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Author Topic: Trust you trading experience and don't panic  (Read 91964 times)
BartS
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July 05, 2018, 08:36:13 PM
 #361

I've witnessed some of the crashes last year and I still feel the panic everytime bitcoin touches another low just like the recent $5k mark. The only difference is I did not sell anything which is a good improvement for me. I hope that if another crash like this happened again, I'll be numb just like a rock.
Do not worry that happens to everyone, the first crash that you experiment when you have money invested can be really painful and it is an experience you never forget, but once that is over any other crash is not going to seem so big and in fact you will be surprised by your ability to remain calm during the crash, that happened to me with this crash since it was not my first and now I know that it does not matter what it happens with bitcoin or altcoins I will resist it.
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VolBug
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July 05, 2018, 08:40:32 PM
 #362

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.
It sounds good and right, do not to panic, but when you loosing day by day - it difficult to stay stronger.
stellgod
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July 06, 2018, 07:23:43 AM
 #363

trading in need of good knowledge and skills about trading and with experience you will also gain good knowledge about trading and how to deal with current situation, so the more experience you will be able to overcome the risk
This sense of trusting your coin comes when you learn a lot about the coin that you are intending to trade with. But the problem comes here. We are not interested to get maximum information about the coin but we definitely want it to produce hundred and one percent of profit for us. How this can even happen if you don’t know or have enough confidence about your coin.
Lauff
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July 10, 2018, 05:26:22 AM
 #364

experience is your best teacher who can give you a profit and you right i think trade experience is more important and more valuable than others the rest is good luck
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July 10, 2018, 05:30:34 AM
 #365

Do not be a victim of panic selling. Up your game with ample experience. Always be confident and trust yourself.
yndye
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July 10, 2018, 05:35:07 AM
 #366

experience is your best teacher who can give you a profit and you right i think trade experience is more important and more valuable than others the rest is good luck

Somehow you need to experience losing so that you will know how harsh this market can be. Experience is necessary so that you will know yourself as to how much loss can you take and if you are really a risk taker because this market is not for those people who wanted to stay in their comfort zone. Market is so volatile that one minute you are at a profit the next you are at a loss so you need to have a trading plan and an experience for you to survive and be profitable whatever the market condition is.

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Crypto_Professor
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July 10, 2018, 06:14:02 AM
 #367

My experience hasn't been all fine. I got a signal to buy a coin that price will rise in few days, I btc to buy but price is still in dip for over 2 weeks. This are some of the trading experiences I have. The price is lower than I bought it. Why and how can I trust my trading? The worst could happen. It is risk. If we sell with at least 20% profit better. Sometimes we trade in loss
Mr.John19
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July 10, 2018, 06:52:53 AM
 #368

Each experience is the best educator at all we don't should be panic. Experience assumes such a genuine part. The panic offering may cause losing all the cash. Purchase in a low market and hold for the long term with a specific goal to acquire a benefit. Control your feeling it truly big effects the things to stay away from the panic selling. Keep on being understanding in exchanging and trust your choice.
Shelan
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July 10, 2018, 07:33:20 AM
Last edit: July 11, 2018, 08:10:26 AM by Shelan
 #369

Each experience is the best educator at all we don't should be panic. Experience assumes such a genuine part. The panic offering may cause losing all the cash. Purchase in a low market and hold for the long term with a specific goal to acquire a benefit. Control your feeling it truly big effects the things to stay away from the panic selling. Keep on being understanding in exchanging and trust your choice.

Experience is indeed the best educator. Emotions play a big part in circumstances as such but one should be able to take control of how he's prepared for the market he's entering. Watch the chart and then invest wisely. When it comes to making choices, trust yourself. Then end results should be fruitful.
bitcoinveda
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July 10, 2018, 07:55:03 AM
 #370

Based on the experience we have we need to control our emotions in order to make profits. Most of the people will be panic once the price starts decreasing and this makes people sell them for low prices in the market. An experience will not bother much about the current situation because he knows when to sell and when to buy.
Anubisi
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July 10, 2018, 08:36:18 AM
 #371

It's important to maintain a good attitude. I used to buy a coin called CONI with 5ETH. Now I have lost 70%, but I am not afraid because I know that as long as the market is still there, I will have the opportunity to recover losses!
isaac_clarke22
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July 10, 2018, 06:04:56 PM
 #372

"Experience is the best teacher." -- the cliche' belief that many people forget. The emotions emerging when we always arrive at the point of getting profit. Emotion that builds up the greed that people can't avoid to get at times of market rapid gains, then in the end the greed becomes regret. It is like that emotion is the input, greed was the process in the way that some people continue to sell and then the output was the regret. Such simple logic that is hard to accomplish by some people that are looking for good things in crypto. We can't blame them though. They have their own reasoning of why they sell or make the dumps in the market.

