Bitcoin Forum

Advice which is not just financial but applies to everything business related and even outside business, but we are going to be looking at this from a business standpoint as opposed to just financial.

Let's say that you're selling something online, and you have a supply chain to get the product ready and assembled for you, when all of a sudden, one of the supplies you use is in short stock. Restocking it will be very expensive because its price has gone up, but there is a bigger demand for your products. However, you do know that the price of the supply will go down if you just wait, but you may run out of inventory before then, but you don't know if you will.

Let's say you panic, and make a large order for the supply. Then all of a sudden, for unrelated reasons outside of your control, your sales tank. Now you are stuck with a giant amount of supplies that you can't offload, because product sales have slumped.

On the other hand, lets say you wait, and the prices either go down by themselves or you manage to find a special discount deal. So you turn out to be just fine.

It's the same no matter if you are trading crypto, doing a business with crypto, selling stuff for crypto, etc.

Anyway I just thought I might share this with you, because panicking and rushing to do something can be costly sometimes.

Rushing is one of the reasons people lose in trading. They want to rush in money making.

Let us say you have $2500. Why trading all if that is all your money. Using $500 or less is enough.

Do not use more than 1x leverage

If you will use averaging, it is better. You can start the position at 0.2x and end it with 1.5x for altcoins or 2.5x for bitcoin.

Analyses and indicators are necessary

Money management is necessary

Perhaps you're correct, but let's also think rationally.

How about this phrase "Desperate times calls for desperate measures" ? Don't you think it applies too? For instance you got a lot of demand but the demand is measurable to an extent which means you can order or buy for the exact quantity you need as if waited for some little more time you could loss more. But the only disadvantage here is cost effect. I also think you one can take the risk and buy.

Let's apply this to the crypto market for someone like me who's holding and not trade, I believe in times where your income is not stipulated or solidify hence you receive a payment that you might use for other important stuff if you wait for an additional time to buy but if you buy even with the cost effect it will save you from not buying at all. So I think rationale should be put into considerations too, discount is good but when you have to buy in order not to loss everything then you should take the risk. I know the crypto market is quite different from real life market but it's more similar.

Let's discuss

This is a bit different from what OP was talking about, you buying in crypto market no matter the price of it you know that it will actually rise (discussion centered on bitcoin) and since you have money on you, you buy even of the price is fluctuating because you know it will increase in the due time and you take your profits. Even with this certainty you actually applied the cautionary measure of using funds you can afford to lose. Had it been other Altcoins you will have wait for a price fall rather than buying the pump.

In the example above, the OP stated that the supply was definitely going to drop but the question was when, but still going in was more of a risk that shouldn’t be rushed into. No sales at all is better than selling in loss.


In a situation like this you’re definitely sure that the supply price  will reduce In due time but don’t know when and also not knowing the exact time your inventory would drop or finish, as someone who wouldn’t want to lose his customers at this time it is best to simply go in for a little supply that you can bear the risk or wait for the supply price drop leaning to the remain inventory

That phrase usually works if it's a do or die.... if you completely have no choice. In trading, you always have a choice  ;)

In other words, do not buy due to FOMO or panic sell if you are a long term hodler. Patience is key at times depending on your strategy. Above all i think the one of the biggest players in trading is risk management. Any form of trades we make are a huge risk. The question is how do we manage the risk if things go south.

Traders often click the panic sell in desperation when they see price falling while one who is experienced will look it as an opportunity to make more profitable. We should be able to think clearly in high pressure situation for that we need clear vision of what we are trying to achieve.

To ease things for traders always choose the less risky trading method which is spot long term trading any other method is risky.

Most traders are not aware of the existence of risk management. That's their biggest mistake. When you are managing big money, you should decide the risk levels for each investment in your portfolio. I guess I don't need to tell you that it is super stupid to go all in in one asset, or do I? Many people don't even have this basic sense when they are making investments or trading. Having a diversified portfolio is wonderful. All you need to pick "good" assets and avoid the "bad" ones so you can add more when they go cheaper. If you invest in a bad asset, you'll sell it as it goes down which is the quickest way to lose money.

Well, it's pretty basic what you are trying to say. I think I understand what your approach is.

