If you have some tips in additional then give some. Lets all help those who are in confusion right now.
You forgot one of the best weapons for trading, the STOPLOSS. Stoploss is the way how we will minimize our losses, we usually doing stoplosses for example our chart is invalidated, broke the support if we are on a long position or broke the resistance if we are on a short position. Thru Stoploss, we can minimize our loss or we are far from liquidation (if you are using leverage exchange). 
Topic: Why we shouldnt panic sell - page 9. (Read 1161 times)
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.
That's the easiest way to lock all your wallet into lost trades ending with bag holding shitcoins.
People do not zero their wallet due to panic selling. They are doing it by panic hodling.
All your rules are worthless.
Proper rules to EARN on market constantly:
-Open trade only if you know when will you quit it in worst case and if that loss is acceptable.
- Quit your trade as soon as you see that its not going how it should even if its way above stoploss or way under price you would like to sell
- Never ever PANIC HOLD
- (- always think that its not yet a loss if you dont sell it.) - that's bulls**t that works only is strong bullrun. You should think that all your money invested is 100% loss unless you sell it to $.
We should not panic sell. That's true. We should sell with our strategy (min acceptable price to sell set before opening trade) or don't buy at all, that's what you did not say and it's the only reason for not panic selling other than panic hodling..
- always think that its not yet a loss if you dont sell it. - Tell that to biconnect investors. Tell them that they did not loss their money. Tell that to every investor that invested into project that was delisted from exchanges and finally died.
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.
Not a logical decision if prices crash more than we can afford as a balanced trader. Many traders prefer to sell and exit from the trading position while it is in the second stage of loss(less than 50% of stop loss).
The negative effect of panic sales tell much on the market price at the time of sales and shouldn't be encourage. This has effect both on the investors and sellers inclusive, the state of the market price three (3) months ago was as the negative effect from panic sellers and bad news that were feeds in. Remember, those panic sellers will always regret their actions when cryptocurrency start its bull run.
Most of the traders want to make quick profits. When the market drops suddenly, many of them get panicked and sell their assets, as a result they suffer huge losses. All those who have been trading for a long time must have noticed that after dropping sudden the market recovers again, so there is no need to panic.
This is basically how markets work in general. Why do you think it takes years for price to climb in a bull market but it only takes a few months for price to fall back to the same level? Its due to fear. I am not talking about Crypto here but stock market in general.
Look what happened at the end of the year to the stock market. People were reading the news and seeing news articles about "2008 like recession coming back" and they all panic sold all their stocks in the red. And then it all quickly rebounded.
Its easy to say.... "just hodl" however if you got real money sunk into this then its not as easy as it sounds just to ignore the bitcoin price and move on with your life. It will affect you and every day that it goes down 5%, eventually you will panic sell to stop any further losses. And this usually means that the bottom is near.
Look what happened at the end of the year to the stock market. People were reading the news and seeing news articles about "2008 like recession coming back" and they all panic sold all their stocks in the red. And then it all quickly rebounded.
Its easy to say.... "just hodl" however if you got real money sunk into this then its not as easy as it sounds just to ignore the bitcoin price and move on with your life. It will affect you and every day that it goes down 5%, eventually you will panic sell to stop any further losses. And this usually means that the bottom is near.
If you are in a difficult situation the decision taking will always been your panic that's why the mistakes are not solved at this situation we could not take any decision at the moment will be the good idea because if you have decided anything at this time most of the time we cannot make the right decision and it will end up with huge loss only.
Yes if we don't have the confidence about the market then only the panic will came to us I think it is the main reason for taking unwanted decision also for the future if you panic and sell your investment now it will continue to affect till the future of yourself so my opponents don't take any decision if you are in fear about your investment.
Most of the people lose in trading because they act with emotion not with logic, and when emotion control the trading then the result will be bad, trading is not too stressful if we got the correct mindset, losing in trading is a common things, the most important is to learn the mistake, and we need to be flexible and able to take quick decision based on the trends and news, for newbie its really important to learn risk management and money management, and when we got the reliable news and enough experience we wont be lure to do panic sell
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.
