Post
Topic
Board Trading Discussion
Re: what do you do against the panic
by
chaser15
on 28/02/2021, 20:50:38 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?

To overcome panic will take a longer process until you become used to it. But look at the positive side, BTC is always swinging around $50,000. Not because it's $44,000 today, it can't reach the $50,000 again. You are still holding so it's not totally a loss until you sell it.

When will you determine the most appropriate time to sell?

Hard to decide on this one but mainly, always in profit of course, and not targeting too much of a high price.