence.

acheampong64

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Well, personally i think we should say how to know when to panic sell. Fact is that, trading always have the panic sell in the game, and so is panic buy. The best thing to do is to know when to panic sell by reading the charts very well. Anyways I'm in no support of panic selling.

Finestream

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Quote from: Landak on April 03, 2019, 12:03:49 PM

because if we panic, we will make a very detrimental decision, therefore we should not panic in any case, including when we see bitcoin prices drop when we buy bitcoin at the current price, it turns out the next day falls dramatically. keep calm and patient and NOW we see the price of bitcoin being raised again.
the key is to control our emotions.

Exactly.Controlling our own emotions when trading is very much important to avoid panic selling which will really make great loss in the end.It's a natural phenomenon seeing the market in a low price but this is just a temporary one that is why we should always stay calm when bearish comes and keep holding our coins to avoid losses at the end of the day.

Isiaka208

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My tip will be; lessen greed while making position,and lessen greed while taking profits. This is another thing that define a serious trader.

radjie

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Quote from: mrdeposit on April 03, 2019, 09:47:39 AM

Quote from: wall101 on April 01, 2019, 08:04:21 AM

For those panic selling are those people in weak hands and can't take for long term as i see its danger to hold also if the market is in bad situation and it will cause a problem for your coin to drop the price.

Already, panic sellers finished sell their money at the end and coins begin to gather in stronger hands. The price pauses somewhere because there is not anybody to do it anymore, and it does not go down without reason.

yes, from someone's panic, it can actually be used by real traders and big players to buy more at low prices. coins that have been sold by panicked people will definitely change hands and the coins they collect can be held for a long time so that the price of coins (Bitcoin) they have becomes very valuable on the market

Sum24

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Quote from: sidkz on April 02, 2019, 06:39:58 AM

when you pass through and go to the minus you lose money while your money is in tokens and you keep them, you haven't lost anything,

I personally had cases when I sold and went to the minus, but only in order to purchase other tokens, at a good price.

It is surely not good to sell at panic and you had lose only because you were not having enough knowledge and traders are already guide well before getting in that never panic and panic is other name of lose, don’t bother your determination if the price in market is not that high to trade, I am patient enough and I am purchasing more coins at this dip.

d1ceplayer

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Quote from: Naida_BR on April 02, 2019, 05:45:13 AM

On the contrary of the panic selling, there are the strong panic buyers who are afraid of missing out the train and they buy at such higher prices than they could do from the beginning.
I guess that this target group don't bother us so we would not give them too much attention Grin

LOL, I have so many time wondered too why we pay attention to panic selling alone while we tend to ignore panic buying which you called panic buyers and it is true they exist, we exist because I have so many times falls into this trap a lot out of the FOMO and it keeps working against me, same thing happened to so many of us during the last bull run.

We started panic buying when bitcoin was almost getting close to $20,000 because of the fear many of the news and social media created then thinking BTC will continue mooning to 1 million dollars, it was really funny with the magic BTC did. People like us also need advises and not panic buyers alone,

moynul2050

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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.

Landak

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because if we panic, we will make a very detrimental decision, therefore we should not panic in any case, including when we see bitcoin prices drop when we buy bitcoin at the current price, it turns out the next day falls dramatically. keep calm and patient and NOW we see the price of bitcoin being raised again.
the key is to control our emotions.

mrdeposit

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Quote from: wall101 on April 01, 2019, 08:04:21 AM

For those panic selling are those people in weak hands and can't take for long term as i see its danger to hold also if the market is in bad situation and it will cause a problem for your coin to drop the price.

Already, panic sellers finished sell their money at the end and coins begin to gather in stronger hands. The price pauses somewhere because there is not anybody to do it anymore, and it does not go down without reason.

jony35490

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Quote from: blockman on March 18, 2019, 08:37:19 AM

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.

Of course It's very very important to control our emotions while trading or holding crypto currencies. Otherwise we may take wrong steps and for which we may face big losses.

Topic: Why we shouldnt panic sell - page 2. (Read 1144 times)