In order to reach your target, don't rush!

[Awaklara]

Anyway I just thought I might share this with you, because panicking and rushing to do something can be costly sometimes.

Moments of panic are sometimes detrimental, sometimes also beneficial due to luck.
Indeed, panic situations have a more detrimental impact on traders' mornings. but there are also situations of panic from traders who bring good luck. Panic situations are common among novice traders. when they buy an asset and a moment later the price drops or rises drastically. panic when finally selling at a loss has a negative impact. but panic when selling when prices rise brings good luck.

The panic situation experienced by traders indicates that traders are not good at analyzing and planning. This panic can make wrong decisions in panic selling or panic buying.

[Rruchi man]

... because panicking and rushing to do something can be costly sometimes.

Successful business owners do not make decisions under pressure or in a hurry because every decision matters and can cost the business, or yield profit for the business.

There is always pressure that comes with business ownership or being an investor, and if you are unaware of this pressure, you will be susceptible to acting, taking actions, and making decisions under its influence.

[Kelvinid]

The panic situation experienced by traders indicates that traders are not good at analyzing and planning. This panic can make wrong decisions in panic selling or panic buying.

It creates an adrenaline rush and makes no good in making decisions. No way to see success from a person who keeps rushing and panicking as this is not a behavior of being a successful person. Decision-making should be timely and analyzed, it is not just we draw and if we see no good, we just simply erase it and are still okay. But having into trading, every decision we make has results which could influence our target. That is why we should carefully make decisions and should not be done with desperation and rushing because this is usually the reason for making it wrong.

[Hamphser]

The panic situation experienced by traders indicates that traders are not good at analyzing and planning. This panic can make wrong decisions in panic selling or panic buying.

It creates an adrenaline rush and makes no good in making decisions. No way to see success from a person who keeps rushing and panicking as this is not a behavior of being a successful person. Decision-making should be timely and analyzed, it is not just we draw and if we see no good, we just simply erase it and are still okay. But having into trading, every decision we make has results which could influence our target. That is why we should carefully make decisions and should not be done with desperation and rushing because this is usually the reason for making it wrong.

Keeping yourself in a rush on something that do talks about investment or something those opportunities that do focuses on making money or profits then its not something that recommended on having this kind of mindset because instead on making yourself that being focused on what must be done, you would really be hurriedly making  yourself doing up things which it might be that out of control on which it would really be causing tons of mistakes just because you cant really be able to assess yourself well because you are in a rush. This is why it would really be that recommended that on whatever the things that you are getting involved with then dont make yourself that be in a rush but instead you should really be assessing up yourself well on what are the  things that you should gonna do so that you wont really be that
making too much mistakes because this would really be causing up that soo much error which causing up losing too much money.

[SATWAT]

... because panicking and rushing to do something can be costly sometimes.

Successful business owners do not make decisions under pressure or in a hurry because every decision matters and can cost the business, or yield profit for the business.

There is always pressure that comes with business ownership or being an investor, and if you are unaware of this pressure, you will be susceptible to acting, taking actions, and making decisions under its influence.

There is no doubt patience is the best thing in every field and everywhere in life but still we have to understand in some cases we need to be rush because without this we can lose many things while we are sitting in market we have to make things which bring short term and long term profit while this is important we had to decide few quick things but in few cases we have to check many things before having decision.
No doubt every successful businessman having his own terms and conditions which helps him for having things favorable, but in crypto case we need to be calm as already mentioned.

[Maslate]

Traders often click the panic sell in desperation when they see price falling while one who is experienced will look it as an opportunity to make more profitable. We should be able to think clearly in high pressure situation for that we need clear vision of what we are trying to achieve.

To ease things for traders always choose the less risky trading method which is spot long term trading any other method is risky.

Beginner traders might still be acceptable doing that since this feeling or emotion is still new to them. But I guess for old traders, I can tell they’re already less affected and won’t end up panicking easily just because bitcoin price is bleeding. That proves experience is really crucial in trading in order to learn to control emotions most especially when the crypto market is not in a positive condition.