Not a logical decision if prices crash more than we can afford as a balanced trader. Many traders prefer to sell and exit from the trading position while it is in the second stage of loss(less than 50% of stop loss). 
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.
Actually your emotions play 95% on how you succeed or fail in trading. Emotions are two enge sword and it can safe you from hard loss and also it can makes you to close the winning trade too early. We can all become successful if all of us can predict the market accurately but our emotionals strength is what determines if we would succeed or not.My addition to it is to strengthen your emotion.
90% of trader failed because lack of knowledge about risk management, just like me when i enter to crypto trading i dont know how stop loss work in crypto exchange. Second thing we should be have knowledge about technical analysis, this is important to predict the trend of market.
Risk management is what traders should much focus on in other to be able to make profits from the market. I think we should not put more than we can afford to lose but many out of ignorance do that and that is why they keep losing. 
I don't think this is a time for us to tell people not to panic sell anymore because I believe we have already passed that stage.
Anyone that is thinking of panic selling should go ahead but he/she should know that they are going to be the one to regret it when we begin to see a bull run in the price of coin, because I don't think any panic sell at this moment would be able to cause a dump in price because a lot of persons are now well informed.
Anyone that is thinking of panic selling should go ahead but he/she should know that they are going to be the one to regret it when we begin to see a bull run in the price of coin, because I don't think any panic sell at this moment would be able to cause a dump in price because a lot of persons are now well informed.
That's right a lot of people are being failed because they are panic selling. Don't do what other do because if you are panic selling the coins it cause more the value decreasing and Im happy now because nos panic seller will decrease because if we see the market now they start increasing and Im still hoping for the bitcoin and cryptocoins to really increased the value of these coins.
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.
It does but sometimes it takes so much of time. You shoulsn't just hold for long time since you'll miss the opportunity if there is a good trend to the other markets. Thus, stop loss is very important to avoid panic selling and holding too much in a bearish market.
90% of trader failed because lack of knowledge about risk management, just like me when i enter to crypto trading i dont know how stop loss work in crypto exchange. Second thing we should be have knowledge about technical analysis, this is important to predict the trend of market.
Quote
Almost a 85% of people failed because of human error and not by trading itself.
Do you have a basis on this or it's just your own analysis?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.
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 take hasty decisions in panic, they suffer losses in the end.
If you have some tips in additional then give some. Lets all help those who are in confusion right now.
That's why just trade and trade and trade. Build experience so that people will be used on any difficulties.
Panic selling is a usual and common behaviour / approach of a traders. In other words, even how well a newbie study the basics, they will not avoid that kind of behaviour.
I want all traders to experienced that. Why? In that way, they will really experienced what is that all about and they will work soon how to control it. It's part of a progress. If such case that a trader still can't deal properly with that behaviour after a quiet long period of time during trading, I guess this profession isn't really suitable to them.
Thank you for providing such wonderful individual insights as from yourself. I do agree with everything you said from my own point of view and how i used to buy / sell in trading.
I've been used most of your statements in altcoins trading but i couldn't quite catch up with their prices. Sometimes i would just leave with a negative profit cause i was inpatient.
The feeling of a panic sell is real thus you should think clearly before acting as such. As a wrong move can end up with everything you have worked for till that moment.
Nevertheless most of the new people heading their way to alt trading should understand everything from OP's statements before starting.
I've been used most of your statements in altcoins trading but i couldn't quite catch up with their prices. Sometimes i would just leave with a negative profit cause i was inpatient.
The feeling of a panic sell is real thus you should think clearly before acting as such. As a wrong move can end up with everything you have worked for till that moment.
Nevertheless most of the new people heading their way to alt trading should understand everything from OP's statements before starting.
Panic selling is the worst thing that can be. I've lost money many times because of my emotions. But now I understand that it was my mistake and I try to analyze my actions more in my right mind.
Jump to: