Topic: The most risky adventure you must avoid - page 3. (Read 732 times)

Well, no matter how good we are at a certain point, expect that the risks will always be there. Maybe you said there are zero risks because you chose to take calculated risks, but still risks are risks, and it will always be present until you overcome them.

Volatility is what makes trading more risky to take. But we should also know that if there’s no volatility, the market will be boring to trade as there will be no exciting price surge that really motivates to keep trading the best way we can.

Yes, no one can win up to a 100% ratio, but some trading plans and risk plans will work well if they are disciplined.

But can they stay disciplined?
This will be a challenge for every trader because the psychology of trading will affect their discipline in implementing the trading plan.

When psychology cannot be controlled because it is too panicky when the market is not in line with expectations, then it also affects the trading plan.
Having a backup plan is necessary to overcome the initial plan that fails due to changing market trends.

Well, everything is risk and the key thing is to embrace it.

There's a risk of not having a profit when you don't take a trade. There's a risk of losing money when you take the trade.
That's why risk management is important. You cannot win 100%. BUT you can follow your plan and risk plan 100%. If you can follow it rigorously, with your edge working, a risk-reward in your favor at least 2:1RR, then you're fine trading. That's the calculated risk and the probability of your own edge and understanding in the market will take the rest.

You just need the discipline to follow it.

People who dare to take risks will get a greater chance of making a profit, but I believe they do it with very careful calculations, they can't avoid risks but can reduce them, and when they finally fail the risks they take won't bother their lives at all, because it has been done very carefully, for example, when investing, they dare to choose investments that have a higher risk but do not use the money for main needs so that the investment results do not interfere with their finances at all or can ruin their life.

That is the thing that makes a lot of people not earn a dime, fearing that you would lose and I would not be a person like that ever. I think tis obviously that a regular 9-5 job life would have been decent for me, and I would have done fine, and nobody would have been able to say something to me since I was doing my work and not like that would change anything, but that also doesn't mean that I would just do that all my life and just be happy with what I have and never aim for anything bigger with myself.

I mean I knew that I could have done better, and I found a freelancing job that is AMAZING and been investing into bitcoin with the income and now I am doing probably two three times better than what I would have done with a regular 9-5 job.

That's how life is, nothing is without risk. Of course everything has its own risks, even working in your comfort zone of course still has risks. It's just that the level of risk is low or high, that's what makes the difference.
When it comes to risks in crypto trading, they will also vary.

A new trader or newcomer to crypto trading definitely has a higher risk compared to professionals. And if it is related to experience, yes of course, even a professional trader has definitely been a newbie. what makes the difference is how the next process goes. Of course, our ability to take risks varies, this will also depend on our personal provisions as well. For example, newbies with fairly good knowledge regarding trading and analysis, and equipped with risk and financial management, as well as emotional management, will definitely be better prepared to accept the risks, compared to newbies who are really new and have not prepared themselves well. and enough knowledge when starting trading. Both certainly have their own risks, and it is impossible for a trader to never lose their money in trading. surely they have lost money.

The next difference is the trader's attitude when facing trading results, both gains and losses. They will take various lessons from this experience, especially the experience of loss. In this way, they can re-adjust their strategies and tactics as well as their trading analysis based on previous experience. And this is what makes their experience valuable day after day. All losses and gains can be used as valuable learning. This will be different when we experience losses and just give up. Or try trading other coins but without evaluating the analysis and strategy.

The question we need to always ask ourselves before we take any decision is if the risk we are taking is justified when compared with what we are trying to gain? Because if that is not the case then we are making a bad business even if we were to win, it is because of this that investing in shitcoins is always a bad decision even if you were to get good results, as if you keep doing this then sooner rather than later you will fail and you will lose whatever money you won plus a great deal of your capital as well.

Well, losing is so painful but we also remember that no risk, no gain. No matter what kind of investment we have to start, risk is still there and we can possibly lose time especially if we don't manage too carefully. It was very clear to us that no investment that has no risk and no way we can avoid it. The more we become afraid to face reality, the more we lose our courage and hope. In order to improve our living and reach our goals, we must have to take risks and we are obliged to do that otherwise, we'd rather stop thinking about our goals.

What I understand when people dare to take risks with the possibility of smaller than success will allow someone to think more critically with what they do and accept the impact if he does not succeed in accordance with his plan and expectations, but people who take risks will have more probability of getting the goal What he wants, because he will always be demanded to learn and understand even if they have failed in previous times.

Sometimes we have to distinguish careless people and people who dare to take risks, of course, people who take the risk of thinking more about the possibility of the decisions taken, compared to people who are careless in making decisions both in trade or other things.

Well, to be honest, I see beginners in the crypto community still buying Bitcoin despite the fact that they don't fully comprehend it. They merely act in this manner because they observe or hear about it in the news on TV and believe that Bitcoin will eventually reach a high value.

But even so, if we don't give something we believe in a chance, how will we ever know how it will turn out? Then, if we think that the only way we can make money off of our investments is if we have the guts to take the risk that most others are afraid of and worry about, then we can be sure that nothing will change in our current careers or in our personal lives.

