What are you doing when the market is panicking?

[Mr. Magkaisa]

I am holding, everything I have bought is significantly down from the price I bought them at and I can't get myself to sell at much lower prices.

           -     You are doing it right mate because this is the only best way when we are in this momentum of panic mode period in most crypto communities. Others are carried away by the worries of others so because they are controlled by their fear they are able to sell their assets for less than the price they bought them, particularly most of the time in bitcoin.

But if they had a broader knowledge of the behavior of bitcoin or crypto, for sure they would not have been carried away by such situations that make most people nick.

[SmartGold01]

Of course it's always important to trade with stop lose and take profits, this helps us to regulate how much we can lose while trading especially when we're not actively in the window while trading or maybe decided to go for a short break, this would help to control how you lose money while trading except such person is a greedy trader that wouldn't want to take profits.

We as crypto traders should not be greedy, and I think trading anything is the same. Getting a little profit is okay, as long as you don't lose.
So we need to learn the right time to do stop loss and take profit, don't let it be when we make a profit we just keep quiet and when we lose because the price drops we sell.

Most traders do target huge profits without them knowing that it could also lead to losing higher amounts especially when they are being carried away they wouldn't know when the market would turn the other way. Trading is simple when if we don't look at higher profits from the market rather coin around every single dollar we make add profits to account.

Yes, that is not the right way to trade, therefore I strongly discourage it. And if we still often trade like that, then from now on it must be changed immediately, do not be too eager to get big profits so that you let go of moments that we can actually use to collect profits. I believe that if we want to learn, then the greedy nature in trading will gradually disappear.

A real trader often do not allow greed to will over them as it's a major force of failure while trading and to overcome this is to entirely reduced their attention and mindset towards channeling them into become that greedy while trading.
It best advisable to only trading with an amount that can be able to risk than using amounts far way too higher for them to lose due to their selfish nature.

[vegasus]

A real trader often do not allow greed to will over them as it's a major force of failure while trading and to overcome this is to entirely reduced their attention and mindset towards channeling them into become that greedy while trading.
It best advisable to only trading with an amount that can be able to risk than using amounts far way too higher for them to lose due to their selfish nature.

Yes, because they are used to it and are able to control it all, the emotional emotions that can destroy the trading tactics that are being carried out. Of course, it must also be full of struggles in the process, but when they have really succeeded in becoming real traders, with all their experiences, they will be much wiser, more mentally and physically prepared, stable and mature in their level of knowledge, both in terms of analysis and self-control.

[Themepen]

           -     You are doing it right mate because this is the only best way when we are in this momentum of panic mode period in most crypto communities. Others are carried away by the worries of others so because they are controlled by their fear they are able to sell their assets for less than the price they bought them, particularly most of the time in bitcoin.

But if they had a broader knowledge of the behavior of bitcoin or crypto, for sure they would not have been carried away by such situations that make most people nick.

You are exactly right it is best way to handle things when everyone in crypto world is panicking. People can easily get worried because they see that others are worried and then they sell their crypto for less money.

But if they knew more about how Bitcoin and other cryptos usually act they probably would not get so scared by these situations that make most people nervous. Understanding history of Bitcoin price and how crypto market goes up and down can really help to stay calm during these up and down cycles. People who sell in panic mostly do not know bigger picture and let their feelings control their decisions instead of thinking long term. Having this knowledge can help to make good choices instead of just following crowd fear.