Quote from: Paycoinzzz on September 10, 2017, 05:42:24 AM

Quote from: melted349 on September 09, 2017, 03:59:54 PM

Quote from: geegaw on September 09, 2017, 03:34:00 PM

Quote from: knightmairesaint on September 08, 2017, 10:29:13 PM

Quote from: smusanne on September 08, 2017, 09:14:44 PM

I find that for the most part I tend to panic once the price of my coins is crashing but has recovered slightly and I do not know if it will crash again or recover fully. I find it is best to just remain clear headed and think with clarity but I know that my fear inhibits that slightly. I am however very good at forgetting about a trade once i have made a decision.

Right, it is very important to be able to think clearly while trading. Monitoring the market price is somehow an can be very stressful and if we get emotional in monitoring, it can lead decisions that we are going to regret.

I have panic sell during the hard fork. I have lost more than 50% profit that I could have earned. I really do regret it and I wish that I could go back time to stop myself from selling. But of course, I cannot and what I can only do is to accept what happened.

Trading is a psychological game, and if your psyche is affected, you will easily panic and make the wrong decision, I know we have a lot of fear to face in trading. Fear of losing money, fear of losing, fear of falling prices, but we need to calm down and control our emotions more, and the key to this is knowledge, knowledge helps us to know the problem more clearly, it is the basis and also the reason that helps us to have confidence in our decisions, without it, our beliefs are easily collapsed.

I agree with you that trading is a psychological game it is a test on how you handle your emotions and it test your personal attitude for who you are how patiently you are interms of this method so for me panicking is not be a good attitude for the trader maybe for what you have experienced here may truly help you to be a good trader.

Well, if you can keep your calm and opinion, do not let anyone changes your thought, you will have high ratio winning in this field.
Of course, it just useful when your predict is right, sometimes, keep your opinion just make you do not accept your loss Grin

we must have our self opinion when the market is down and its better to be patience and calm, actually we are not lose and be sure that in next day, we can sell at the high price. but yes, i realize that sometimes panic can come to us especially if we are not ready to face everything that is out in our prediction or what we are thinking. but as long as we can handle our emotion then i think we can stay calm with everything happen in the market.