How many times did you panic sell?
- Thread starter Alan Au
- Start date
How many times have you traders "panic" sold, only to see your stock go back up in the upcoming weeks/months (maybe not a good waiting time for you but still)?
Just a fun question
I "panic" sold yesterday during a period of extreme volatility. However it was just a test, and so I got right back in.
How many times have you traders "panic" sold, only to see your stock go back up in the upcoming weeks/months (maybe not a good waiting time for you but still)?
Just a fun question
Not all that much fun, Buckeroo.
You want people to confess when they screwed up and stopped out too quickly??
What wisdom is there in that revelation?? (I once missed a $600K profit by a $.10 fill in the S&P big futures contract . Who wants to tell the world about that? And that's when $600K would have been "a lot of money" to me.)
I have panic sold to watch the stock go back up, and I have panic sold before the stock completely crashed and company went bankrupt.
You take a risk when you initiate a trade.
You assume a certain amount of risk when you set your stop.
No trader knows anything for sure.
You assume a certain amount of risk when you set your stop.
No trader knows anything for sure.
Not if you've experience it
Every time my platform..., or internet crashed
Every time the electricity has gone out (why I installed a UPS)
The time my cat jumped up on the key board - granted it was a profitable trade - but unplanned - I don't do unplanned
Note; I removed the word panic..., and added a few time increments
Answer; More times than I can count
And yes there have been many panic exits - out of my shear terror/ stress / nerves / panic
RN
I 'panic sold' alot as a beginner. -- that. and everything else in the rookie typical mistake book...made me lose 40% of my account relatively quickly. 
You get smarter and wiser and develop a knack or intuition as a trader as you progress. (hopefully you do, before you get totally wiped out again,and again)
You get smarter and wiser and develop a knack or intuition as a trader as you progress. (hopefully you do, before you get totally wiped out again,and again)
Panic sells reveal themselves with hindsight, but the last memorable panic sell - that feeling of fear - was last October when the oil stocks were diving hard. In hindsight I think it was a lot of forced selling from over-leveraged investors, but I exited several positions that would've been better to hold for rebound, and I've learned that ideally I'd be buying (have cash available) when I feel that way. If I'm doing a trade on discretion, I've learned to try to poll my emotions for whether I'm feeling fear or greed.
Like others have said, I've also sold a stock only to check back on it months later and it's gone down much further - even bankruptcy. Financial stocks are particularly dangerous for me in this regard. Surprises can seem to come out of the blue and demolish them.
Like others have said, I've also sold a stock only to check back on it months later and it's gone down much further - even bankruptcy. Financial stocks are particularly dangerous for me in this regard. Surprises can seem to come out of the blue and demolish them.
What about companies with strong fundamentals? Do you think it'd be wiser to just hold through the temporary decline in industry/market condition?