• Don't FOMO - Because there might be problems with the supply
• Panic buying can produce problems in the supply.

I believe that's what happens if you decide to go with the flow. You need to approach it in a different light.

When we rush to do things, then it's obvious that we are going to garbage in as well as garbage out of it, but in other for us to avoid making some costly mistakes, we need to make sure that we try every possible means to ensure we don't give room to what may led to having such, and this is why it is necessary for us not to rush in making decisions upon whatsoever thing we are doing concerning crypto.

When dealing up something like business or investment then any act of rushness or having that kind of impulsive buying or accumulation just because you've been able to see that theres a surge of demand but
ended up on having that tons of supplies just because the sales had plummetted for whatever reason it would be resulting into that kind of situatio on which we know that we dont really like for it to happen.
Rushing up would always be ended up on having that possible disaster.Although there would really be those unexpected or sudden things that do happen no matter how careful we are but still it would really be
that d ifferent when you do really have that kind of assessment on things on which you should be careful and well planned rather than on making yourself that rushing up into things into different
ways or methods just because you do believe that you could make easy money with it.

Many people still can't differentiate between finding the right time and being in a hurry. Most people lose money in trading because they are in a hurry, they are impatient, they are confused and just want to chase instant things.

in trading.. skills and patience are really needed, those who are impatient will definitely suffer big losses because they are not on time, here i see that people who are patient when trading definitely have good profits compared to those who are impatient, training yourself not to rush is actually quite enough easy, it's just that many still prioritize their greed.

Trading is a long term preparation, so you need not to rush in your decision to trade but rather always stick to your plan. Buy when you know the price is right, not when you want to ride a hype. Sell when you think there’s a need to sell, especially if you are seeing impressive profits, but never sell due to panic and pressure. If you can follow that, you will never end up such consequences in trading, but will probably experience high profitability instead.

Patience with your trading journey.

You learn it the easy way or through failure and loss forces you to learn it. I used to think that being patient is about sitting and doing nothing but that is not so.

A trader can reevaluate, strategize their trading methods. Patiences is a difficulty thing to have and when you get it right, you will see that your patience paid off.

Patience as a trader also learning and getting good at your job. Nobody started trading to fail, therefore, get patient. Impatience leads to impulse buying by the trader where they shouldn't have.

To panic in the face of pending calamity is the first death to be suffered, before the calamity actually happens.
That's why those with military training or lived in military environment understand that being calm and calculated in the face of danger or pending calamity is not a guarantee that one goes down, but such situations can be turned around to good benefits, only if one remains as calm and calculated as possible.

Slow and steady also wins the race as many folk tales would conclude saying and when it involves trading or financial management or business, one should learn to sit back and relax while letting things play out positively, mostly when losses has been incurred or in the process of being incurred.

I agree and thank you for reminding everyone. Mostly, this is for everybody but I'd take note that this advise will directly hit the newbies out there. Before diving into the market, they're in a hurry that they're going to be rich investing their twenty bucks to meme coins. Well, if they are fortunate then it will grow that much but don't get hyped with social media posts that you see that someone who invests little and then they're able to earn that a lot, it takes patience to see results and if you're not willing to go extra miles, you'd just see the beginning of your crypto investing journey but not the end of it. And the same goes for the market, these corrections have to happen but it won't be staying at the bottom forever and the same goes when it's already up and bull run.

It’s normal to see traders get desperate and disappointed with how btc price moves since it’s hard for us to hide our emotions in situations like this. However, don’t get carried away with your emotions and reach the point of selling your coins. That will only waste your time and efforts when you are hodling, and would definitely make you lose from your investment.

Don’t rush in making profits but focus more on your goal why you are here in the first place. Everyone is affected with how bitcoin price drops drastically, but let’s just stop there and chose to be more patient while waiting for bitcoin to finally reach its new all time high.

As human, with pressure to get profit or stress of risk of liquidation, we as traders can feel very stressful when market becomes too volatile and we have bad opened positions with temporary big losses or high risk of margin calls.

If we only use Spot trading, stress will be less and it will be better for our mental health and our trading position too. Risk is smaller to trade Bitcoin but risk is bigger to trade altcoins.

