Why we shouldnt panic sell

[goaldigger]

Almost a 85% of people failed because of human error and not by trading itself. The number one error im talking about is panic selling. Two words but put people in stress and losses big time. So how can you manage to avoid getting stressed easily and panic sell? Im telling you some.

- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.

- prepare yourself from future losses you have because its just normal. Negatives are part of the market balance. You are not a real trader if you dont experience it. Its sometimes an indicator that you should buy on that time.

- always think that its not yet a loss if you dont sell it.

- always have patience and wait for the right time to sell.

- BUY LOW SELL HIGH and get committed to it.

- dont believe on manipulators or those people who talks negatively to keep you from being motivated. Remember that you have more knowledgeable than them.

If you have some tips in additional then give some. Lets all help those who are in confusion right now.

[sidkz]

I fully agree with the author, for trade you need to not give in to emotions, and to be prepared for the fact that the market does not always go in the right direction, and in order to make money on cryptocurrency you need to be able to wait and then everything will turn out

[blockman]

Likewise in gambling, the summary of it is to trade only what you afford to lose.

My addition to it is to strengthen your emotion.

[samcrypto]

Everything is right, we should not sell on panic we should understand what we are doing so we cannot be failed big later on. The market is not that bad we can still make income so don’t panic. Buy low sell high is the best and an easiest way to take profit.

[St4yInTh3D4rk]

Sometimes panic selling can save us too.

I am not a regular trader but I feels panic selling at the beginning of bear run can save lot of capital than waiting for too long for doing trades.

My addition is don't regret about panic selling if the prices didn't fall after you sold your crypto just move on and reinvest on the right coin.

[Altero]

Sometimes panic selling can save us too.

I am not a regular trader but I feels panic selling at the beginning of bear run can save lot of capital than waiting for too long for doing trades.

My addition is don't regret about panic selling if the prices didn't fall after you sold your crypto just move on and reinvest on the right coin.

That is somewhat entertaining.. it feels how difficult to control our self during the bear season and I think that almost everyone also thinking to sell their coins once it falls more. But somehow market won't let us to make a mistakes and it shows some pumps which it enlighten us to be more confident with.

[stomachgrowls]

If you have some tips in additional then give some. Lets all help those who are in confusion right now.

https://bitcointalk.org/index.php?topic=2867761.0
https://bitcointalk.org/index.php?topic=4456444.0
https://bitcointalk.org/index.php?topic=3268158.0

These old thread would be a good help.

[Noa_Amable]

Almost a 85% of people failed because of human error and not by trading itself. The number one error im talking about is panic selling. Two words but put people in stress and losses big time. So how can you manage to avoid getting stressed easily and panic sell? Im telling you some.

- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.

- prepare yourself from future losses you have because its just normal. Negatives are part of the market balance. You are not a real trader if you dont experience it. Its sometimes an indicator that you should buy on that time.

- always think that its not yet a loss if you dont sell it.

- always have patience and wait for the right time to sell.

- BUY LOW SELL HIGH and get committed to it.

- dont believe on manipulators or those people who talks negatively to keep you from being motivated. Remember that you have more knowledgeable than them.

If you have some tips in additional then give some. Lets all help those who are in confusion right now.

right, it is panic which kills traders.
one shoud keep in mind that almost every trade (if we speak about major currencies) could be positive. the only questionis how long could you keep that position open.

[Naida_BR]

Likewise in gambling, the summary of it is to trade only what you afford to lose.

My addition to it is to strengthen your emotion.

The difference is that in trading you need to study hard before making a decision. Emotion plays a crucial role as well but it is not the main reason. I think that people act more in panic in gambling rather than in trading.
Traders do not need to panic sell because the market can be manipulated easily so before taking any decision, we should do our own research.

[ajqjjj]

Everything is right, we should not sell on panic we should understand what we are doing so we cannot be failed big later on. The market is not that bad we can still make income so don’t panic. Buy low sell high is the best and an easiest way to take profit.

All the investors are buy low and sell high in trading platform. It is not a good idea for all the time because sometimes continuous dump will affect total margin so panic sellers are create the more difficulties of crypto hype. I think keep buying and selling our own personal experience makes small profit and good success in next trade.

