Panic rapidly

[Juskopo]

Do you panic if the price fall rapidly?

[Mr. Cid]

I panic every time the coin that I've invested in moves downward.

[AbdulShiek]

Do you panic if the price fall rapidly?

That's the reason sometimes I close my order without thinking of the future. I hope I can contain my emotions.

[Newbie_trader]

Nope! I am learning how to control my emotions to avoid unnecessary trade.

[Mr. Cid]

Nope! I am learning how to control my emotions to avoid unnecessary trade.

That's great! Do you have any tips to avoid panic selling? Lately, the value of Bitcoin has rapidly dropped. Some people say that Bitcoin will have decreased by 10% at the end of December.

[AbdulShiek]

That's great! Do you have any tips to avoid panic selling? Lately, the value of Bitcoin has rapidly dropped. Some people say that Bitcoin will have decreased by 10% at the end of December.

Do not sell out your deal out of panic. If you do, you're helping the Bitcoin to bleed even more.

[Aya]

I never did panic selling. This is the first tip that my aunt taught me when she oriented me about cryptocurrencies. She told me that sudden drops in the price are normal and that I shouldn't be swayed by those. That is why right from the start, I already made efforts to control my emotions.

[Mr. Cid]

I never did panic selling. This is the first tip that my aunt taught me when she oriented me about cryptocurrencies. She told me that sudden drops in the price are normal and that I shouldn't be swayed by those. That is why right from the start, I already made efforts to control my emotions.

I am having a hard time when it comes to controlling my emotions. I panic every time I witness the dramatic movement of the coin. I always have to rely on my decisions based on what I read..

[Aya]

I am having a hard time when it comes to controlling my emotions. I panic every time I witness the dramatic movement of the coin. I always have to rely on my decisions based on what I read..

Well I guess that recognizing your own weakness is a good sign. Look for a way to solve this issue. If you will keep on being unable to control your emotions, then trading would be very hard for you.

[Sendo12]

I think every newbie trader has gone through this phase. Panicking when the price dropped drastically but it is a mistake that shouldn't be repeated. Panic buying/selling often only leads to losses.