Holding patiently for a long time, will help us to feel more calm against market volatile movements, both short squeezes and long squeezes, and can help us to gain better profit and ROI too.

There is no doubt that when you combine, haste, greed, ignorance and overconfidence, you create a recipe for disaster, and a great deal of those that come to this market have all of those flaws, which makes it impossible for any single one of them to obtain profits on the market.

Since even if they had a great strategy to trade the markets, all of that will be for naught as their inability to become profitable comes not from their knowledge or skills, but from their state of mind.

This is good advice, I think we should never make decisions out of pressure, every decision and risk we take should be a calculated risk. However, it is often times not this straightforward. With bitcoin holding and trading, it may be, but not in business.
In a business scenario, the profit may not be all you're looking at.
Let's say you have customers that trust and rely on you, you would be letting them down if you don't deliver and things like this can make you lose customers. It might also be an opportunity to get new customers. When you deliver, this might just be the opportunity to turn potential customers into customers.
So yea, you might make a loss, or not get the desired profit, but in business, even though the goal is to make profit, solving a problem for your customer and keeping them happy is the best way to make profit.


Exactly my point, make a calculated risk.
Get a small amount of inventory and satisfy your customers, even though you'll bear a small loss, it'll be worth it because satisfying your customers will always bring more customers and businesses your way.

The phrase that in order to reach your target that you shouldn't rush is true but it doesn't apply in every decisions and businesses, because it's also said that delay can be dangerous, so there's some kind of businesses can give you the liberty of waiting, while others requires quick decisions. In crypto trading I guess that waiting and not rushing to enter a trade can be rewarding, because the market is volatile and it's not easy to speculate price, but there are some businesses that if you're not able to make quick decisions, someone else will and you'll be at lose. I think that the kind of business or situation that a person is in will determine if they need quick or slow decisions.

Moments of panic are sometimes detrimental, sometimes also beneficial due to luck.
Indeed, panic situations have a more detrimental impact on traders' mornings. but there are also situations of panic from traders who bring good luck. Panic situations are common among novice traders. when they buy an asset and a moment later the price drops or rises drastically. panic when finally selling at a loss has a negative impact. but panic when selling when prices rise brings good luck.

The panic situation experienced by traders indicates that traders are not good at analyzing and planning. This panic can make wrong decisions in panic selling or panic buying.

Successful business owners do not make decisions under pressure or in a hurry because every decision matters and can cost the business, or yield profit for the business.

There is always pressure that comes with business ownership or being an investor, and if you are unaware of this pressure, you will be susceptible to acting, taking actions, and making decisions under its influence.

It creates an adrenaline rush and makes no good in making decisions. No way to see success from a person who keeps rushing and panicking as this is not a behavior of being a successful person. Decision-making should be timely and analyzed, it is not just we draw and if we see no good, we just simply erase it and are still okay. But having into trading, every decision we make has results which could influence our target. That is why we should carefully make decisions and should not be done with desperation and rushing because this is usually the reason for making it wrong.

Keeping yourself in a rush on something that do talks about investment or something those opportunities that do focuses on making money or profits then its not something that recommended on having this kind of mindset because instead on making yourself that being focused on what must be done, you would really be hurriedly making  yourself doing up things which it might be that out of control on which it would really be causing tons of mistakes just because you cant really be able to assess yourself well because you are in a rush. This is why it would really be that recommended that on whatever the things that you are getting involved with then dont make yourself that be in a rush but instead you should really be assessing up yourself well on what are the  things that you should gonna do so that you wont really be that
making too much mistakes because this would really be causing up that soo much error which causing up losing too much money.

There is no doubt patience is the best thing in every field and everywhere in life but still we have to understand in some cases we need to be rush because without this we can lose many things while we are sitting in market we have to make things which bring short term and long term profit while this is important we had to decide few quick things but in few cases we have to check many things before having decision.
No doubt every successful businessman having his own terms and conditions which helps him for having things favorable, but in crypto case we need to be calm as already mentioned.

