Why we shouldnt panic sell - page 8.

Kimi80

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Quote from: goaldigger on March 18, 2019, 07:16:49 AM

- 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.

Whit assumption that person have required knowledge for trading, stress and panic is number one enemy of making results. People usually react to tragically when are losing money. It is not pleasant but there is no such a thing as being 100% successful. Everyone should work on embracing that fact. You will lose once in a while and should not care to much about it. It is something that is only logical, should thinking about the results on long term. At the same time it is the hardest thing to achieve because our mental state is unsteady, it is different from day to day. If we could tune ourselves as a machines can be tuned, it would be much easier but its not the case. I don`t know how people can achieve absolute calmness but for me, that`s the key reason for avoiding stress and panic, therefore the key reason for better results in trading.

hahay

legendary

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Quote from: jrrsparkles on March 20, 2019, 12:15:26 PM

Quote from: lablab03 on March 20, 2019, 07:54:39 AM

Panic selling is useless wherein can cause market growth rate to continue falling, and it's not safe also in my opinion because if you didn't get the right timing for sure there's a huge loss in your portfolio. And once you panic sell and you noticed that afterwards it's gradually increasing again you will become unable to retrieve all. so we shouldn't panic sell at all the time. Wherein much better to trade what amount you can afford to lose so that we can avoid panicking and we still have opportunity to retrieve all the losses also.

When we are lucky enough after we sold our cryptos due to panic selling the prices tend to decline so hard at that time we feels it is okay to do the panic selling as well.

I really not against panic selling but when someone doing trading for longer time then they should be able to control their emotions and lets decide what they need to do apart from the emotions running on their mind.

Panic selling when you have been trading for a long time and even for a while will only make a loss, indeed we cannot oppose panic selling as long as they are aware and willing to get a loss with that decision. However, what I have seen so far, those who have made a panic selling decision will regret it and they are completely unprepared for all the risks they get.

justdimin

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Quote from: Ararbermas on March 20, 2019, 04:38:18 AM

Good advice mate indeed that's the only way how to stop lossing money especially if we already late to sell off. Panicking is a big mistake and patience is always a virtue. So we should understand the situation because in fact it's just a temporary and so on market will stabilize again and again . No need worry actually!

Sometimes I don’t really know why people panics. It doesn’t make any sense. You started this and you were aware that there is risk in doing it, so why then should you be afraid when the price is falling? You should also be ready to handle the risk as you’re also ready to handle the profit that can also come from it. Buh anyway, I wouldn’t be the type that will make a mistake of allowing myself to lose too much before deciding on whether to continue or withdraw.

Panic selling doesn’t mean that you’re losing or wining, it just simply means that the trader is selling out of fear but it doesn’t say they are losing or not. Sometimes they can panic sell even when they are making profit, because they think that the price is going to drop at anytime. Worst is selling when you have made a huge loss. It’s better to just forget about it and wait for another time.

jrrsparkles

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Quote from: lablab03 on March 20, 2019, 07:54:39 AM

Panic selling is useless wherein can cause market growth rate to continue falling, and it's not safe also in my opinion because if you didn't get the right timing for sure there's a huge loss in your portfolio. And once you panic sell and you noticed that afterwards it's gradually increasing again you will become unable to retrieve all. so we shouldn't panic sell at all the time. Wherein much better to trade what amount you can afford to lose so that we can avoid panicking and we still have opportunity to retrieve all the losses also.

When we are lucky enough after we sold our cryptos due to panic selling the prices tend to decline so hard at that time we feels it is okay to do the panic selling as well.

I really not against panic selling but when someone doing trading for longer time then they should be able to control their emotions and lets decide what they need to do apart from the emotions running on their mind.

StephenJH

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Panic selling hurts both market participants and trader himself. After reaching the loss level that you can afford to lose selling is logical to move by the trader. If a trader wants to hold and prefer to wait for recovery then selling in a panic, the emotional situation is will necessary IMO.

upsidedown75

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I still see most people that panic sell as what they are reaping for their greediness and lack of understanding, trading is not job that guarantees unshaking monthly income like the salary work that we do, trading requires skills, strategies and full learning which is the main problem of some people, they see it as get rich quick scheme and want to commit all their live saving with little knowledge.

If one is to avoid panic sell, the best way is to trade with money one can afford to risk and loose and not one’s life savings.

kurian

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Majority of people try to buy coins when the coins are on a rally. So, they buy high and sell low. This happens for every beginner and they panic sell when coin/ token make a down movement. Buy on rumors and sell on news. This is a strategy i am following. I used to panic sell whenever market shows a downward movement. Then, i learnt from my mistakes and started to be confident on where i invest and when to exit.

joshy23

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Quote from: Noa_Amable on March 20, 2019, 08:42:19 AM

Quote from: omonuyak on March 18, 2019, 11:36:15 AM

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.

