Stop Panic Trading!

[dmamigo]

Panic trading will be there always, this thing might not be done by all, but in cryptocurrency trading, most of them do so. The market being so volatile sometimes, it's tough to control your emotion, fear being one of the strongest emotion acting here. But this can be curbed if the individual have proper knowledge which kind of help to boost the confidence.

[tanglong]

Investors should keep in mind that even if the crypto currency market shows signs of decline, some of those currencies are likely to hold good. Panic trading will make you lose direction and can not continue investing.

[s.mahmood]

panic stay always with a trader but panic is not good for a trader.Because panic sell has a negative impact on market. So I think always avoid panic and be positive.

[geberger]

It is very difficult to ask people not to panic in a trade that involves a certain amount of capital, most especially when the market has been seen overtime to be going down by the day. Considering the fact that the fate of cryptocurrency is not yet known, makes it even more difficult for investors to keep calm.

I do not buy in to this idea at all. The only thing that would make it difficult is if they've invested too much. For those people that have invested a sensible amount the swings might be painful but they won't be putting a huge emotional strain on the person so as to force them in to making bad decisions. How much to invest is one of the first decisions but if the wrong decision is made then that can lead to more and more bad decisions

As i have always heard and learnt that never invest the amount in crypto which you cannot afford to lose. One of the major reason of panic selling trading is that people have invested their needy money in crypto.

[higgidave]

It is very difficult to ask people not to panic in a trade that involves a certain amount of capital, most especially when the market has been seen overtime to be going down by the day. Considering the fact that the fate of cryptocurrency is not yet known, makes it even more difficult for investors to keep calm.

I do not buy in to this idea at all. The only thing that would make it difficult is if they've invested too much. For those people that have invested a sensible amount the swings might be painful but they won't be putting a huge emotional strain on the person so as to force them in to making bad decisions. How much to invest is one of the first decisions but if the wrong decision is made then that can lead to more and more bad decisions

Another way of profitable trading is that trade only in the bull market. That is the period when coins are moving up and it is easy to collect profits. Almost all the coins give profit at that time.

[tailwate07]

oh really? i think panic is a great react for some situation, because panic you can make a quick respons, i also hear about people saying in early year dont panic, guess what happen almost all prce coin is drow above 50-90%. so sometime panic is great react to make fast decision.

You can not get success here as long as you are a trader of keeping alive your emotions here in the most important place which is crypto trading. You are to get rid of panic decisions and processes because it will harm you at any stage if your decision is panic result will be panic. Better solution is to hold your coins if you have a time will come when it costs a lot for others then you are in profit.

[neonshium]

Talk to me about that. Panic sells or trades is the most older stuff around the crypto currency world and I guess it should not be surprising that it could be be the reason for worst trades happening around the global market. This has also led to disturbance of the project developments as huge capital loss is always seen from the trading or exchangers platform. This effect can be seen more on the bounty and ICO formation stages where hunters will panic sell because they may think that the ICO prices cant be reached and thus if they want to earn bucks then they must dump, that the first panic event we can see always. Similar things happen when market is under performing.

It is definitely not surprising and it will always keep happening as time goes on. However, panic selling can come in a number of ways, which could be someone who is selling based on his strategy, or someone who is panicking based on no strategy at all.

As long as you have a plan, and you stick with it, then I really do not see the need to panic for whatever reason. The only reason why people act the way they do when it comes to panic selling is because they are really just gambling the market and have no idea what they should really be doing in the first place.

[coinplus]

Technically, analysis is the thing we need most to get satisfactory results in trading. Without analysis, we cannot trade well because of the consequences of a trader, so he must be able to make decisions that begin with a good analysis. A trader can never succeed when they cannot think well, so keep on adding knowledge and experience. One more point is that a trader who has a good experience will be able to avoid panic in every decision they make.

I would even say there is no better way to trading than the knowledge of technical analysis. A lot of people may say they do not trust in technical analysis, but that is simply because they either do not know what they are analyzing or the belief that with technical analysis, the market should just behave exactly as you want it. If things work that way, I guess we will all have been very rich by now. It is just like that in every market as TA will always be more of a guide and that is what it is.

