The most risky adventure you must avoid

Biznesmen

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Quote from: pooya87 on October 07, 2023, 02:11:54 AM

Quote from: Forever101 on October 06, 2023, 03:54:45 PM

Don't forget that risk is venturing into the uncertainty, so endeavor to keep it a calculated risk before diving into the final decision.

The most important thing you didn't explain is "what does 'calculated risk' mean?" otherwise it is just an abstract idea you are raising here that is not going to help anybody. Here when you say "risk is venturing into the uncertainty" I have to disagree because you don't venture in uncertainty, you venture in certainty that has some small doses of uncertainty which is the risk.

For example in a trade you first analyze the market fundamentals and technicals then you make a move based on the existing market conditions. There will always be a small chance things change after you executed that trade, that is the risk part.

Calculated risk is something that differs from person to person. Because the amount of investment is different, the amount that people invest in different currencies is different for each one, and the people taking the level of risk are different. So what I am trying to tell you is that "calculated risk" is a vague term; it depends on many factors, so everything can't be spoon-fed. The amount of money that you can afford to lose is called calculated risk. Finding this risk before trading gives you a whole idea of your return amount so that you can analyze your money based on market trends and clearly understand when you want to stop.

bayu7adi

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dont be greedy

I'm sure what you mean is an invitation to step out of your comfort zone. the comfort zone is indeed low risk and provides a steady income for those within it... the nature of the comfort zone is that it doesn't offer limitless opportunities to those inside it. People in their comfort zone often feel safe and taken care of, making them more prone to being complacent and not self reliant. It's just an analogy.

So, is it necessary to leave your comfort zone? The answer is conditional. Remember!! Not everyone has the mental strength to leave their comfort zone. Even to become a tough fighter in the business or investment field, it requires starting from scratch and learning anew. This is undoubtedly risky because if you fail, you'll not only lose your previous comfort zone but also the time and money you spend to do it. So, the world is fair. Anyone willing to take risks must be prepared for the worst scenario.

Some note from me.. opportunities don't come just once, and they'll still be there as long as you live. Those who can embrace change and endure challenges are more likely to become heavyweight fighters in the business world. The chances of success will be much greater..

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Quote from: Assface16678 on November 04, 2023, 05:37:46 PM

Quote from: pawanjain on October 28, 2023, 11:11:13 PM

It's a known fact to everyone that risk is directly proportional to profits. The more risk we take the more profits we get.
But the wise one knows which risk is worth to take it and I guess that's where many fail.
We should know whether the risk we take will be fruitful to us and things won't go very bad if we fail.
I guess that's what OP means when he says "calculated risks".

I agree that trading is too risky as the price is volatile, so much so that many traders and beginner traders tend to lose some money because of their mistakes and wrong trades. But without risk, as you say, you can't also obtain profit; risk is profit. It matters how a trader turns the risk into profit; it requires skill and knowledge.

That's where calculated risks enter. A wise trader knows what amount to risk and what trade worth to risk. I personally quite mastered that thing. At first, I always raised the risk by raising the leverage but didn't do well always. There's always a perfect timing and certain point when to trade with low leverage or high leverage. I myself am a risk-taker, but not always do I know when to back down. Of course, there are trades that I want to do but choose not because of uncertainty but eventually regret not taking the risk.

That's what am talking about. These were the trades of uncertainty that lead me to losses.
You're right when you say we should know which trades to take and which ones to avoid.
If we keep taking all the trades we will end up losing a lot of money.
But knowing when to take the trades is a key skill to have to make good profits.

Renampun

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Quote from: Forever101 on October 06, 2023, 03:54:45 PM

...

This is not just about trading, this is about anything connecting to human life. Let this words be taken beyond the four walls of trading to every aspect of human life and see the result thereafter. Most important message here is to take a calculated risk

Risk has become a friend of every human being, even when we walk outside the house, we have the risk of tripping over a small stone and that is truly a truth, so does trading not have risks? Of course trading is a risky activity and is the risk too big that we can't possibly make a profit? of course not, many traders out there are making profits in trading, they are changing that perception, they are making profits even though people think trading has big risks.

Currently there are quite a lot of tricks to reduce risk when trading, that is by choosing whether you want to be a daily - weekly or monthly trader, but for beginners I really recommend just being a weekly trader, while deepening your skills and emotions in trading.