[cryptothreads]

Everything is right, we should not sell on panic we should understand what we are doing so we cannot be failed big later on. The market is not that bad we can still make income so don’t panic. Buy low sell high is the best and an easiest way to take profit.

Buying low and selling high is the most basic thing in this market but to do that we have to have a lot of experience in trading and our psychology must always be in the best state. I think very few people can keep calm when the market panic because just a few bad news can make investors feel confused and easily sell all their assets. My best advice is to consider it before deciding to invest in a certain coin and keep it for a long time

[omonuyak]

Loosing in trading should not make us to be panic but of a truth panic sometimes do save us from unnessary loses.  This market is one that we can only succeed if we learned how to trade through experience and much loses.

[BitcoinTurk]

I think all the factors mentioned in the article are correct and I agree with everything the article author mentions. Although we are a professional investor, from time to time, we cannot prevent our own feelings and make wrong decisions. I've had so much experience from the first day I entered this market so far that if I count them all, you can't believe how I'm buying panic or panic. Even though I had so much knowledge and experience, a panic sale I made just a month ago had caused me a very serious cost. Be with you, always try not to succumb to your feelings and not to panic.

[Bitinity]

Set your own limit and target could be another thing to add. Sometimes new traders forget to set lose limit and target of profit. Regarding the target of profit, some traders usually get greedy although they could make some profit but they decided to keep on waiting in order to get higher price so they can make higher profit but they forget that the price may get dumped while they are waiting for higher price.

[carlfebz2]

Loosing in trading should not make us to be panic but of a truth panic sometimes do save us from unnessary loses.  This market is one that we can only succeed if we learned how to trade through experience and much loses.

This is true, not all panic sells do really give out negative results but rather it do also have the advantage on saving us for more deeper loss.
Emotions is one of the most common enemy when we are investing here on crypto due to price volatility and having that mindset to make profits out
of it due to movement but seeing it actively would really give out immediate actions neither a good one or not.

[jhongzjhong]

Set your own limit and target could be another thing to add. Sometimes new traders forget to set lose limit and target of profit. Regarding the target of profit, some traders usually get greedy although they could make some profit but they decided to keep on waiting in order to get higher price so they can make higher profit but they forget that the price may get dumped while they are waiting for higher price.

This is mostly crypto enthusiast did set a limit of selling target than doing panic selling, panic selling is not having a huge loss still you can retrieve your losses once you sell and divert into other altcoins which the best strategy for those almost had their loss. However, this strategy is a case to case basis only. We have a different perspective decision on how to manage our holding crypto asset.

[Reid]

You are right about that.

There is only one thing that I want to strengthen and that is Commitment.
Mostly I tend to lose my trust on one coin because of the hype. After that, I am already selling my coin without even thinking that I already broke my commitment.

Be solid strong with those. If you want to sell at this number then do so. Same with buying too.
Patience is what I dont have mostly but am trying just so I could profit more.

[Ultimist]

Panic selling is the worst thing that can be. I've lost money many times because of my emotions. But now I understand that it was my mistake and I try to analyze my actions more in my right mind.

[Carollzinha]

Thank you for providing such wonderful individual insights as from yourself. I do agree with everything you said from my own point of view and how i used to buy / sell in trading.
I've been used most of your statements in altcoins trading but i couldn't quite catch up with their prices. Sometimes i would just leave with a negative profit cause i was inpatient.

The feeling of a panic sell is real thus you should think clearly before acting as such. As a wrong move can end up with everything you have worked for till that moment.
Nevertheless most of the new people heading their way to alt trading should understand everything from OP's statements before starting.

[harizen]

If you have some tips in additional then give some. Lets all help those who are in confusion right now.

That's why just trade and trade and trade. Build experience so that people will be used on any difficulties.

Panic selling is a usual and common behaviour / approach of a traders. In other words, even how well a newbie study the basics, they will not avoid that kind of behaviour.

I want all traders to experienced that. Why? In that way, they will really experienced what is that all about and they will work soon how to control it. It's part of a progress. If such case that a trader still can't deal properly with that behaviour after a quiet long period of time during trading, I guess this profession isn't really suitable to them.