Topic: Why we shouldnt panic sell - page 5. (Read 1161 times)
Thank you for the input you wrote here. I was very sorry when bitcoin stepped on the price of $ 15000 I didn't sell it. Even though I have 2 btc at that time. In fact, I bought an altcoin which now means nothing.
When the cryptocurrencies have to be falling again and again it will be a huge panic and fear for the investors but it this situation will be the most important time for the investors to stay Hold On and make his confidence more higher otherwise it will give the loss only.
in fact we are tested to be patient. we cannot avoid reality even though it is a very bitter reality. similarly we are tested by the current decline in crypto prices. for me don't stress being patient is the main key. even though I lost a lot when I invested, I kept my assets and I would not sell them so that the price was profitable for me.
right, being calm is the key point. just distract from this issue and you will find a way out almost from every situation.
Yeah don't panic sell only if the coin you are trading is a valuable coin that you believed will still continue its growth despite some blood dip circumstances, start to sell even at a loss when the coin that you bought doesn't hold much of value because that is probably just a shitcoin, in terms of value, you must look what's the purpose of the coin and see if it has a product that can be easily accepted by community because these types tends to go in a long run.
But other than everything, you must learn how to set maximum loss that you can take to avoid getting hurt big time.
If you are a hodler just hodl till you meet your highest expectation, tho it might take too many days or years before meeting your expected price.
But other than everything, you must learn how to set maximum loss that you can take to avoid getting hurt big time.
If you are a hodler just hodl till you meet your highest expectation, tho it might take too many days or years before meeting your expected price.
in fact we are tested to be patient. we cannot avoid reality even though it is a very bitter reality. similarly we are tested by the current decline in crypto prices. for me don't stress being patient is the main key. even though I lost a lot when I invested, I kept my assets and I would not sell them so that the price was profitable for me.
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.
No, I don't think we need to be too focused to get stressed in trading. When stressed, our brains will not work best and it is easy to generate negative thoughts that affect our portfolio.- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.
We should be comfortable and have a cool head. When you're comfortable and happy, your decisions are often very smart and reasonable.
Well sometimes panic selling gets you out of the most dangerous situations even though you lose quite a bit than losing half of it and worst case you're stuck on trading because you need to recover the loses. Panic selling isn't a bad idea for beginners but panic selling won't gain you anything at all and if you develop this attitude to another level I think you're doomed in trading.
I agree with you that we don't need to use emotions in doing tranding, prices that are not according to plan are common in the world of tranding so get used to it so you don't rush to do panic sell, and losing patience is the main key
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.
Gambling and trading are way too different. I think that trading becomes uncertain just because of the down market.My addition to it is to strengthen your emotion.
It is just something that is never perfect. But, you do not always loose in trading. It is a mater of the market cycle.
When the market is good enough with the prices of some of the coins rising, it is always a perfect time to trade. Like the present market which is expected to rise in days to come.
I don't think he's comparing gambling and trading dude. He's saying that there are certain aspects that are applicable to both, like only spending money that you can let go. And he's right. Both gambling and trading have uncertain results and big risks and it involves your hard earned money. Panic selling is a result of seeing money you can't lose being dumped away.
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.
Gambling and trading are way too different. I think that trading becomes uncertain just because of the down market.My addition to it is to strengthen your emotion.
It is just something that is never perfect. But, you do not always loose in trading. It is a mater of the market cycle.
When the market is good enough with the prices of some of the coins rising, it is always a perfect time to trade. Like the present market which is expected to rise in days to come.
Because that's where the good or veterans traders make the most money. It's just a psychology game where the weak sell when they see FUD while those that have strong minds will buy it and accumulate when things seem to look it is over when it really not. Just remember that when you panic sell, you are making rich people getting richer and richer.
At the time of panic each and every decision made by investors will not be going to end with positive that's why the experience people will say don't take any decision if you are in stress and panic.
Panic decisions lead trader to emotional trading mode and there is no other way around. Panic selling can cause the sharpness of downtrend bar that will make pressure for more selling.
I lost a lot of money when I started trading because of panic selling. I made the usual newbie mistakes of not buying at support, being impatient, not doing enough research and panic selling when the price plunged. Almost every single time, the coins bounced back up a few weeks after I sold them. All I needed to do was to exercise a little bit of patience.
At the time of panic each and every decision made by investors will not be going to end with positive that's why the experience people will say don't take any decision if you are in stress and panic.
Panic decisions lead trader to emotional trading mode and there is no other way around. Panic selling can cause the sharpness of downtrend bar that will make pressure for more selling. 
Do you know what I consider the perfect instrument to trade? Well, that's an asset you believe in long term. This way IF you're trading spot you don't need to worry too much if you have a losing trade especially if you're playing with small positions. But you should always good risk management. If you have a set in stone stop loss you won't ever panic sell.
Of course, if you have assets, whose prospects you are completely sure of, then it seems to me there is no point in even selling them. Such assets usually need to be left for long-term storage a comma because when using daily trading and, in certain situations, such opportunities may be lost. 
Do you know what I consider the perfect instrument to trade? Well, that's an asset you believe in long term. This way IF you're trading spot you don't need to worry too much if you have a losing trade especially if you're playing with small positions. But you should always good risk management. If you have a set in stone stop loss you won't ever panic sell.
At the time of panic each and every decision made by investors will not be going to end with positive that's why the experience people will say don't take any decision if you are in stress and panic.
The fact is that the panic mood of all users of cryptocurrency will be intensively used by those who are always trying to manipulate the cryptocurrency market. The information space is very often used for that and therefore we must always carefully select the truly truthful information, and only take it into account.
At the time of panic each and every decision made by investors will not be going to end with positive that's why the experience people will say don't take any decision if you are in stress and panic.
Panic sell can be good or bad thing according in which level we bought the crypto. Panic sell will be good in the end of 2017 and can be bad thing for now because current situation of market is oversold and have opportunity to rebound. Now its times to hold and dont panic sell. When price high we dont have idea when to sell it because difficult to predict the highest price so use trailling stop will make safe our profit.
Whats trailing stop ? Is that a new trading strategy ? I never heard of it before . oh well, i agree on the rest of your comment that panic selling is time dependent . we must set our goals or if what price point will you sell , for example tommorow the price can go 5k usd and you goal is 5k usd , thats the time you will do panic sell because you never know if the price can fall again or not . just always secure your profit than being greedy .
Panic sell can be good or bad thing according in which level we bought the crypto. Panic sell will be good in the end of 2017 and can be bad thing for now because current situation of market is oversold and have opportunity to rebound. Now its times to hold and dont panic sell. When price high we dont have idea when to sell it because difficult to predict the highest price so use trailling stop will make safe our profit.
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