Decision in panic!

[Bughah]

i did, and i have a lot experiences with taking decision when i was panic after seeing market situation or price situation. this is what i need to fix, starting to invest with my spare money and hold it as long as i can, so i will never get attacked by panic anymore. i will prefer long term investment since now, and will never to get back to do daily trading to earn profit from my investment. especially with current market situatiin which was very risky.

Usually if you decide during the moment you are panic surely the consequences is not good.What ever happen always be calm everthing will be fine.

[tesla80]

Panic for what?

Since i trade on exchange, panic will be friend everyday. If price going low, and we think will going up again but price going down more, it will make you to sell you coin immediately. It is called PANIC SELLING.

If i in condition panic, i decide to hold around 2 week, and sell it whatever will be.

you are not panic selling, that part is right but what you do is not right either! you are panic holding!
when price goes down every experience trader knows that they have to sell and you have to do it as fast as possible.
you should not confuse "panic selling" with "stop loss". these are two very different things. a panic sell is when the dump is already over and price is at the bottom and you sell so that you miss out on the recovery. but a stop loss is when you sell a long time before the dump has ended to prevent a big loss and protect your investment.
also the "panic holding" is when a newbie thinks if he holds that altcoin that is getting dumped he is being right and he will make a profit. but what happens in reality is that the newbie loses a lot of money, locks his funds in some shitcoin that got dumped and because he will wait a very long time for the recovery and finally he will panic sell eventually at a much bigger loss.

Hahahah yeah he is right, you are panic holding. The panic sell is totally different than holding 2 weeks a dropping down asset..

Panic is something everyone lives in their trading lives. This taste must be tasted once. Everyone do this mistake, but sometimes panic sell actually prevents you losing more money. So don't panic, use stop loss That's the key.

[MNtrio]

Have you ever take wrong decision when you were panic. share your experience

A lot of times especially when Im on rush. Anything that was made in a short period of time and didnt think about it wisely, for sure you will regret it after you've decided.

[Why_I_not]

I believe that panic creates a loss. So I try not to panic. I leave my head cold. This keeps my portfolio.

[bitcoinvestor]

Have you ever take wrong decision when you were panic. share your experience

of course panic is lost. When we panic and sell we will lost. I lost more than 1000 usd because panic. Thst is why I am not a good trader. Many coins lost value because of panic. Today the market is red. I think this situation is not good for me. I still can throw away the panic feeling. I don"t lnow why. I want to learn how to be profit trader  but it is not easy

[RushKing]

Have you ever take wrong decision when you were panic. share your experience

Maybe, everyone commits this kind of attitude. Actually, the more you panic, the more you make a wrong mistakes in your life specially in selling and trading your coins. If you panic and shocked by the market, you might lose your profit.

[ningrum]

Have you ever take wrong decision when you were panic. share your experience

I have experienced it, when the price was quite downhill, and it made me so nervous. so I panicked and immediately sold the coins I had.

[SistaFista]

Have you ever take wrong decision when you were panic. share your experience

Making a decision in panic situation will only make the wrong moves.
Always use your clear thinking and rational, not using your emotion because it is only temporary.
I have never take a decision when im panicking. I usually wait some time after the panic has gone.

[Cianix]

The decision in a panic always usually leads to a loss, even on my example, I always somehow I was in the red when selling

[Jana Wood]

The main positive point is that we are already at the bottom and have a good opportunity to buy very cheap Altcoins. 

[Baxta]

During a panic, it is better to quit all business and sit down to have a drink of soothing tea on the herbs. Even if it seems to you that everything is over and everything is collapsing, interrupt at least for half an hour calm down and it will help you.

[AlexFF]

Only inexperienced and overly trusting people fall into a panic. Moreover, now nothing particularly terrible with the market is happening.

[GatotKaca]

once, I think it's the worst experience I've ever experienced because when I was a beginner and just joined the crypto program a few months and that experience happened to me. for me first is to hold a coin then there is an increase then it becomes an advantage for me and when that happens I feel happy because the price of my coin went up but not a few days later there was a decline and began to panic in me and I was determined if there was an increase then I will sell everything because it went down very long and there was an increase not how much I sold all, but in the next few weeks there will be a 10x increase, the feeling of sadness and regret is what I experienced.

[majiankun]

Have you ever take wrong decision when you were panic. share your experience

I think I might have made some wrong decisions. When I panic, I always tell myself that this is all illusion, so I didn't sell my coins. It seems that this may be a wrong decision because it makes me lose more. it is.

[Zeke_23]

Have you ever take wrong decision when you were panic. share your experience

yes I did, I sold every tokens I hold for a long time before because I am new in crypto world. I dont what should I do before that's why I decided to sell it immediately without thinking, but after how many days, its price suddenly grow, and I regret it so much.

[kabum21]

I believe that when you've been playing with the market for a while now, there are always battle scars, as I call them, the most common is almost always selling a coin or a token just before it explodes, now I've acquired the philosophy of selling my main investment and leaving the rest to grow in value or collapse, I believe it has worked 50/50 but it helps a lot with the FOMO and with the decision making so its ok.

[Abdullah.dhariwal]

Yes everyone make wrong decisions and i made them too. and its the only way we get experience in any field learning from our mistake. last year in November i have EMC2 coin which i bought for around 1100 satoshi and some days after i sell them at a price of 2600 satoshi. but later in same week it hits around 18000 satoshia and i left that opportunity.

[blockchainwriters]

The decision in panic mode is very difficult to handle the pressure we feel fear every now and then seeing the prices drop

[trash321]

I agree that the decision taken in a panic is clearly not to be taken seriously, because such a decision clearly can not be executed in favor of the person who makes such decisions, usually such decisions bring only the loss of the deposit.

[Koadharber]

Have you ever take wrong decision when you were panic. share your experience

Not all decisions where you are on panic mode is always been negative there are still some beneficial or positive results were panic do let you get out into the market on a very good timing.Just like what happen to my situation back into the past where i do able to buy cheap ETH and when it crash its price i panic and sell out still on small profits but still a good decision had been made if we do look currently on its price as of now.