Sometimes your situation cause the risk taking in your life,mostly due to huge expenses caused by your parents or grand parents.You are forced to earn more money from different sources.So the risk get into you by the emergency situation.The risk in your life give us the more lesson and build ourself to the good way.Mentally you become the stronger person as compared to the normal people.The calculating the outcomes of the risk before taking the risk help us to keep some backup plan before risk taking.

Some risks cannot be really calculated, no matter what you you bargain for before taking the risk, you will find some things more, that make it more risky. The mindset of a risk taker should be not to expect an easy risk, but to be  prepared for whatever happens with a courage to see it to the end. Calculating the risk before you take it is good but can also make a potential risk taker change their mind because they think they do not have what it takes to pull through after considering and calculating the risk they are about to take. Be courageous when taking risk.

Having no risks taking decision wouldnt really be making yourself that having no progress or doesnt really have the chance for you to make yourself that being successful and would really be that stagnant.
We do know that it isnt really that something so simple though because taking risks does involved on losing money too but since you are aiming for something better then it would really be just that normal that you would really be needing to take risks and if not then you wont really be gain nothing. Its true that this isnt really that just limited on investment or trading purposes or area but also in other things in life
on which it would really be needing up for us to make some good decision making and assessment whether we should act or would really be that sitting idle.
We do know that in order to have that progress then it would really be just that normal that you would really be needing to have those typical actions and considerations that you should be making.
Sitting still and doesnt really do something will really be leading to nothing.

Not all risks can be calculated, as life often likes to present various unpleasant surprises - for example, health problems or problems with loved ones. And in this case, the whole well-constructed plan starts to fall apart. It is always necessary to take into account that any situation is possible. Life can be cruel

I agree, it's contradictive statement because you can't calculate risks with uncertain situations. It is true that there should be always a risk in order to gain success, but wouldn't it be good if the risks are calculated? you don't need to walk in room with the lights off, you can definitely read the room and study how are you able to cross that room.

But isn't it in trading there is no calculated risks? I mean yes we can manage the risk but it is not measurable, often happens to be the exact same way as we plan it? Indicators might be useful to know the risks of investing or trading but these indicators aren't accurate at all. In my opinion, cryptocurrency trading isn't for the safe player, I've witnessed it all and heard some of the most breaking stories on crypto taking risks they thought is fine, and ended in cruel way.

Without risks, we can't reach to a position where the top people are. Maybe things will be going better, but in the place we have in mind, it would be very difficult for a person to reach that position without taking risks.

If someone doesn't take risks we don't say that they are negative-minded or they just don't know about trading, sometimes a person has more burdens on him in his daily life or his family, For example, if a person has some problems in money, so definitely he like to invest, trade, etc. but he can't take risks as he couldn't take risk at this time. Also, about a field, thing, etc. we have to gain much knowledge about that. In this way taking the next steps will be easy for everyone.

Though it's true that one needs to take at least some amount of risk in order to gain something because as they say, there is no gain without risk. However, I believe venturing into the uncertainty and taking calculated risks are contradictive sentences because one cannot take calculated risks when they are venturing into the uncertainty, and when you venture into the uncertainty, that means that the risks you are about to take are also uncertain so there can't be any calculation in that sense.

Taking trading as an example, a calculated risk would be investing in a cryptocurrency that you know has been performing pretty well for quite some time and it is now lower than usual, when you invest in that, you are risking your money but it's calculated since you know there are higher chances of it giving you profit. On the other hand, if you buy a cryptocurrency that has just been launched and there is no history for it, and all you are risking your money on is the trust you have in the project and that's it, now that is what we can call venturing into the uncertainty and there is basically no way you can calculate the amount of risk in this case.

You have to follow whatever the setup that you create, limiting everything in terms of time and money when you are inside gambling
is very important, it gives you the chance to complete the enjoyment.

I mean, either you win or you lose if you set up your limitation and not to allow yourself to exceed from it will be just a fine day for you after playing.

You can quit/stop without any regrets that you lose too much or if you manage to quit while you are still in positive then it will add up
with the fun that you experienced after playing.

Absolutely, you hit the nail on the head there. When you don't calculate the risks, it's like going in with this unwavering belief in your success rate, almost like relying solely on luck, which isn't the best strategy. Luck tends to be a fickle friend, it can't always be on our side, and if we rely on it too heavily, we're likely to end up losing our money. All our efforts would go to waste, and we'd just keep failing. That's why it's crucial to take calculated risks and make informed decisions, especially in areas like gambling or investments.

To be successful as a businessman we must take risks, if we can risk our lives to ride the world's most terrifying roller coasters, why can't we risk money to succeed in life? 
Wise people say take money risk instead of life risk because money risk can change your life. 

When Elon Musk first sent his satellite to the moon but the first time he did not succeed. He failed three times but he did not give up. The fourth time he successfully landed his rocket on the moon. Elon Musk would not have succeeded if he had failed first and not taken risks later. 

As many people who have succeeded in business we don't just look at their success we have to see the real story behind their success, behind everyone's success there is a story of failure and those who overcome that failure and take risks are the ones who eventually become successful.