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Quote from: pawanjain on October 28, 2023, 11:11:13 PM

It's a known fact to everyone that risk is directly proportional to profits. The more risk we take the more profits we get.
But the wise one knows which risk is worth to take it and I guess that's where many fail.
We should know whether the risk we take will be fruitful to us and things won't go very bad if we fail.
I guess that's what OP means when he says "calculated risks".

I agree that trading is too risky as the price is volatile, so much so that many traders and beginner traders tend to lose some money because of their mistakes and wrong trades. But without risk, as you say, you can't also obtain profit; risk is profit. It matters how a trader turns the risk into profit; it requires skill and knowledge.

That's where calculated risks enter. A wise trader knows what amount to risk and what trade worth to risk. I personally quite mastered that thing. At first, I always raised the risk by raising the leverage but didn't do well always. There's always a perfect timing and certain point when to trade with low leverage or high leverage. I myself am a risk-taker, but not always do I know when to back down. Of course, there are trades that I want to do but choose not because of uncertainty but eventually regret not taking the risk.

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Quote from: Grizzly888 on November 01, 2023, 02:37:42 PM

I agree with the main idea of your post - risk is key point to life change. But it's also important to clearly understand, when risk has place to be and when it's bad decision to take a risk. I would say, that if you are a young guy, don't have wife, children and any huge responsibilities, it's 100% worth to take a risk - run your own startup, do investing/trading but even in that option it's important to have a sober mind and avoid extremely stupid decisions with a priory bad risk-reward ratio. By saying risk-reward ration I mean ratio between how much you put in something and how much you can gain in case of success.

P.S. Even if you are not a young dude, it's still makes sense to try take a risk, probably with the age it becomes harder, but if you have an understanding why are you doing that, you may find it easier to start.

Good luck to anyone, who is making important decisions in a life, I am sure that you will succeed!

And this is what books about investing recommend, when you are young and you have a lot of time to recover from your mistakes and you have almost no obligations that is when you should take the greatest financial risks on your life, now this does not mean doing dumb stuff but taking a calculated risk, and investing in bitcoin falls within that umbrella, as a young person could easily invest a few years of savings, multiply them with bitcoin and then start a business or buy their own house with that money and change their life for the better in a short amount of time.

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Quote from: Forever101 on October 06, 2023, 03:54:45 PM

...
To know more and gain more experience requires taking some risk that will help you learn. As a trader, just reading without practicing what you have learnt which involve some level of risk does you no good than having an ordinary head knowledge.
Don't forget that risk is venturing into the uncertainty, so endeavor to keep it a calculated risk before diving into the final decision.

This is not just about trading, this is about anything connecting to human life. Let this words be taken beyond the four walls of trading to every aspect of human life and see the result thereafter. Most important message here is to take a calculated risk

There are a lot of traders who would like want to make a trade but they don't have the guts to take a risk, some of them are not quite confident with their actions its ideal if they tried first the use of paper trading this serve as their trading grounds before committing into the live trade with the capital, with this its a good example because as the trading view the market is in real-time movement so they can test accurately with their strategy. Experience is the best knowledge in trading, even though it a second-hand information still data can be used for a possible occurrence. Profit is profit so dont be silly and getting greedy know your limits sometimes its the root of cause reason to lose your trades.

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Quote from: SquirrelJulietGarden on November 01, 2023, 08:24:06 PM

Quote from: stomachgrowls on November 01, 2023, 02:41:01 PM

This is why its really that important that on the time that you do make some errors or mistake then try out to make yourself that be able to learn from those things so that in next time then you wont really be that finding yourself to be in huge trouble which we know that it isnt something that we do really like to happen in our lives.

Risk and capital management is very important. Risk always exists in all areas, aspects in life and we can not exclude risk in our life, from any decision. However if we don't take risk into consideration for our capital management and don't have proper capital allocation for our decisions, we can do something like Using all capital for a single decision. At the end, if that single decision ends with a failure, we will lose most or all capital and with almost empty hands left after that, how we can learn from lessons and restart?

Quote

Each person does have their own takings and decisions on how things should really be that handled knowing on different life situations and conditions on which we know that it would really

Each person has very different and unique taste of risk acceptance, wealth target, greediness and more factors but to continue living well after any decision, we must have plan B or more and have savings to live with it in worst scenario like lose jobs, unemployed, investment failed.

There needs to be consideration before choosing a decision that carries the risk of losing the capital we have, we must really understand well the decision we take and it would also be better for us to have another plan if the decision we make is not in accordance with what we expected. If we experience failure in managing the capital we have, we have to fix it to be able to get a profit from the capital we have spent.