Rushing to be in profits will never work for bitcoin. Note that bitcoin is good for long term asset, so anticipating immediate profits for bitcoin will always end up as a frustration.

[Baki202]

To panic in the face of pending calamity is the first death to be suffered, before the calamity actually happens.
That's why those with military training or lived in military environment understand that being calm and calculated in the face of danger or pending calamity is not a guarantee that one goes down, but such situations can be turned around to good benefits, only if one remains as calm and calculated as possible.

Slow and steady also wins the race as many folk tales would conclude saying and when it involves trading or financial management or business, one should learn to sit back and relax while letting things play out positively, mostly when losses has been incurred or in the process of being incurred.

when it comes to panic, is part of our behavior as humans, and in most situations, nothing kills faster than panicking, In every situation, calmness should be considered before action because if you take action before observation, that is why the example you gave about the military is a perfect example because you can be unaware so as a military man, you have to always be prepared. and we must not be in the military to know what step to take in a situation, The world has changed and things are more challenging now We do not need to panic we need to improve our survival instincts, and that way we will know what decisions to take rather than panic.

The condition will arise and that is why before they arise I make certain plans even if they don't work I don't mind but the thing is that I know that I would have tried to make plans.

[goaldigger]

... because panicking and rushing to do something can be costly sometimes.

Successful business owners do not make decisions under pressure or in a hurry because every decision matters and can cost the business, or yield profit for the business.

There is always pressure that comes with business ownership or being an investor, and if you are unaware of this pressure, you will be susceptible to acting, taking actions, and making decisions under its influence.

That’s correct, everything must came from a studied and wise decisions in order to stay in business and of course to approach properly. There’s always pressure, stress and problems on any business or even with your investments, and the only difference is on how you will handle it. If you’re professional enough to handle that kind of scenario I’m sure you’ll grow more. There should be no rush on anything, you must have more patience and trust the process.

[AmoreJaz]

... because panicking and rushing to do something can be costly sometimes.

Successful business owners do not make decisions under pressure or in a hurry because every decision matters and can cost the business, or yield profit for the business.

There is always pressure that comes with business ownership or being an investor, and if you are unaware of this pressure, you will be susceptible to acting, taking actions, and making decisions under its influence.

That’s correct, everything must came from a studied and wise decisions in order to stay in business and of course to approach properly. There’s always pressure, stress and problems on any business or even with your investments, and the only difference is on how you will handle it. If you’re professional enough to handle that kind of scenario I’m sure you’ll grow more. There should be no rush on anything, you must have more patience and trust the process.

Also, if you have no passion on this activity, you would easily feel stress or being burnt out on what you are doing. So before you even start, contemplate if this activity is you really want to do. Because it is not an overnight task to learn the market but as you go thru this journey, you will always need to learn the different projects and acquire necessary info to make a sound decision in every trade.

Things to consider when you execute your trade -
> have you at least check the project's current progress?
> liquidity / availability in other trading platforms
> team visibility
> future plans / developments
> how active it is in the trading world?
> popularity / are people talking about it?

[Webetcoins]

... because panicking and rushing to do something can be costly sometimes.

Successful business owners do not make decisions under pressure or in a hurry because every decision matters and can cost the business, or yield profit for the business.

There is always pressure that comes with business ownership or being an investor, and if you are unaware of this pressure, you will be susceptible to acting, taking actions, and making decisions under its influence.

On their current state maybe but before, they do. No one is born to be successful immediately but it takes a lot of hard work and other positive traits for one to become. Maybe there is also successful people who are now able to do it successfully due to the experience that they already developed.

We know that their lives are always busy and they are used to this already. If only we are organized, I think we can minimize this pressure. This is better even though like I said earlier that some can still do better despite experiencing a pressure. I don't think there are people who are not aware with it and those who said are not are only lying.

[Lakai01]

[...]
Rushing to be in profits will never work for bitcoin. Note that bitcoin is good for long term asset, so anticipating immediate profits for bitcoin will always end up as a frustration.

This is definitely true for HODLers, but I think the OP is more concerned with not rushing into trades, which take place on much shorter time frames (minutes, hours, days).