Beginner traders might still be acceptable doing that since this feeling or emotion is still new to them. But I guess for old traders, I can tell they’re already less affected and won’t end up panicking easily just because bitcoin price is bleeding. That proves experience is really crucial in trading in order to learn to control emotions most especially when the crypto market is not in a positive condition.

Rushing to be in profits will never work for bitcoin. Note that bitcoin is good for long term asset, so anticipating immediate profits for bitcoin will always end up as a frustration.

when it comes to panic, is part of our behavior as humans, and in most situations, nothing kills faster than panicking, In every situation, calmness should be considered before action because if you take action before observation, that is why the example you gave about the military is a perfect example because you can be unaware so as a military man, you have to always be prepared. and we must not be in the military to know what step to take in a situation, The world has changed and things are more challenging now We do not need to panic we need to improve our survival instincts, and that way we will know what decisions to take rather than panic.

The condition will arise and that is why before they arise I make certain plans even if they don't work I don't mind but the thing is that I know that I would have tried to make plans.

That’s correct, everything must came from a studied and wise decisions in order to stay in business and of course to approach properly. There’s always pressure, stress and problems on any business or even with your investments, and the only difference is on how you will handle it. If you’re professional enough to handle that kind of scenario I’m sure you’ll grow more. There should be no rush on anything, you must have more patience and trust the process.

Also, if you have no passion on this activity, you would easily feel stress or being burnt out on what you are doing. So before you even start, contemplate if this activity is you really want to do. Because it is not an overnight task to learn the market but as you go thru this journey, you will always need to learn the different projects and acquire necessary info to make a sound decision in every trade.

Things to consider when you execute your trade -
> have you at least check the project's current progress?
> liquidity / availability in other trading platforms
> team visibility
> future plans / developments
> how active it is in the trading world?
> popularity / are people talking about it?

On their current state maybe but before, they do. No one is born to be successful immediately but it takes a lot of hard work and other positive traits for one to become. Maybe there is also successful people who are now able to do it successfully due to the experience that they already developed.

We know that their lives are always busy and they are used to this already. If only we are organized, I think we can minimize this pressure. This is better even though like I said earlier that some can still do better despite experiencing a pressure. I don't think there are people who are not aware with it and those who said are not are only lying.

This is definitely true for HODLers, but I think the OP is more concerned with not rushing into trades, which take place on much shorter time frames (minutes, hours, days).

A HODLer does not struggle with all the emotions, as he is usually convinced that the asset will recover. This is a completely different issue in trading and is a decisive factor in winning or losing a trade. The poster below you described it quite well with "panic", which definitely applies if you want to try to save your failing trades head over heels. This usually goes completely wrong.

What you say is very true, and this is because they don't understand trading well so they will feel panicked when they see the market condition has decreased after they bought it, but for those who have experience of course there are those who take advantage of this situation by buying and will hold it until the price increases again and you can make a profit from holding it.

Because it is impossible to know for sure the movement of Bitcoin prices, I think it is difficult to make profits easily and it would be better if we wanted to hold Bitcoin, we could hold it for a long period of time and we must be patient in order to reach the target.

Especially those who are new to trade who do not have much knowledge about trade are not aware of the risk involved in trade. Gaining enough knowledge about trade before trading then we have to trade. In trading, we must have a long-term plan. Many times I see that we trade too hastily. If we trade in haste, our losses will increase. So we all must look at the long-term plan about the trade and check the market and trade patiently, surely we will get proper success through this trade in the future. Another important thing in the field of trade is patience. Many times even big traders lose patience, so we must be patient without losing patience. If we keep trading, we will definitely become successful traders one day.

Nothing comes by adopting a quick way therefore try to be calm as if you wait for the better you will surely get better. Some people come to invest in crypto because they want quick profit but crypto will not make your dreams true until you get ready by getting all necessary knowledge.

Some people use their whole income or pension fund to invest in Bitcoin or other coins but I think it will increase the risk but if we put little amount then our risk will be minimum and we will manage all the things with great efforts. Putting all money cannot make you quickly rich so use your mind instead of using an extra large sum.

The only reason you are putting that unnecessary pressure is when you start to focus on the money as oppose to focusing on  the process and developing good habits. Because once you focus on the money, you become fearful that the running profit you are having could be taken away from you. So you cut your winning position short instead of holding it.