To achieve the targets that have been set, everyone does it in their own way, but we have to be able to control it so that what we do doesn't give bad results from what we do. Yes, you are right, having savings will certainly make it easier for us to avoid scenarios that we don't want and also we can still fix them after failures that we experience with the savings we have.

SquirrelJulietGarden

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Quote from: stomachgrowls on November 01, 2023, 02:41:01 PM

This is why its really that important that on the time that you do make some errors or mistake then try out to make yourself that be able to learn from those things so that in next time then you wont really be that finding yourself to be in huge trouble which we know that it isnt something that we do really like to happen in our lives.

Risk and capital management is very important. Risk always exists in all areas, aspects in life and we can not exclude risk in our life, from any decision. However if we don't take risk into consideration for our capital management and don't have proper capital allocation for our decisions, we can do something like Using all capital for a single decision. At the end, if that single decision ends with a failure, we will lose most or all capital and with almost empty hands left after that, how we can learn from lessons and restart?

Quote

Each person does have their own takings and decisions on how things should really be that handled knowing on different life situations and conditions on which we know that it would really

Each person has very different and unique taste of risk acceptance, wealth target, greediness and more factors but to continue living well after any decision, we must have plan B or more and have savings to live with it in worst scenario like lose jobs, unemployed, investment failed.

stomachgrowls

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Quote from: carlisle1 on October 30, 2023, 06:10:30 AM

Quote from: boty on October 29, 2023, 05:30:50 AM

Quote from: Natsuu on October 29, 2023, 02:20:57 AM

Quote from: kingvirtus09 on October 25, 2023, 08:03:12 AM

Maybe what Op wants to convey is that with every risk we face, we can really learn something. And besides, no one has become successful who has not been a risk-taker. It means that every person who becomes successful has to face risk, and when we say risk, that is not an easy decision.

It's really like that for a dreamer, isn't it? Everything will be tolerated and passed, even if it is difficult, as long as the important thing is that we can face it and overcome it, because for me, the risk becomes our way so that we can succeed in what we want to achieve in the future.

Right. Taking risks isn't about being reckless, it is about being open to opportunities and growth. Sometimes you might fail, but that's okay because you learn from it and come back stronger. But we should always consider our risk tolerance. It may sound contradicting but it is not. It is normal to know when to stop.

We will not be able to make decisions rashly, of course the decisions we make rashly, very often we are wrong in deciding something, so it would be better when making a decision we do it with the right calculations and even if the decision we make is not right then we have a backup option that we can use for the decisions we make. Even when taking risks, we have to really think about it very well so that the risks we take can get the results we want.

We have that guts to take the risk and always have that alternative options in case things didn't favor our way, I'm sure it's not as easy as
it was, but the chances and possibilities are always present to whatever decision making you take.

It's you and your understanding that value the most. You need to work more with the way you fully understand the business and what are the opportunities.

With those knowledge, you might be able to prevent wrong decision making or lessen the chance being caught behind the market.

But we should really that bare into our minds that there are really things which cant be avoided no matter how you do make yourself that wary or really that been aware about into those possible things to be encountered on which means that it is something that inevitable.This is why its really that important that on the time that you do make some errors or mistake then try out to make yourself that be able to learn from those things so that in next time then you wont really be that finding yourself to be in huge trouble which we know that it isnt something that we do really like to happen in our lives.

Each person does have their own takings and decisions on how things should really be that handled knowing on different life situations and conditions on which we know that it would really
vary into each person since it would really be that not the same. The common action needs to be done is to reassess and try to find out on what are the best solutions or things
that you would really be needing to do so for you to be able to sustain out.

Grizzly888

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I agree with the main idea of your post - risk is key point to life change. But it's also important to clearly understand, when risk has place to be and when it's bad decision to take a risk. I would say, that if you are a young guy, don't have wife, children and any huge responsibilities, it's 100% worth to take a risk - run your own startup, do investing/trading but even in that option it's important to have a sober mind and avoid extremely stupid decisions with a priory bad risk-reward ratio. By saying risk-reward ration I mean ratio between how much you put in something and how much you can gain in case of success.

P.S. Even if you are not a young dude, it's still makes sense to try take a risk, probably with the age it becomes harder, but if you have an understanding why are you doing that, you may find it easier to start.

Good luck to anyone, who is making important decisions in a life, I am sure that you will succeed!

