Panic when you see a market that is going down is natural for a trader, because it is human psychology, but do not let the panic hurt you, you must be able to master yourself, and correct yourself if you want cut loss, do not get carried away
Yes, I believe on human psychology, where people reacts on an event where they change it afterwards and called it "Initial Reaction" but on this industry where changes is happening on minute basis, Initial reaction should quickly shift into a right one to. Im trading for years and got a lot of experiences to market volatility, i get used to it and know what to do whenever it happens.