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Topic: The most risky adventure you must avoid - page 5. (Read 805 times)

hero member
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October 07, 2023, 04:24:01 PM
#26
Calculated risk doesn't work every single time, especially if you don't excel at math, or you messed up analyzing the chart and confidently entered a trade hoping for a bigger profit that ended up liquidated that made you frustrated, depressed, angry, and lost in your madness while chasing your losses forgetting the golden rule, always calculate the risk.
Well, obviously if you can’t analyze the situation well, and the factors that put you in that situation, then you will never know how to calculate the risk. Taking risk is good, but it will be a lot better if you know how to calculate the risk to achieve positive outcome. In short, never enter such trading or investment if you know you are not yet capable to manage and overcome all the risk. Otherwise, you enter such risk and still end up losing again and again because you are not prepared for it.
hero member
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October 07, 2023, 04:11:05 PM
#25
You are preaching for risk involved in cryptocurrency trading and other businesses both internet and manual businesses,  I know quite well that risk measure can take us to advantages and can also take us to disadvantages, what I really understand risk, is that it has two impact in businesse either it results out positively or negatively, so through entrepreneurship, the definition let me comprehend that a risk taker is pron or liable to become successful at any point in time, and sometimes, theirs something I believe directly concerning risk in business if you don't have the mindset of taking risk in business you will find it very difficult to be successful in business.
full member
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October 07, 2023, 04:00:19 PM
#24
There is one adventure that i will never try in trading is opening a future position with high leverage. Future trading with high leverage can multiply your profits significantly but it will multiply your risk as well. I prefer to trade in the spot market so that if price goes down I can lower my average and exit that trade in break even. Even I can hold that position for as long as I want which reduces any risk significantly.
legendary
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October 07, 2023, 03:51:40 PM
#23
I think that most of the calculated risks taken in any endeavor might just be a too-careful approach to a situation and it may not produce as much result as when one happens to stumble upon the opportunity and just takes the risk instantly.

Many of the our millionaires and billionaires often times found themselves in such a situation and took a chance without calculating any risk, because that is how the big money is made without thinking toomuch about it.
The bottom line is to however always be prepared in any area of interest and wait for the right moment to take the risk.

The risk can only be partially calculated. There is always the possibility of force majeure or elementary health or technical problems. You can't be absolutely sure of your calculations, otherwise you could end up with a broken trough at any moment. Life dictates its own conditions
legendary
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October 07, 2023, 03:39:43 PM
#22
Stop loss in trading is very important, especially if we trade futures, to prevent further losses. Even in long-term investment matters, we have to have a plan where we have to be brave enough to make decisions if something undesirable happens. Regarding the sustainability of investment, for every risk that exists, we must have a perfect counter plan.
There will be no perfect counterplan, everything will inevitably have some faults or only run about 50%-70%.
That's good enough and will provide some advantages.

Especially for long-term investment matters, of course, it will use a variety of strategies.
Not only one strategy, of course, there must be a backup strategy to back up the first strategy so that it still works according to the desired path even though it is not perfect.

The trading method used the safest is spot trading, but this also depends on how one does it and how well mastered the trade.

Futures trading is more risky and Stop Loss is mandatory.
But when the trader is good enough and can read candles and bitcoin movements, it provides bigger and faster profits.
The higher the risk the higher the profit.
full member
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October 07, 2023, 03:31:13 PM
#21
I think that most of the calculated risks taken in any endeavor might just be a too-careful approach to a situation and it may not produce as much result as when one happens to stumble upon the opportunity and just takes the risk instantly.

Many of the our millionaires and billionaires often times found themselves in such a situation and took a chance without calculating any risk, because that is how the big money is made without thinking toomuch about it.
The bottom line is to however always be prepared in any area of interest and wait for the right moment to take the risk.
member
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October 07, 2023, 02:41:54 PM
#20
Hmm, so this topic is all about risk management, no doubt without risk a big achievement can't be accomplished but at the same time in trading calculated risk means risk management. In trading, whether it's crypto or any other financial market, safe play is not at all rewarding you need to get used to taking risks. in risk management emotions play a vital role and for proper risk management, proper emotion control is required market sentiment provokes psychology.

