Panic is a sudden sensational fear, when we panic were of control to our mind so they have a chance to loose everything in a few minutes, A significant factor in panic buying or selling can be irrational exuberance or highly emotional trading. these trades be driven by fear, market sentimental and overreaction to news that may only have short term effect, don't panic buying or selling. Don't control our decision based on our emotion the more we rely on our emotion the more we get wrong.