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Quote from: Aanuoluwatofunmi on October 21, 2023, 05:16:19 PM

Quote from: Forever101 on October 06, 2023, 03:54:45 PM

Snipped

From your topic and what you given, through the discussion, you're saying that it's good to take risk and also avoid taking much of it when we seek in for knowledge, yet your title is talking more on risky adventure to avoid, but we all know that if there must be a successful business enterprise, then we must take risk, in trading, either you like it or not you still must take risk, not because we don't know about it, but because in other to make us approved for the success achievement we aimed at in what we do while trading.

The Op, was trying to make nice use of his words and yet he tried to convey his message. Only the title of the thread did not make sense, but when you read down the body I think it is connected. The slight contradiction is when he advised that we should take risk and also not to take to much risk. This idea is landing that we should attempt only calculated risk.

There's no type of investment that is totally risk free. You must be committed and willing to take risks before you could succeed in life.

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Quote from: Issa56 on October 29, 2023, 08:16:14 AM

-snip-
and some people have committed suicide just because of the risks they took. I know if you can't take a risk, then it will be difficult for you to make it, but when taking a risk, always know your limit and don't always exceed it.

Only a fool would commit suicide because of the risks involved in a failed investment.
Actually, to take the path of great risk, one must know about the path and have studied it.
Learn from the experiences of others who have been through it, then you will not experience too much impact and know what needs to be avoided.

The mental pressure will be tremendous, but as long as everything is under good control, everything will be fine.
A trade or investment made as long as it uses money that is not needed for other things, then it will be a support so that you do not stress or anything like that and invest in the right platform or coin that has good development.
It will give you a good return as well.

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Quote from: boty on October 29, 2023, 05:30:50 AM

Quote from: Natsuu on October 29, 2023, 02:20:57 AM

Quote from: kingvirtus09 on October 25, 2023, 08:03:12 AM

Maybe what Op wants to convey is that with every risk we face, we can really learn something. And besides, no one has become successful who has not been a risk-taker. It means that every person who becomes successful has to face risk, and when we say risk, that is not an easy decision.

It's really like that for a dreamer, isn't it? Everything will be tolerated and passed, even if it is difficult, as long as the important thing is that we can face it and overcome it, because for me, the risk becomes our way so that we can succeed in what we want to achieve in the future.

Right. Taking risks isn't about being reckless, it is about being open to opportunities and growth. Sometimes you might fail, but that's okay because you learn from it and come back stronger. But we should always consider our risk tolerance. It may sound contradicting but it is not. It is normal to know when to stop.

We will not be able to make decisions rashly, of course the decisions we make rashly, very often we are wrong in deciding something, so it would be better when making a decision we do it with the right calculations and even if the decision we make is not right then we have a backup option that we can use for the decisions we make. Even when taking risks, we have to really think about it very well so that the risks we take can get the results we want.

We have that guts to take the risk and always have that alternative options in case things didn't favor our way, I'm sure it's not as easy as
it was, but the chances and possibilities are always present to whatever decision making you take.

It's you and your understanding that value the most. You need to work more with the way you fully understand the business and what are the opportunities.

With those knowledge, you might be able to prevent wrong decision making or lessen the chance being caught behind the market.

Issa56

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Quote from: Forever101 on October 06, 2023, 03:54:45 PM

However, the worst risk in the world which I am here to advice everyone at this moment is that it is MOST RISKY not to take risk.

when you are not ready to take risk, then you are not ready to succeed in life, It's always good to take risks, but you know, when you are about to take risk, always make sure your risks are minimal. You don't have to take risks that after things don't go well, you might end up being affected. I have seen some people having health challenges because of the risks they took, and if things don't go well, the shock was what affected them, and some people have committed suicide just because of the risks they took. I know if you can't take a risk, then it will be difficult for you to make it, but when taking a risk, always know your limit and don't always exceed it.

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Quote from: Natsuu on October 29, 2023, 02:20:57 AM

Quote from: kingvirtus09 on October 25, 2023, 08:03:12 AM

Maybe what Op wants to convey is that with every risk we face, we can really learn something. And besides, no one has become successful who has not been a risk-taker. It means that every person who becomes successful has to face risk, and when we say risk, that is not an easy decision.

It's really like that for a dreamer, isn't it? Everything will be tolerated and passed, even if it is difficult, as long as the important thing is that we can face it and overcome it, because for me, the risk becomes our way so that we can succeed in what we want to achieve in the future.

