- BUY LOW SELL HIGH and get committed to it.
Topic: Why we shouldnt panic sell - page 7. (Read 1161 times)
- BUY LOW SELL HIGH and get committed to it.
At first, every bad deal was very painful for me. I was very worried about the lost funds. But then I decided that this cannot continue. I've learned to part with money more easily. And I noticed that my trade has become much more successful. So on my example, I can say that the panic never leads to anything good.
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.
Everyone knows panic selling is not good decision, it is good to hold and to wait, if you will wait it will give you good result as big profit, investing is only good for those who has patience and can wait till the price recovers faster and makes money for you, so be a good investors and never sell your coin at panic, good time will not take long to come, be patient. Panic selling is a very big risk. At some point it maybe a wise choice but mostly its a big risk. Its like your feelings overrided your primary goal which is to get the highest price or convert to the perfect amount. Panic selling is more like of a bargain to everything you've sacrificed or waited for a long time. Its good to sell. But shouldn't be in a panic mode. Think before you sell.
Does holding our coins for many years makes sense for now? Cause I don't think so. Even we keep on holding never have guarantee that we will be profiting for this strategy. We know how volatile our market and we even not get sure if it work well in the future. Since it have its value why we shouldn't do it? In fact, it is open to buy again if it have a good market trend. legendary
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Sometimes panic selling can save us too. 
Yes you are right also that panic sell sometimes save us from losses or give huge profit. Suppose a trader brought a coin at 1$ then the price suddenly pump to 3$ then he should sell the coin as soon as possible. So more panic= more profit.
Again if the price dumping from 1$ to 50 cent. And from 50 cent suddenly start pump to 90 cent. And dump again to 50 cent. So at thus situation he should sell the coin at 90 cent panic with 10% loss. Then he can buy the Coin at low price again.
So I want to say panic is not good but sometimes it can be good depending on your luck.
Panic selling is a very big risk. At some point it maybe a wise choice but mostly its a big risk. Its like your feelings overrided your primary goal which is to get the highest price or convert to the perfect amount. Panic selling is more like of a bargain to everything you've sacrificed or waited for a long time. Its good to sell. But shouldn't be in a panic mode. Think before you sell.
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.
Sometimes panic sell could help us to avoid further lose but at the other time it could give us regret too. Truly, luck is also play a big role in crypto trading. If we choose coins from projects that we think have a good future, any conditions should not make us panic, but if we choose coins randomly, of course panic cannot be avoided. That is why we have to do an in-depth analysis before putting our money into crypto.
Panic selling is cause by lack of control, being weak emotionally, that could cause a panic selling anytime and I do believe
that most successful traders and crypto investors are those who are let their mind works than their emotion.
Being smart is being able to control your emotion properly.
Most of the points you have mentioned can also be classed as human error because they chose to give in to all those emotional weakness by not working on them first before entering into trading, trading itself is not a difficult thing because if it was, virtually every one on it will fail but the approach to it by the trader is the issue which usually as a result of human error like the ones the OP mentioned and the ones you mentioned.that most successful traders and crypto investors are those who are let their mind works than their emotion.
Being smart is being able to control your emotion properly.
Sometimes panic sell could help us to avoid further lose but at the other time it could give us regret too. Truly, luck is also play a big role in crypto trading.
Is this specifically applicable only for crypto trading or for all other markets too ? Because, this is the first time I do hear that panic selling is good. After the long bear market, I do see many people are regretting not selling around November 2017 itself. But, at that time people may not be in panic but definitely in greed. 
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.
Sometimes panic sell could help us to avoid further lose but at the other time it could give us regret too. Truly, luck is also play a big role in crypto trading. If we choose coins from projects that we think have a good future, any conditions should not make us panic, but if we choose coins randomly, of course panic cannot be avoided. That is why we have to do an in-depth analysis before putting our money into crypto.
There is no point in panic selling, as the market always recovers after dropping sharply. Actually, most traders make this mistake when they start trading and suffer losses.
In the traditional market, what happens is that the vendors sell reduce the prices of their commodities to sell quick as the market activities comes to a halt. In the cryptocurrency market, some of the investors follow the same rule and sell low when the market activity comes to a halt.This gives them negative profits and is not really desirable so hodl in such a situation is very important and one should know these ways of doing things.
Most of the people that should be practicing what you have here should be traders or those that are using the market for payment purpose and not investment or trading, they could sell low when they need to have access to the payment, like me, I do work that requires that I am being paid with cryptocurrency, I have to withdraw it irrespective of the price I sell it because the money was payment of service and not for investment.