Because of that you are moving your TP closing and halving lesser risk to reward ratio or worse, you get negative risk to reward. The only step to stop that cycle is to focus on the process. Focus on following your plan and the money will automatically follow.

You are right, those who panic or rush tend to be on the losing side most of the time. It only happens to extremely lucky people where they might panic buy or rush into an investment and then still manage to get some profit from it because generally, when we see people doing FOMO in the cryptocurrency market, they tend to be at a loss because they buy at the wrong time and then they don't get enough time to sell their assets and they see their investment losing value right after it is made.

So, it is important for traders to understand that patience is everything when it comes to making trades or investments or running a business. You should have three things to become successful, patience, critical thinking abilities, and quick decision making skills, if you have all these, you will mostly be successful in what you do.

Whoever does anything in fear might end up making wrong decisions, and regrets their actions, because whoever rush in will rush out with great loss. Patience is what really matters in trading and we should not allow greed allow us make hasty decisions when trading.

Rush has made a lot of traders make great losses, which assuming they didn't make such hasty decisions, they would have been able to manage their losses. Also don't enter the market when you don't understand the market. Risky business like trading needs time. Newbies rush into trading and rush out after they have lost it all.

There no hidden truth about what you have put down here, like seriously when it comes of business there are people who needs to go business school because they aren't making things right due to desperateness or eagerness to have a particular profit from one or two sales but something settling for the little is mostly profitable, I mean if a product was sold for 2$ and after few minutes it the shoot to up to 3$ without knowing that after some while the it drop severely.

I will also like to use this medium to relate with what I encountered few days ago when I want to go get some things for my family. Using what I do buy for #15k  was increased for 18.5k at a particular mall and is was like it this for real? Without knowing that it's because they are having much more purchase order than before so, the next thing they do is increase their sales price. When I discovered than it was only increased in that mall I had to change to another and surprisingly it was even sold for a price way cheaper than the previous and I ended up buying it at #13.5k that was how I had to stop going on that particular Mall.

You know people are always impatient in whatever thing they are doing and they felt keep increasing their trading capital could give them the required profit they mostly needed and by this way using 2500$ is really not wise, we should always considered the risk factors first because when there's no other sources of income it could be very hard to restore back the amount especially in case when someone can't fund such amount again.

This cant be helped, it is a common mistake of traders now a days, as many beginners has influenced by what they are seeing in internet or social media platforms about traders or influencers who promotes trading showing their luxurious life and making trading looks easy, thats why it will also give an idea and hope to the beginners that they will eventually attain that luxurious life if they trade and trade which is not, thag is a misleading what of influcencing people in trading, I also experience this kind of rushing and losing money, because I hope that someday I will hit a big jackpot but thats not the case, in trading every earning no matter how big or small is very important you just need to accumulate it and minimize the losses in order to have a good profit. Patience and hard work are a must and important in trading.

I agree with the title of OP. Because in trading, we really need to plan. That's why a lot of traders use charts and set up the target, entry price, and stop loss.
After that, they will try to control their self to stick with the plan with no rush. It's kinda trust the plan you made at the time you entered the trade.

There is no doubt that consistency is something that can make you successful in any field of life. People who give up easily and are afraid of failure fail to understand that failure is the first step to success.

Self-confidence is a good thing but overconfidence can hurt you. I have seen many people who say that trading is also a learning process. There is no such thing as learning and trading where you just go and buy some coins and wait for a while you will profit but this is the opposite of reality and because of such people, many people who start trading on believing what they hear also face failure.

So, it's important for people to know that learning comes first, and you should only start trading once you have learned everything necessary.

That's thoughtful of you to bring this out from a different standpoint for people to understand better. I've iterated the same thing many times on this forum, especially for those who do not understand the rudiments of trading and investments but just forcing it. They often engage them anyhow, and maybe a standpoint like this will be an eye-opener for them to know what trading truly is and change their ways. Whether physical/offline or online, or risky or almost guaranteed dealings, we should all know that the same business sense is applicable to all of them. But the fact that the scope of trading and investment like cryptocurrency is so informal to the point that anyone can just decide today and start participating on that very day is the issue. This doesn't make many people appreciate it, learn it as they should and engage with it the right way.