A HODLer does not struggle with all the emotions, as he is usually convinced that the asset will recover. This is a completely different issue in trading and is a decisive factor in winning or losing a trade. The poster below you described it quite well with "panic", which definitely applies if you want to try to save your failing trades head over heels. This usually goes completely wrong.

[boty]

Traders often click the panic sell in desperation when they see price falling while one who is experienced will look it as an opportunity to make more profitable. We should be able to think clearly in high pressure situation for that we need clear vision of what we are trying to achieve.

To ease things for traders always choose the less risky trading method which is spot long term trading any other method is risky.

Beginner traders might still be acceptable doing that since this feeling or emotion is still new to them. But I guess for old traders, I can tell they’re already less affected and won’t end up panicking easily just because bitcoin price is bleeding. That proves experience is really crucial in trading in order to learn to control emotions most especially when the crypto market is not in a positive condition.

Rushing to be in profits will never work for bitcoin. Note that bitcoin is good for long term asset, so anticipating immediate profits for bitcoin will always end up as a frustration.

What you say is very true, and this is because they don't understand trading well so they will feel panicked when they see the market condition has decreased after they bought it, but for those who have experience of course there are those who take advantage of this situation by buying and will hold it until the price increases again and you can make a profit from holding it.

Because it is impossible to know for sure the movement of Bitcoin prices, I think it is difficult to make profits easily and it would be better if we wanted to hold Bitcoin, we could hold it for a long period of time and we must be patient in order to reach the target.

[synchronym]

Especially those who are new to trade who do not have much knowledge about trade are not aware of the risk involved in trade. Gaining enough knowledge about trade before trading then we have to trade. In trading, we must have a long-term plan. Many times I see that we trade too hastily. If we trade in haste, our losses will increase. So we all must look at the long-term plan about the trade and check the market and trade patiently, surely we will get proper success through this trade in the future. Another important thing in the field of trade is patience. Many times even big traders lose patience, so we must be patient without losing patience. If we keep trading, we will definitely become successful traders one day.

[AnonBitCoiner]

Rushing is one of the reasons people lose in trading. They want to rush in money making.

Let us say you have $2500. Why trading all if that is all your money. Using $500 or less is enough.

Do not use more than 1x leverage

If you will use averaging, it is better. You can start the position at 0.2x and end it with 1.5x for altcoins or 2.5x for bitcoin.

Analyses and indicators are necessary

Money management is necessary

Nothing comes by adopting a quick way therefore try to be calm as if you wait for the better you will surely get better. Some people come to invest in crypto because they want quick profit but crypto will not make your dreams true until you get ready by getting all necessary knowledge.

Some people use their whole income or pension fund to invest in Bitcoin or other coins but I think it will increase the risk but if we put little amount then our risk will be minimum and we will manage all the things with great efforts. Putting all money cannot make you quickly rich so use your mind instead of using an extra large sum.

[Natsuu]

... because panicking and rushing to do something can be costly sometimes.

There is always pressure that comes with business ownership or being an investor, and if you are unaware of this pressure, you will be susceptible to acting, taking actions, and making decisions under its influence.

The only reason you are putting that unnecessary pressure is when you start to focus on the money as oppose to focusing on  the process and developing good habits. Because once you focus on the money, you become fearful that the running profit you are having could be taken away from you. So you cut your winning position short instead of holding it.

Because of that you are moving your TP closing and halving lesser risk to reward ratio or worse, you get negative risk to reward. The only step to stop that cycle is to focus on the process. Focus on following your plan and the money will automatically follow.

[redsun114]

You are right, those who panic or rush tend to be on the losing side most of the time. It only happens to extremely lucky people where they might panic buy or rush into an investment and then still manage to get some profit from it because generally, when we see people doing FOMO in the cryptocurrency market, they tend to be at a loss because they buy at the wrong time and then they don't get enough time to sell their assets and they see their investment losing value right after it is made.

So, it is important for traders to understand that patience is everything when it comes to making trades or investments or running a business. You should have three things to become successful, patience, critical thinking abilities, and quick decision making skills, if you have all these, you will mostly be successful in what you do.

