Quote from: Xxmodded on Today at 05:13:18 AM

Quote from: Gemini24 on November 28, 2020, 08:39:56 AM

I am just a beginner in trading, before it all started I was just reading here and trying to get some hint on how to trade. I also wanted to learn in trading so that even if I was just at home i am also earning, i thought it's easy to do but i'm wrong. I was happy when I increased my token due to trading (buy and sell) and I tried to increase it again and bought the order again, but my token was left in the buy order and the token's value suddenly went up. I panicked and suddenly even though the value was high I still tried to buy, because I thought I might lose if I left my buy order because it was vague to be reached again because it was too high. And the result was only 1/4 of my total token left to me .. I was very sad but I couldn't do anything but to move on, and learn from my experience. The saying is very true to me that you will only learn from your own experience and not from the others advice.

This called with panic buying or selling in trading, looking for when coins have going down many people try to sell although loss much assets and don't care with other opportunity coins will grow up again, last another side many trader will be panic for buying when seeing coins have reach higher price and touch more than 50% or 100% but brave to buy without think before price suddenly will be dump. Make the experience as your lesson how to manage good management trading on the next time, you must know when have to sell or buy some coin and always remember never buy on coin have raise higher price because its not worth and make you have hold for long time.

Panicking is what we should avoid especially if we want to protect our capital in trading, it is all about having self-confidence and knowledge. Those two are important and it is connected to each other wherein if you do not have any one of them then you will not overcome the panicking wherein it can affect your trading performance. There is panic that is happening if you do not know what you are doing and it is the reason why experience is important because having a lot of experiences can help us to have self-confidence to execute our plan. Pressure in trading is normal but we can handle it if we have skills and also knowledge to determine what kind of strategy that we should use. I remembered before that I keep panicking but the good thing is I managed to overcome it because I have determination to learn about new things in trading.