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.
trade is the emotional game of actors and ambition, if we want to get profit then we can control our emotions and ambitions, because both will always destroy us in trade, calmness in trade can save us from heavy losses if prices fall we are not trapped in a panic .My addition to it is to strengthen your emotion.
We are trading for profit and we don't use our emotion to be profitable, therefore we should stick to the strategy that could make us profitable, it should be our mind and not our emotion. Not being able to control your emotion will likely result to bad decision.
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.
trade is the emotional game of actors and ambition, if we want to get profit then we can control our emotions and ambitions, because both will always destroy us in trade, calmness in trade can save us from heavy losses if prices fall we are not trapped in a panic . My addition to it is to strengthen your emotion.
I believe that learning to trade should start with working on yourself. We must learn to cope with their emotions and soberly assess the situation.
Agreed on the statement, users suggest to read books, go through the advices and suggestions from the large scale traders who have earned good through trading. Until it gets starting working on one's own there isn't any possibility for learning as well understand the exact market situation. In the act of trading we may lose, but we learn. 
If you have some tips in additional then give some.
One should always know when to leave. When the bitcoin price was at $ 17000, I bought it for $ 17000 and I remember hearing a lot of people saying it would drop to $ 5000. At the time I went research more and sold in the $ 16000. it was a good decision.
because I'm sure the market will go up...
the market may never recover. look at many altcoins, many of them do not return to have the same high price of the past
So, they buy high and sell low.
How will you know exactly that the price is high?
I believe that learning to trade should start with working on yourself. We must learn to cope with their emotions and soberly assess the situation.
Why we shouldnt panic sell?
The current situation's precisely the opportunity to buy superior crypto, specifically those who have a separate strategy in treating crypto.
The current situation's precisely the opportunity to buy superior crypto, specifically those who have a separate strategy in treating crypto.
Whats a seperate strategy ? You mean more than one strategy ? Current situatuon might be good to buy coins because they their price is still cheap but not for some early hodlers . as a early hodler this was already a good time to sell but there is no reason to rush or panic because the market is now stable .
panic selling is the worst way caused by excessive fear of certain things, and usually panic selling's only driven by emotional factors. Maybe this is the stupidest strategy in history.
No its not stupid to panic sell , infact panic selling is also beneficial when the market is in high volatile state . you need to act fast by selling your coins so that you wont miss the good oppurtunity .
Why we shouldnt panic sell?
The current situation's precisely the opportunity to buy superior crypto, specifically those who have a separate strategy in treating crypto. The meaning is we don't have to always buy 'crypto superior' as a new collection in our portfolio before we fully understand its risks and performance.
I think cryptocurrency will have a 'normal' price in the future, and even the price might grow above that, so now's the right time to put money in crypto format.
So, panic selling is the worst way caused by excessive fear of certain things, and usually panic selling's only driven by emotional factors. Maybe this is the stupidest strategy in history.
The current situation's precisely the opportunity to buy superior crypto, specifically those who have a separate strategy in treating crypto. The meaning is we don't have to always buy 'crypto superior' as a new collection in our portfolio before we fully understand its risks and performance.
I think cryptocurrency will have a 'normal' price in the future, and even the price might grow above that, so now's the right time to put money in crypto format.
So, panic selling is the worst way caused by excessive fear of certain things, and usually panic selling's only driven by emotional factors. Maybe this is the stupidest strategy in history.
Yea. In as much as you bought at a price that is lower than the current price, panic-selling will not be a good option. the markets are seeing a hard time now, but it will recover. It's only a matter of time. If you don't sell now, you don't lose anything. What if you panic-sell, you lose. Also, those who panic-sell will really end up regretting it when the market recovers, because the market will recover; slowly, but surely
Loosing in trading should not make us to be panic but of a truth panic sometimes do save us from unnessary loses. This market is one that we can only succeed if we learned how to trade through experience and much loses.
yes, losing is a part of trading. you should remember that anyway trading is a number of positive and negative deals. you can not trade positive all the way.
Sometime we can face continous loss on the fund we invested on any specific coin so please be careful while you plan to sell it. After you sold the coins you may find the price bump in the same coins in few days. That will make you upset on handling trades. I faced this situation many times in the trading.
Try to watch out the speculation before you trade more on trading sites.
That's because there is no reason to make it. We are already started to recover slowly and soon it will move higher and higher which we could get more profits.
Our market changes its course all the time and if we saw a falling price isn't a big reason that we should have to be panic and sell our coins. If we are aiming for good profit, then we should have to learn how to control our emotions and to wait.
Our market changes its course all the time and if we saw a falling price isn't a big reason that we should have to be panic and sell our coins. If we are aiming for good profit, then we should have to learn how to control our emotions and to wait.
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