Almost a 85% of people failed because of human error and not by trading itself. The number one error im talking about is panic selling. Two words but put people in stress and losses big time. So how can you manage to avoid getting stressed easily and panic sell? Im telling you some.
- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.
- prepare yourself from future losses you have because its just normal. Negatives are part of the market balance. You are not a real trader if you dont experience it. Its sometimes an indicator that you should buy on that time.
- always think that its not yet a loss if you dont sell it.
- always have patience and wait for the right time to sell.
- BUY LOW SELL HIGH and get committed to it.
- dont believe on manipulators or those people who talks negatively to keep you from being motivated. Remember that you have more knowledgeable than them.
If you have some tips in additional then give some. Lets all help those who are in confusion right now.
Yes ofcourse panic selling contributes more to the dump situation whicb in turn leads to decrease in price fall.The new traders must invest keeping in mind the risk and volatility factors and keep control over their nerves and keep calm in these situation.This is way by which panic selling can be controlled.