Quote from: Altryist on May 12, 2022, 07:45:42 PM

Quote from: Webetcoins on May 12, 2022, 08:35:41 AM

If they are a day trader then yes but for the other type of traders mistakes can rarely occur on them most especially if they mastered it already. It's fine to make mistakes as long as you can correct them as soon as possible and make more than what you have lost due to your mistakes.

Traders who are hurrying can be a newbie trader because experienced traders are organized and will execute things more calmly. They know that rushing cant do good on them. I think you define FUD wrongly. It must be FOMO where people rush and buy at the top but FUD can cause for someone to sell at lows because they are too scared and thinks the price will dump more according to what they heard.

It all depends on the situation, maybe sometimes you need to sell on a fall in order to save at least part of your funds, this may apply to force majeure cases, like the fall of Luna, but this is really an exception to the rule. A trader who trades for a long time and receives a profit from this can be called an experienced trader, which means he follows the rules, and knows how to do it. If for a long time the trader has only losses, then this is just a gambling and it will not last long.

@Webetcoins Well said but there's a difference between being an experienced crypto trader and having emotional control. There are a lot of traders that understand the situation of the market but lose their intelligence due to the buzz created by the market.

@Altryist Luna is a community supported crypto and if it experiences a 99% dump in price due to an attack it doesn't mean it won't see some bullish again and when it storming it's better to wait for the sea to be clear than jumping into concluding if no stop loss strategy is implemented before the dump occurs it better not to sell.