Right. Taking risks isn't about being reckless, it is about being open to opportunities and growth. Sometimes you might fail, but that's okay because you learn from it and come back stronger. But we should always consider our risk tolerance. It may sound contradicting but it is not. It is normal to know when to stop.

We will not be able to make decisions rashly, of course the decisions we make rashly, very often we are wrong in deciding something, so it would be better when making a decision we do it with the right calculations and even if the decision we make is not right then we have a backup option that we can use for the decisions we make. Even when taking risks, we have to really think about it very well so that the risks we take can get the results we want.

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Quote from: kingvirtus09 on October 25, 2023, 08:03:12 AM

Quote from: Aanuoluwatofunmi on October 21, 2023, 05:16:19 PM

Quote from: Forever101 on October 06, 2023, 03:54:45 PM

Snipped

From your topic and what you given, through the discussion, you're saying that it's good to take risk and also avoid taking much of it when we seek in for knowledge, yet your title is talking more on risky adventure to avoid, but we all know that if there must be a successful business enterprise, then we must take risk, in trading, either you like it or not you still must take risk, not because we don't know about it, but because in other to make us approved for the success achievement we aimed at in what we do while trading.

Maybe what Op wants to convey is that with every risk we face, we can really learn something. And besides, no one has become successful who has not been a risk-taker. It means that every person who becomes successful has to face risk, and when we say risk, that is not an easy decision.

It's really like that for a dreamer, isn't it? Everything will be tolerated and passed, even if it is difficult, as long as the important thing is that we can face it and overcome it, because for me, the risk becomes our way so that we can succeed in what we want to achieve in the future.

Right. Taking risks isn't about being reckless, it is about being open to opportunities and growth. Sometimes you might fail, but that's okay because you learn from it and come back stronger. But we should always consider our risk tolerance. It may sound contradicting but it is not. It is normal to know when to stop.

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Nothing lasts forever

It's a known fact to everyone that risk is directly proportional to profits. The more risk we take the more profits we get.
But the wise one knows which risk is worth to take it and I guess that's where many fail.
We should know whether the risk we take will be fruitful to us and things won't go very bad if we fail.
I guess that's what OP means when he says "calculated risks".

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Quote from: Forever101 on October 06, 2023, 03:54:45 PM

Boom, the headline cut your attention right? That's perfect.There are lots of risks in business, investment and trading which is not new to anyone. They have become a common life phenomenal.
However, the worst risk in the world which I am here to advice everyone at this moment is that it is MOST RISKY not to take risk.
All great men of our time, have taken one risk and the other, break the barricade of fears and venture into the uncertainty as you uncover your potential.

Any business that are in this world as a risk, every drive opportunity always look like fake and impossible to achieve by you, so if you're observing others people they will live and continue making their own. What ever you wanted to do in this life you have to think well and make your decision as much as possible before begin, so that you can know how to avoid risk, can you explain why do we have too many intelligent people that are poor? It's because they analysis too much without action.

Quote

Well to be sincere with you, everyone who had taken risk and had come with a success story have one common line of story to tell us all that they have taken a calculated risk. Every investor, trader and the rest should learn to take a well calculated risk.

The path to success always involves taking risks. Some people endure many problems before obtaining their goal, while others make it easier, but you cannot compare yourself to others who make it easier. Just relax and conduct more research on what you want to invest or even in terms of trade, because you can't just start something you don't know anything about; I think it will finish up at zero.

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Quote from: kingvirtus09 on October 25, 2023, 08:03:12 AM

Maybe what Op wants to convey is that with every risk we face, we can really learn something. And besides, no one has become successful who has not been a risk-taker. It means that every person who becomes successful has to face risk, and when we say risk, that is not an easy decision.

All work has risks and people who are able to face and overcome every obstacle such as the risks of every job they do will more often find satisfying results, namely becoming successful. Because good results will not come by themselves if we do not face them with enthusiasm and confidence, and every decision that will be made must have been considered for matters related to risk so that it will not be so difficult for everyone to make any decisions that related to his work.

Quote

It's really like that for a dreamer, isn't it? Everything will be tolerated and passed, even if it is difficult, as long as the important thing is that we can face it and overcome it, because for me, the risk becomes our way so that we can succeed in what we want to achieve in the future.

Success is the achievement of the final result that is made as a goal after going through many efforts with obstacles that must be faced by each of us. This means that the risks of any work only need to be understood and known well so that we can have good gaps and paths when completing a job, so that risk does not need to be seen as a difficult burden.

Topic: The most risky adventure you must avoid (Read 805 times)