You need to keep it in mind that this is a changing pace industry, you need to comply from each fluctuations that happens, with proper understanding you might have bigger chance to gain or to recover some of your loses, don't overreacted if you seen huge falls instead you have to be more realistic before deciding and always be positive so you can choose wisely.

wuvdoll

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Panic selling also creates a sort of hive mentality in people. When the price goes down a bit someone with a bit of bitcoin starts panic selling, and when he sells the other sees the even bigger drop and he sells and the other sells and all of a sudden instead of having bitcoin drop from 4200 to 4000 we have bitcoin drop from 4200 to 3600 because people were too afraid and sold their coins.

They even defend themselves like "yeah but after I sold it went even lower" well yeah because of people like you. If we could find somehow to stop or even find a way to slow them down they will realize its not going down and decide not to sell but since its super easy to sell they do it in an instant and that is why bitcoin goes down so quickly sometimes. We need to make sure panic sellers hold a bit longer and not react instantly.

reda

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Quote from: Noa_Amable on March 20, 2019, 08:42:19 AM

Quote from: omonuyak on March 18, 2019, 11:36:15 AM

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.

Noa_Amable

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Quote from: omonuyak on March 18, 2019, 11:36:15 AM

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.

gabmen

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Quote from: Capt00 on March 20, 2019, 07:33:24 AM

Quote from: Ararbermas on March 20, 2019, 04:38:18 AM

Good advice mate indeed that's the only way how to stop lossing money especially if we already late to sell off. Panicking is a big mistake and patience is always a virtue. So we should understand the situation because in fact it's just a temporary and so on market will stabilize again and again . No need worry actually!

People who easily got panic are usually those weak hand holder and perhaps they are newbies in the world of crypto and there's a logical sign that they are not real crypto enthusiasts. Most likely those people have only wanted a short time profit and can't patiently wait until the market goes up. Well, we can't blame them because that is their belief and afraid much losses. If there's an opportunity we can guide them in a right way.

Yeah they're afraid of losses because they can't afford having their money suspended for a long time. Long term holders very seldom experience panic in bearish markets. Experience plays a huge part as well in having your emotions in check. Sometimes panic can save you losses but more often than not it causes the loss.

alan2here

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Quote from: ethereumhunter on March 20, 2019, 06:53:25 AM

There are no benefits from panic sell because we cannot make any profits. But in reality, there are many people still panic especially when the price is down. Although they have skills in trading, for some people, panic still there and makes them confused about what they need to do. I have those experience in the past, and it makes me getting lost, but then I realize that I should solve my problem frpm the panic sell. So I start to learn to control myself and slowly, I can prevent from being panic.

When the market stabilizes, we can get strong psychology and easily earn profit from trading but when the market has strong fluctuations, our psychology will easily go down and the panic sale will happen. I think this always happens in everyone so we don't need to worry much when that happens. I personally control this by using the trading tool to analyze before selling any coins i hold as it will help you a lot in important decisions.

kkaroul4

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because I'm sure the market will go up and the prices of coins will also be quite expensive so that I can get promising benefits. so in trading in order to get the benefits you want you must still be patient waiting for the right time to make a sale

lablab03

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Panic selling is useless wherein can cause market growth rate to continue falling, and it's not safe also in my opinion because if you didn't get the right timing for sure there's a huge loss in your portfolio. And once you panic sell and you noticed that afterwards it's gradually increasing again you will become unable to retrieve all. so we shouldn't panic sell at all the time. Wherein much better to trade what amount you can afford to lose so that we can avoid panicking and we still have opportunity to retrieve all the losses also.

Capt00

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Quote from: Ararbermas on March 20, 2019, 04:38:18 AM

Good advice mate indeed that's the only way how to stop lossing money especially if we already late to sell off. Panicking is a big mistake and patience is always a virtue. So we should understand the situation because in fact it's just a temporary and so on market will stabilize again and again . No need worry actually!

People who easily got panic are usually those weak hand holder and perhaps they are newbies in the world of crypto and there's a logical sign that they are not real crypto enthusiasts. Most likely those people have only wanted a short time profit and can't patiently wait until the market goes up. Well, we can't blame them because that is their belief and afraid much losses. If there's an opportunity we can guide them in a right way.

Herbert2020

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well so far the last year and a half has proved that most people specially the newcomers don't do panic selling until it is too late. the dominant behavior in altcoins has been bag holding instead of anything else. of course bag holding always ends with a panic sell but sometimes it is a good idea to do a panic sell when you see an altcoin is getting dumped hard on you instead of becoming a bag holder who continues losing money because he thinks if he sells he becomes a panic seller since he read it somewhere!

ethereumhunter

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There are no benefits from panic sell because we cannot make any profits. But in reality, there are many people still panic especially when the price is down. Although they have skills in trading, for some people, panic still there and makes them confused about what they need to do. I have those experience in the past, and it makes me getting lost, but then I realize that I should solve my problem frpm the panic sell. So I start to learn to control myself and slowly, I can prevent from being panic.

Ararbermas

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Good advice mate indeed that's the only way how to stop lossing money especially if we already late to sell off. Panicking is a big mistake and patience is always a virtue. So we should understand the situation because in fact it's just a temporary and so on market will stabilize again and again . No need worry actually!

Osarman

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Quote from: cryptoblue77 on March 18, 2019, 08:50:43 PM

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.

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