Trust you trading experience and don't panic

[lordmick]

Successful trading requires a lot of time, concentration, and most importantly constant learning. The trader learns from mistakes. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. In order not to sell on the red market, I always set a stop loss.
Do not believe anyone, there are no authoritative opinions in this market. Learn, rely only on yourself and your experience. This is Wild West!

[1714698851]

1714698851

[BTCHadzija]

It's easy to say 'let's stay strong', but when the price is keeping falling it is hard to stay cool head. I can suppose what is moving those people who can't hold and panicly selling their coins, they think 'at least I will have that much money than nothing'. It is OK in the case if person was just collecting coins, for example from signature campaign payments, but if you invested in bitcoin, especially on higher prices, the lose is going to be disappointing.

That's why you have to have a risk management system.

If the prices are constantly falling (bear market) exchange your coins for tether/USD or other stable-coins. There's no reason to watch your portfolio bleed everyday and you don't have to be a day-trader to do this.

I've recently added a new tactic to my trading - invest in coins that are in a rally, e.g. making higher highs and higher lows - now, everytime they reach a new higher low, I move my stop-loss up to that price, so that it gets automatically sold as soon as it's not making a higher low anymore - it's a high potential reward and low risk approach. Once it made a lower low it can quickly turn into a downtrend and lose a lot of value - but by that time my money is already in another coin that's rally-ing  

[richardsNY]

I know that all of us here before entering trading we are all doing a research about the coin and at least have some basic knowledge with what we are doing so no reason for us to panic all the time, don't worry much about what you are doing, be courage and take risk, if you lose at first try  don't be disappointed.

Doing research before investing is always a good thing fundamentally, but it doesn't really help you with trading the short term market. In all cases the market of whatever coin never reflects its utility. It's always speculation dictating the market, and that speculation is something you just have to accept from that it can't be beaten with knowledge or technical analysis. If that was the case, institutions would absolutely dominate this market with iron fist, which is something that people should be happy with. I do actually believe that institutions will slowly but surely take over the market aspect, but it will likely be a process taking many years, so we don't yet have to think about it....

[Altcoins enthusiast]

Not that easy and many could have make it big in trading if they can actually control their emotions.  I read a story of a guy here yesterday were when ever he sell any coin that is when there will start growing and when he hold that is when they will start falling and I think all this come out of patience and lack of ability to hold.

[Ridwan Fauzi]

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

Panic selling, if you are a trader, is well done, you will lose if you see bad information coming. Prices will always go down when there is bad information or FUD spreaders. But if a person chooses for a long term investment may say that there is a wrong way because it will make you lose. Being a trader you should not be glued to the fundamental method but looking at the chart is the most important thing you should do.

[Andrew1337]

To be honest my trading experience is very bad . I started 5 months ago with $1200 buying/selling alts and my target was to aim 1% profit from that $1200 . I am still in the dip and waiting for the market back at 20k$.
Just #hodl

[otunayode]

It is easier said than done! Trading is unpredictable job and because of unpredictability of trading, you are always on the edge and naturally panic set in if things are not going as planned! Trader must be strong and not repeat the same mistake over and over again!

[milewilda]

It's easy to say 'let's stay strong', but when the price is keeping falling it is hard to stay cool head. I can suppose what is moving those people who can't hold and panicly selling their coins, they think 'at least I will have that much money than nothing'. It is OK in the case if person was just collecting coins, for example from signature campaign payments, but if you invested in bitcoin, especially on higher prices, the lose is going to be disappointing.

Even experienced ones do really still able to get this pressure when they saw price is falling down.Its really easy to say on someones or even on your mind if you are not still on the situation but if you are in the actual then you would really have the possibility on having these kind kind thoughts.Panic is unvoidable but if we do alreaady gain experience we can somehow control it because we do already have the idea on what to do on these kind of circumstances.

[s0beit]

We should trust our experience in trading even though the situations got worst, and I don't think panic selling is the solution. What will happen to your future profit if you sell it all due to you're panicked? That's why we should stay stronger and keep the faith burning so we could stand against negative speculators.

I agree with you. Keeping calm in the midst of price drop down is another strategic way to earn better in the future. Panicking won't help us but we might make worse decisions through it that we might regret in due time. The best thing to do is to keep calm and patient.

[david0ikari]

Experience is wise. We should first step down and think why....Everyone need to be aware this a really high volatility market, and your portfolio can contract by 70% . We have historic to see how the market reacted before. And the market got back on track... So no panic just hold. Think long term. Gains

[vv181]

The problem is they all get panicked because of lack experiences. It is indeed necessary to start with a low amount of money if you just barely started trading, just like the famous quote,  "never invest money that you can't afford to lose".