In short, to achieve both of the goals we need to decide on a scale for our trading discipline imagine a scale that you will make X amount of profit in your timeline and Y amount of Loss. Whined you hit any of the ends on the scale exit the market and reset your timeline. it will greatly help in risk management while training and emotion control as by-products.
legendary
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October 07, 2023, 02:07:34 PM
#19
Stop loss in trading is very important, especially if we trade futures, to prevent further losses.
-snip-
Stop loss usage has absolutely nothing to do with whether you trade futures or not - why should it?
Stop losses are a standard tool in any sensible trading strategy. Anyone who says otherwise has never traded.

I put stop losses in almost every trade. If the trade is already positive, the limit is moved up until I reach my desired target. If the trade becomes negative, a sensibly set stop loss saves me from losing too much money - or coins, of course.
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October 07, 2023, 01:58:41 PM
#18
Stop loss in trading is very important, especially if we trade futures, to prevent further losses. Even in long-term investment matters, we have to have a plan where we have to be brave enough to make decisions if something undesirable happens. Regarding the sustainability of investment, for every risk that exists, we must have a perfect counter plan.
We must always assume that things are not going to go our way, this way when this inevitably happens we are going to be ready for it and take the necessary countermeasures, however many people do not like this approach as they think such a person is just being negative without reason, but it is precisely when things take a turn for the worse when the preparations of that person will shine, and their ability to recover even from the most difficult circumstances will allow them to continue unhindered towards their goal.
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October 07, 2023, 11:21:32 AM
#17
In the bitcoin market volatility range, basically the trading risk is down to 0 even though you read the possibility is very small. And all external factors can contribute to the risk, for example the security of the exchange itself. That's why the calculated risk is that all the money you put in is a total risk. In short, “trade what you can afford to lose”.

No one is here to lose the money. So yes practically no one thinks about this statement that they will invest what they can afford to lose. Yes there is a better version for this. Invest only that amount, which is not required on a daily basis. Don’t invest the funds, which are kept for emergency situations. Take calculated risks and invest using proper budget. If you follow this then you can get little yet steady profits and your mental health will also become balance.
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October 07, 2023, 11:15:46 AM
#16
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.
Is never an abstract idea, nothing can be achieved in life without risk. The term calculated risk as contained on my post has to do with risk that can be managed by the one undertaking it. Taking risk beyond your strength  can result to a long term damage.

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I justify this because without an explanation what is specifically intended is just an abstract idea that makes people only know that they can write.
In this case your judgement is totally wrong to have assumed that. I believe one or two must have gained something. This kind of post help people engage in critical and evaluative thinking which will help them figure out a calculated risk for every step they are about taking. If read through the reply, you will see people with different idea of what the term calculated risk means. If a newbie in trading and other investment stumble across this, I believe their mind will be lit up with knowledge.
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October 07, 2023, 10:14:25 AM
#15
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.
I justify this because without an explanation what is specifically intended is just an abstract idea that makes people only know that they can write.
IMO, the phrase calculated risk can only be understood by traders who have experience with losses and profits during their work.
OP is trying to reconcile the risks of trading with the risks one would accept in life. Again, he wants to prove that he wants to show that he really understands the risk opinion he is trying to show. I don't necessarily agree with it because life is not like trading as I understand it.
legendary
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October 07, 2023, 09:10:23 AM
#14
Calculated risk doesn't work every single time, especially if you don't excel at math, or you messed up analyzing the chart and confidently entered a trade hoping for a bigger profit that ended up liquidated that made you frustrated, depressed, angry, and lost in your madness while chasing your losses forgetting the golden rule, always calculate the risk.
Calculated risk does not necessarily mean that you will have to use a pen and some kind of calculations before you take the risk. Calculated risk means that the risk should have high possiblity of turning positive than turning negative.

It is better not to take a risk than taking an uncalculated risk. An uncalculated risk one step closer to failure and should be avoided by all means. Maybe having a simple savings will be better than taking an uncalculated risk
sr. member
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Merit: 455
October 07, 2023, 08:49:05 AM
#13
Calculated risk doesn't work every single time, especially if you don't excel at math, or you messed up analyzing the chart and confidently entered a trade hoping for a bigger profit that ended up liquidated that made you frustrated, depressed, angry, and lost in your madness while chasing your losses forgetting the golden rule, always calculate the risk.
sr. member
Activity: 882
Merit: 326
October 07, 2023, 07:19:39 AM
#12
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.
Quite interesting with the discussion of "calculated risks".
Some people who do not fully know about trading can only trade, analyze, and do not understand what is meant by calculated risk.