1. Emotion - either they are really new to trading and can handle losses yet.

2. They are simply just a side trader. I am also just trading as my sideline, but I am still managing to get the most of my coins through ignoring the price it currently has within a week while also looking for significant gains. Other traders are just reasoning that they are side trading and they would sell whenever they see such gains that are logical or reasonable for them.

3. Large traders. They could be investing in various coins, making them have some comparisons of the coins they invested before to the coins they invested right now. It causes them to sell the less promising coin and invest it instead into the current coin that they know it is gonna guarantee them good gains in the future.
Blue Bell
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July 10, 2018, 11:09:51 PM
 #373

Do not be a victim of panic selling. Up your game with ample experience. Always be confident and trust yourself.
Agree with you it is not good to sell at panic because it is hard to get profit if you are a panic seller, now almost everyone know that price of bitcoin use to keep on moving so they are no longer worry about the situation, I think we should encourage people to buy right own and hold because soon market of bitcoin will be normal and we will get the opportunity of buying bitcoin at panic and selling at the higher
chikading2016
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July 11, 2018, 01:22:31 AM
 #374

Do not be a victim of panic selling. Up your game with ample experience. Always be confident and trust yourself.
Agree with you it is not good to sell at panic because it is hard to get profit if you are a panic seller, now almost everyone know that price of bitcoin use to keep on moving so they are no longer worry about the situation, I think we should encourage people to buy right own and hold because soon market of bitcoin will be normal and we will get the opportunity of buying bitcoin at panic and selling at the higher
  I believe that we need to trust our self on making some decision on the crypto feild. Because I believe that if we don't have trust on our self we cannot really sustained some of the situation that we maybe experience on crypto. Maybe we can loss an amount of our capital because we are lack of confidence. I think we need to hold on and maybe soon market will rise.

ethereumhunter
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July 11, 2018, 03:12:36 AM
 #375

Do not be a victim of panic selling. Up your game with ample experience. Always be confident and trust yourself.
Agree with you it is not good to sell at panic because it is hard to get profit if you are a panic seller, now almost everyone know that price of bitcoin use to keep on moving so they are no longer worry about the situation, I think we should encourage people to buy right own and hold because soon market of bitcoin will be normal and we will get the opportunity of buying bitcoin at panic and selling at the higher
  I believe that we need to trust our self on making some decision on the crypto feild. Because I believe that if we don't have trust on our self we cannot really sustained some of the situation that we maybe experience on crypto. Maybe we can loss an amount of our capital because we are lack of confidence. I think we need to hold on and maybe soon market will rise.

we need to have confidence in the trading and no matter it is, we can get another profit after we got the loss. sometimes we are fearful that we cannot make any profit because we don't have much trading experience or trading skill. but as long as we can buy at a low price, then we should believe in ourselves that we can stay calm and don't panic. once we can control this, we can trade with good, we can eliminate the fear, we can stay calm and moreover we can make a profit.

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July 11, 2018, 03:24:13 AM
 #376

Yeah finally I read something useful this day. That is why it is very important that you gain experience first before entering the world of trading. You can acquire experience through the experience of others.

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July 11, 2018, 04:20:32 AM
 #377

There are a lot of newbies trying to trade and that is one of the reason of why we have all of them complaining in here, but i think that if you know how to trade, you wont make any mistakes
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July 11, 2018, 05:15:11 AM
 #378

yes you really better believe with the experience you have and do not easily panic so you are not easily affected by bad news that exist, if you are easily affected you will only get losses only.

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July 11, 2018, 05:35:35 AM
 #379

There are a lot of newbies trying to trade and that is one of the reason of why we have all of them complaining in here, but i think that if you know how to trade, you wont make any mistakes

Even though we have experiences sometimes we have to face the loss because that's how sometimes the market situation is going to be. Experience trader will not bother much about the market situation even though he is facing loss.

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July 11, 2018, 06:15:18 PM
 #380

Somehow you need to experience losing so that you will know how harsh this market can be. Experience is necessary so that you will know yourself as to how much loss can you take and if you are really a risk taker because this market is not for those people who wanted to stay in their comfort zone. Market is so volatile that one minute you are at a profit the next you are at a loss so you need to have a trading plan and an experience for you to survive and be profitable whatever the market condition is.
It is inevitable, while no one wants to lose money at the same time that is the only way to understand our mistakes, I remember hearing a professional coach of football saying that it is way more difficult to correct mistakes when you win than when you lose, if you win the players are not going to see the need to implement changes to a winning formula but if they lose they will do anything to improve the situation and the same happens in this market.
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