Post
Topic
Board Trading Discussion
Re: what do you do against the panic
by
pawanjain
on 28/02/2021, 17:12:44 UTC
newbie here  Cheesy with small fingers Bought 5k when price was around 50k. Nows it’s dropping and I’m panicking Undecided Undecided
How to overcome panic and think about stopping loss? When will you determine the most appropriate time to sell?

There should be no sell if you are planning to invest in it for a long term. Just invest and forget about your investment and don't look at the price.
Just check the price once in few months to get know the trend. If you are in it for the short term then determine you strategy and buy/sell according to your targets.
It's okay for the price to fall when you invest in it for the long term. Corrections do happen from time to time in crypto and we have to be ready for that.