Hence, this is the cause of the losses of the majority since they are not able to be patient, think and give it all it takes, which is why they need to change their ways. There is no need to be in a rush, and first, the buyer or seller must be experienced, smart and speculative in nature. You do not just buy any asset, you must first know it will rise or fall, and that is where the speculation comes. If you buy your crypto through investment or trading, you must ensure you have the right margin and managerial plans that will cater for your intention and never buy when the price is too expensive or at the peak unless it retraced. The same goes for the selling, you sell upon the right speculation and still resist the urge that states otherwise.

So it is very important in trading that there is knowledge, it is not possible to know it, and if zero knowledge is good it is not good for a large capital to try to deposit in an exchange. Just start with the small amount first.

Then add to the profit you get from trading because of what you learned here as you study it. Just what you plan or target, you should go first. Just always be patience and vigilant too.

Experience has taught me that behaving in such manner shows how inexperienced that person is. It's not as if it's a bad idea to manually close one's position but doing it in panic is what's bad. Every trader should define their risk level before pressing a trigger on trades and when that's done they should stick to their gun and wait it out. In this industry, patience is a virtue like they say.

This is a good approach and a good advice, a lot of people try to get rich as quick as possible and most of the time that is not a good idea, you should try to avoid that as much as you possibly could and what you do with the time you have is the best thing you could do, take your time.

I believe that a lot of people try to do their very best in most cases, but that usually ends up with them not realizing the mistake they are making, which is why it is smart to just avoid all of that, and try to be a lot more greedy. Don't be greedy, don't try to 10x your money in a week, that is usually something that will make you lose all your money and you should consider how you could do a lot better with some time, and that is how you should approach it.

With all the experience we actually can sense whether the fall is going to be deep or it's just a normal bump and dump even the value of 10% dump can be considered normal in the cryptocurrency. For a crypto trader that should be the minimum tolerance level cause that's kind of everyday volatile range and if they are going to be panic every time then I recommend not to trade at all.

always have a short, medium and long term plan when trading because usually those who lose when trading are those who don't have a plan

I am not someone who is active in trading but I know that trading is something that has the potential to lose so it is very necessary to have a plan for every trading activity

Tolerance of price fluctuations depends on the asset being traded. in fact, every trader has a target.
The thing that often makes traders fail to reach their targets is panic. only after traders have experience and skills in carrying out analysis can they provide confidence to remain calm and patient with the targets that have been determined.
in case of panic experienced by traders, more of course are inexperienced beginners. Information about not panicking has actually been obtained by novice traders. but they cannot consistently implement it. Again, it's the experience factor.

You should really be having that target or goal so that you would really be having that kind of inspiration on the things that you've been dealing with and you cant really just that make out some trades without having that kind of goal on which of course it would really be better that you should really be doing this rather than on having nothing at all. The main issue for most people on here is that there are those individuals or traders who are really that rushing up on making money on which they would really be missing out on doing the basic or must done things before they would really be able to hover themselves well into this unpredictable space.

On the time that you would really be rushing up on things without any proper preparation then you are really just that putting up yourself into such potential condition on which loses would really be that more
compared into the moment that you are making money. Usually newbie would really be having that common approach specially when they are really just that new and doesnt have much idea.
But well sooner or later you would really be realizing about all of this on how you would be needing to deal up with.

I remember during the pandemic when you compared crypto trading with business, at that time my friend took advantage of this opportunity by selling masks. because at that time masks were something that was really needed. However, because of his greed, he bought up all the masks without caring about the future price and soon the masks slowly became unnecessary and he lost money because he bought them at a high price and a few months later the price returned to normal. .

So I agree with you that trading and business psychology are the same because they refer to our mental and emotional state when making transactions. It will also cover the thoughts, character, and behavior that influence success in commerce and business.
 
In the context of trading, trading psychology is the ability to control emotions when facing price fluctuations.
We as investors have good trading psychology so that we will not rush in making decisions even though there is turmoil in the market, and because we will remain focused and consistent with our trading plan. On the other hand, those who are weak in trading psychology and are too hasty are often influenced by price movements, media issues, or analyst opinions, so that when making decisions they tend to be wrong and risky.