[Frankolala]

Whoever does anything in fear might end up making wrong decisions, and regrets their actions, because whoever rush in will rush out with great loss. Patience is what really matters in trading and we should not allow greed allow us make hasty decisions when trading.

Rush has made a lot of traders make great losses, which assuming they didn't make such hasty decisions, they would have been able to manage their losses. Also don't enter the market when you don't understand the market. Risky business like trading needs time. Newbies rush into trading and rush out after they have lost it all.

[Adbitco]

Advice which is not just financial but applies to everything business related and even outside business, but we are going to be looking at this from a business standpoint as opposed to just financial.

Let's say that you're selling something online, and you have a supply chain to get the product ready and assembled for you, when all of a sudden, one of the supplies you use is in short stock. Restocking it will be very expensive because its price has gone up, but there is a bigger demand for your products. However, you do know that the price of the supply will go down if you just wait, but you may run out of inventory before then, but you don't know if you will.

Let's say you panic, and make a large order for the supply. Then all of a sudden, for unrelated reasons outside of your control, your sales tank. Now you are stuck with a giant amount of supplies that you can't offload, because product sales have slumped.

On the other hand, lets say you wait, and the prices either go down by themselves or you manage to find a special discount deal. So you turn out to be just fine.

It's the same no matter if you are trading crypto, doing a business with crypto, selling stuff for crypto, etc.

Anyway I just thought I might share this with you, because panicking and rushing to do something can be costly sometimes.

There no hidden truth about what you have put down here, like seriously when it comes of business there are people who needs to go business school because they aren't making things right due to desperateness or eagerness to have a particular profit from one or two sales but something settling for the little is mostly profitable, I mean if a product was sold for 2$ and after few minutes it the shoot to up to 3$ without knowing that after some while the it drop severely.

I will also like to use this medium to relate with what I encountered few days ago when I want to go get some things for my family. Using what I do buy for #15k  was increased for 18.5k at a particular mall and is was like it this for real? Without knowing that it's because they are having much more purchase order than before so, the next thing they do is increase their sales price. When I discovered than it was only increased in that mall I had to change to another and surprisingly it was even sold for a price way cheaper than the previous and I ended up buying it at #13.5k that was how I had to stop going on that particular Mall.

Rushing is one of the reasons people lose in trading. They want to rush in money making.

Let us say you have $2500. Why trading all if that is all your money. Using $500 or less is enough.

You know people are always impatient in whatever thing they are doing and they felt keep increasing their trading capital could give them the required profit they mostly needed and by this way using 2500$ is really not wise, we should always considered the risk factors first because when there's no other sources of income it could be very hard to restore back the amount especially in case when someone can't fund such amount again.

[Assface16678]

Whoever does anything in fear might end up making wrong decisions, and regrets their actions, because whoever rush in will rush out with great loss. Patience is what really matters in trading and we should not allow greed allow us make hasty decisions when trading.

Rush has made a lot of traders make great losses, which assuming they didn't make such hasty decisions, they would have been able to manage their losses. Also don't enter the market when you don't understand the market. Risky business like trading needs time. Newbies rush into trading and rush out after they have lost it all.

This cant be helped, it is a common mistake of traders now a days, as many beginners has influenced by what they are seeing in internet or social media platforms about traders or influencers who promotes trading showing their luxurious life and making trading looks easy, thats why it will also give an idea and hope to the beginners that they will eventually attain that luxurious life if they trade and trade which is not, thag is a misleading what of influcencing people in trading, I also experience this kind of rushing and losing money, because I hope that someday I will hit a big jackpot but thats not the case, in trading every earning no matter how big or small is very important you just need to accumulate it and minimize the losses in order to have a good profit. Patience and hard work are a must and important in trading.

[GreatArkansas]

I agree with the title of OP. Because in trading, we really need to plan. That's why a lot of traders use charts and set up the target, entry price, and stop loss.
After that, they will try to control their self to stick with the plan with no rush. It's kinda trust the plan you made at the time you entered the trade.