[squatz1]

It's easy to say 'let's stay strong', but when the price is keeping falling it is hard to stay cool head. I can suppose what is moving those people who can't hold and panicly selling their coins, they think 'at least I will have that much money than nothing'. It is OK in the case if person was just collecting coins, for example from signature campaign payments, but if you invested in bitcoin, especially on higher prices, the lose is going to be disappointing.

Even experienced ones do really still able to get this pressure when they saw price is falling down.Its really easy to say on someones or even on your mind if you are not still on the situation but if you are in the actual then you would really have the possibility on having these kind kind thoughts.Panic is unvoidable but if we do alreaady gain experience we can somehow control it because we do already have the idea on what to do on these kind of circumstances.

The big thing that people must remember is that whatever money you put into crypto, is as good as gone. So this money shouldn't be money that you're relying on, it should be money on the side that you CAN lose.

This pretty much means that you're able to be in it for the long haul with crypto cause you're not relying on getting this money back (or getting gains from it) If you do that, then you're set for crypto and traditional markets.

[renes]

I always trust myself but that does not mean taking high risk or doing unnecessary actions in the exchanges. Panic is normal but high panic may cause you to make wrong decisions.

[logicgate]

Successful trading requires a lot of time, concentration, and most importantly constant learning. The trader learns from mistakes. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. In order not to sell on the red market, I always set a stop loss.
Do not believe anyone, there are no authoritative opinions in this market. Learn, rely only on yourself and your experience. This is Wild West!

There is really no need to panic about the falling prices of the crypto currency you have invested. You need to be patient and need to hold the coin you have invested for the time being until the market is warm again. I am saying this because I have experienced situations like this in the past. These are the market disequilibrium times when the price may fall but there is an inbuilt ability in the market to return to equilibrium from disequilibrium.

[zhekinsp]

Successful trading requires a lot of time, concentration, and most importantly constant learning. The trader learns from mistakes. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. In order not to sell on the red market, I always set a stop loss.
Do not believe anyone, there are no authoritative opinions in this market. Learn, rely only on yourself and your experience. This is Wild West!

There is really no need to panic about the falling prices of the crypto currency you have invested. You need to be patient and need to hold the coin you have invested for the time being until the market is warm again. I am saying this because I have experienced situations like this in the past. These are the market disequilibrium times when the price may fall but there is an inbuilt ability in the market to return to equilibrium from disequilibrium.

Yes,we actulally didn't lose anything until we sell it so we need to just hold our coins to keep our capital from loss but more people get afraid and sold their coins for lose which make the condition more worse and worse by continuous price fall.

[Pamadar]

I always trust myself but that does not mean taking high risk or doing unnecessary actions in the exchanges. Panic is normal but high panic may cause you to make wrong decisions.

Panic is normal to those who didn't take time to understand first how things works inside this industry, I trust my instinct as I continuously read and monitor how market works, I think that doing this will give me good edge to and lessen my risk, trust and patience will be the useful tools when dealing to this business.

[MasterNodes.Cash]

That's exactly what distinguishes good traders from the bad ones - patience! Traders who don't understand how the market works and who invested more than they can afford to lose will keep selling at a loss. Hodling is the best strategy for such people. Pro traders understand they must not trade with emotions and they don't panic if they made a bad buy...happens to everyone.

[angrynerd88]

Education is must to be successful trader and we must learn from the past mistake and dont repeat again.Should overcome the panic and learn to control the emotions either we lose or win.Patience is key of success in trading hold coins till find best moment where meet the expected profit.

[dunfida]

Successful trading requires a lot of time, concentration, and most importantly constant learning. The trader learns from mistakes. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. In order not to sell on the red market, I always set a stop loss.
Do not believe anyone, there are no authoritative opinions in this market. Learn, rely only on yourself and your experience. This is Wild West!

There is really no need to panic about the falling prices of the crypto currency you have invested. You need to be patient and need to hold the coin you have invested for the time being until the market is warm again. I am saying this because I have experienced situations like this in the past. These are the market disequilibrium times when the price may fall but there is an inbuilt ability in the market to return to equilibrium from disequilibrium.

Yes,we actulally didn't lose anything until we sell it so we need to just hold our coins to keep our capital from loss but more people get afraid and sold their coins for lose which make the condition more worse and worse by continuous price fall.

We wont really lose nothing if we do still hold up on our coins in our stashes but one thing that do really make us panic even more is the emotions that pushes us when we actively checking out our ports.This is why never ever do this habit when you do see red market or price corrections because high tendency that you will able to commit such mistake.Experience is one of the most important things which will give awareness regarding into your possible actions that would be made.

[shimbark123]

This advice is probably the best applicable advice as of now. This thing is the best thing to follow because right now, the market is currently bleeding. Not all of it but most of the coins are all bleeding. So trust your experience and don't panic and HODL.