This is true, we need to realize that it is not going to be a simple thing to make a profit, and if you end up rushing into profit you will lose. The reality is that a lot of people see others who made a lot of money online and they want the same thing, of course they do not get the same thing and this makes them super mad.

I think it would be quite good and understandable that we are going to get something bigger out of this and should be important in the end. We can't make it work any other way, we need to just focus on what we could do, and that is how we could get better eventually. Not a lot of people see this possibility and they are not willing to wait for it, if you are not willing to wait then you are going to end up losing.

Hmm, rushing is not bad in my view, why? because you know sometimes people just keep pushing themselves in the thinking trauma and they don't put effort to grab the opportunity, TBH Rushing is necessary to obtain the desired results, i.e people who rushed in buying the great dips of last week made good short term profits and made good long term positions.

Haha I don't want to oppose everyone's views but people just start making recurrent posts if OP and someone else below OP agrees on Op's views, The rest of the people change words and start making the same comments, my target is this post is to mention that rushing can be good as well, just don't rush behind shit signals in greed.

That happened to me many times I've panicked and sold my most valuable asset ethereum last decade and suddenly I realized how painful it was seeing that the value right now has reached 3k.
Many what ifs came to my mind, and I might enjoy more profit these days if I value patience and time.
Regrets really hits harder after certain situations arise, so it's very important to hodle trusted asset instead of keeping shitcoins. It's because, literally my other holdings until now didn't gain a good value and in fact it became worthless. Hopefully I sold that first, maybe these days I didn't encounter challenges that affects my mental health and well being.

You nailed it. Having to make rush decisions and actions will bring no good, but only failure and losses at the end. Just take one step at a time, know that there is no competition to reach our goals, that’s why careful and long term planning should be encouraged. And as much as possible, always try to weigh things first and know its consequences or advantages so you won’t have to regret in the end. And most importantly, stick to your goal so you won’t end up doing the wrong things throughout the process.

I think this issue you just mentioned just needs some experience at backend to cater. This is because sometimes you have to rush really in order to get a good deal at the right price.

Now the question arises when to rush and when to not?  This is where experience will come into play. It'll lead you to the critical thinking stage where you'll get enough skills to realise whether I should rush or not.

Actually it can be avoided. A simple set order can make you a good trader. Example you are selling btc at price 64k or 64.5k you set that order. Now when it got filled up. You are already have a usdt or stablecoin, now go to buy order and set an order of 60k price, no matter what odds of your order just set it and wait until it get filled up. Now when you have btc again set again on amother target dont waiver until it got hit. Simple as that, you dont lose by being patient.

Always grab the market hype and get a ride with the trend, this thing is the same in the pandemic era because people just ignore first the use of the facemask and later on the supply soared high and the price too so most of the business-related into health now gets a good income, the same thing that OP said, you don't need to get over supply if the demand is too much because its will be take time to get sold, make increase the number of supply if the market seeks more with the item only in your store. The same thing in trading, you don't need to aim at the top profit immediately make sure you are aware on the news because it has a large impact with the market.

This would really be a test of patience and frankly speaking majority of us arent really that patient enough on holding that order for too long. This is why some people wont really be sticking out into their initial plans
just because their emotions had been stirred up and this is why they would really be making out some other steps or decisions and this is why they do mess up their trading just because of those alterations on which if they should have stick into their intial plans then they might be able to make money but of course there's no way on telling on when it would happen considering this market is really that dynamic and there's no way that we could really be able to know on where it would be going into the next minute.

Whenever we are seeing the market is going down which is way more than on your entry point then you would really be tending to cut losses just because you have believe that it might be going
even more deeper without even trying to look that its something that would really be making out some recovery later on.

It is because of this that I think the mental aspect is way more difficult to master than the technical aspect when it comes to trading, after all it is not as if trading itself is an awfully complex activity, as at its core is relatively simple.

However the really difficult thing to do is to master your emotions and resist selling your coins when everything seems to be going against you, if you can do it, then it is just a matter of time until you can master TA and obtain the profits you are looking for.