Even though it is an important part of trading that looks profitable,
but in the end, there are some risks that arise and this will be a risk that is really not wanted.

Small possibilities such as market trends that suddenly change, FUD that appears suddenly, and some other risks that cannot be predicted.

This is included in the risk management method, so it is better to use risk management tools such as Stop Loss Order, Take Profit Order or Trailing Stop Order. 
Learning these tools will help one to manage risk in trading.

Stop loss in trading is very important, especially if we trade futures, to prevent further losses. Even in long-term investment matters, we have to have a plan where we have to be brave enough to make decisions if something undesirable happens. Regarding the sustainability of investment, for every risk that exists, we must have a perfect counter plan.
hero member
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October 07, 2023, 07:00:22 AM
#11
I totally agree on you that the most risky thing in life is by not taking some risk. Everything in life has its own risk, so if you would avoid the risk and just stay in your comfort zone, nothing will happen in your life, and I think only lazy and fearful people would want that. So always encourage each one another to never be afraid to take calculated risk, because it’s only in taking risk we will be able to see the best version of us. Be it in trading, investing or in any forms of risky adventure, always know your capabilities and be brave enough in dealing with the risk. Never forget that the people who are in the peak of success today have definitely learned to take calculated risk, even if they failed at their first attempts.
legendary
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October 07, 2023, 06:20:03 AM
#10
Personally, I believe that psychological factors should not be involved in trading, that is, if there are factors surrounding you that push you to trade, such as a friend telling you to invest in Bitcoin, Ethereum, or any investment, and that it is a guaranteed investment and your opportunity to be rich without having technical knowledge or background, then it is better not to do that.
Study your plan well, talk to people with experience, build your convictions, and then invest. Even if you lose, you will know the reason for the loss.
Investing is not only about taking risks, but also about learning from mistakes.
sr. member
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October 07, 2023, 06:12:43 AM
#9
Risk is good. You can't go far in life just playing it safe, but like you said "calculated risk". We have to take calculated risks in whatever we're doing.

Is the risk worth the reward? If it fails what do you do? What is your plan B?
These are questions you ask yourself before taking a risk. Don't take risks that will wreck you if you fail.
Sure, somebody takes the "all or nothing" risks and it works for them but it's never advisable. That's more of a gamble and not an investment.

Calculated risk means you have analyzed the whole situation, the whole investment, business, or trade you're about to make.
You invest what you can afford to lose. A sun that would be missed if lost, but also a sun that would not wreck you if lost is what you should use to invest.
hero member
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October 07, 2023, 04:45:25 AM
#8
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.

Riski doesn't entails only investment and trading. Life is full of chances, ups and down and if you don't want to remain down, you have to take risk in anything legit to succeed. Going to school today isn't a guarantee that you are going to have a job later in the future but we risk it and invest money on it, some along the line made it to the final year and graduate while some dropped out along the line with fund wasted. Even after the graduation,few are going to have their dream jobs while some will be jobless in the line of their career, I hope you see how the risk turned out.


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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.

 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 so many obstacles in life that you have to make a step ahead if you don't want to be left behind, you can't do without risk, check out marriage for instance from statistics, how many divorcee do we have in our society, it's not working anymore for some people but does that mean you shouldn't try and find a happy home? No! You have too find a happy home and the only way to do that is by giving it a try.

Likewise trading and investment, business failed and investments turn zero but shouldn't mean you never to try, the richest people we have around today have risk all they have back then to acquire the level of wealth they had today.
hero member
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October 07, 2023, 04:41:57 AM
#7
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.
This is true.

Those that are rich now, took risks. Not just for once but for so many times, well, lucky for those that have taken it for once and they're able to succeed with it.

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
I agree.

It's for everything that we do and not just all about trading. Everything that has two results, losing and winning, success or failure, they have their own risks. And about calculated risk, you either do it safely or go all in on it if you do believe what you're about to do.
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