I realize that for beginners like me when trading, if prices go down there is always a feeling of panic and want to always sell it even though I know that it will lose my capital, I have done it for a long time, and I arrived at the point where I analyzed the Display Chart Trade very seriously and very enthusiastically.

There will always be feelings of panic because beginners like you are not taking the time to learn or they have not taken the time out to practice as much as possible to gain some confidence with their strategy before the end up rushing into trading the market. That is always a lot of problem people will never stop facing because they are so much in the mind of trying to gamble their positions in the market, and that will always not come out well for them.

[Ranly123]

It has been noticeable that social media these days is exerting panic calls all around. These posts serve no real purpose except to take clicks and views while not helping the cryptocurrency community at all.
Keeping a cool head at times of bearish runs is no trick but is also far from easy. Even the best of us fell into the trap of panic responses, losing even more as a result. Keep the stress out of the trading business and invest only so much that you can afford to lose. We would also recommend small investments at the times when bitcoin and altcoins gradually lose value, since the period when they rise up will come.
Share here your "quick and dirty" techniques to keep calm while trading and experiences when you panicked so to help others recognize it as well and stop it in time!

https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/

As we see the market is at a steady pace where there is an occasional drop on our coins prices. We should never be in a panic mode, where in fact if we base the price of Bitcoin today than the previous years, we can say that it's still higher than before. So keep calm and have patience in holding our stocks.

[katuhakuh]

I think it's very difficult to avoid panic that is hypnotized by bad news. Consider the fact that the fate of cryptocurrency is unknown, making it increasingly difficult for investors to remain calm in the crytocurrancy world.

[vv181]

Any trading based on emotion will result in a terrible way. It is essential we make a move based on pure technical analysis without any bias. In other hands, We are aware that the majority of cryptocurrencies markets traders are a newbie, so it make them easier to get eaten by the whales/experienced trader.

[florianuhlemann]

I do not see panic anywhere, bitcoin is still more expensive than at the beginning of last year. and that's good

[Keyboard PC]

yes you are as good as these traders can not panic when trading because if they panic when trading then they will only get losses that can make them worse, so trading must be patient and don't panic if the price falls then hold and wait until prices rise again.

[Perrigeni]

Why to stop players who want to sell cryptocurrency? Let sell then the price will begin to grow much quicker. To us it will be very good.

[Dart18]

It was hitbtc actually that made me panic. Damn those trolls.
Social media might also be the culprit since it is the easy access for everyone with their smartphones. Newbies who are looking for new crypto currency that they want to support tend to believe there.
It is a good thing though being in this forum, somehow we can take other opinion into what is real or not.

[Aion2n]

My trick is in understanding two things:
1. Such a drop in the price is normal after such rapid growth as in December.
2. After the price falls (however long it will last), its growth will occur.

Also, some actions help me. I look at the price for bitcoin only once every 2-3 days, and for other currencies once a month. This helps me get rid of unnecessary worries about the price fluctuation. Also I began to read less crypto currency news.

As a result of all this, I don't think about crypto currencies 24 hours a day. And when I see that the price has once again lowered, then I'm not nervous, because I know for sure that this is temporary.

[marine4u]

yes you are as good as these traders can not panic when trading because if they panic when trading then they will only get losses that can make them worse, so trading must be patient and don't panic if the price falls then hold and wait until prices rise again.

Transactions in fear often result in very bad results and investors have to regret it. Be calm before trading because it directly affects your investment. If you have too much loss in a short time, then you should stop for a while until you really calm down.

[kopijos]

beginners will definitely not be able to control the situation and will surely feel panic in trading, it can happen and will happen. so I think it needs knowledge of the beginner traders and don't panic about any trading.

[apityeh71]

Yes we not need to be panic,  if you just bought on the bottom price is better just hold it for long term trading,  because crypto is not dead but this is only phase to be boom market. There are always bottom and top price so  not need to be panic sell or FOMO.

[DJohnson]

This is why I prefer trading with predefined strategies most of the time, and automating their execution.  This way, I'm taking my emotions out of the mix.  I feel like with a well defined strategy that I am confident in that the strategy will be successful so I no longer need to worry about making a decision in a panic.