Emotions. Thats what it is. Its just pure emotional decision making. They panic and dont think and would rather take the loss than be able to bear the pain .
Yes probably with mixed emotions, an overwhelming of fear of anxiety no self control. That is the time you can't think straight and you sell and burn all your profits and much worst even your capital. We should aim away from failure's and forget about how the market's movement just hold and sell on the right time. Sometimes we are very much greedy for money and we don't think what would happen next. We should be ready on what painful it goes that's traders life.