Those that hate risks! - page 7. | Bitcointalksearch.org

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Quote from: FanEagle on May 29, 2020, 01:04:28 PM

I have figured out that people who are not professional traders and have families tend to hate risk more frequently. The reason behind it is the simple fact that they have a family to take care of and because of it they can't put money at risk, when you do take risks you are not doing it just for yourself but for your whole family as well and that is not really something you can afford to do when you have a family.

But when you are single and living alone and have extra cash sitting around, risking it is easier because you are the only person you are responsible for and if you end up losing it the only person you let down is yourself. Of course, when talking about professional traders that does this as a job, things change and even when you are a family man, you still take that risks since it is your job.

A trader who does not have a family is more likely to risk their capital just because they know that they will be responsible for a failed trade themselves. If you have a family, the consequences for unsuccessful trades will be borne not only by the trader, but also by his family members, who will be forced to reduce their expenses.

But in any case, you can not turn trading into a casino.

bitgolden

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Quote from: enhu on May 30, 2020, 12:35:33 PM

Freelancing can make money with just risking the bare minimum of his time and skills, its making money in his own way. The freelancer still is risking a bit. Even if you invest in ROM still there is a risk. The platform could just shut down all of a sudden as it once occurs in crypto.

Yes, nothing works in our life without risks are being part of it. We need to accept risk in order to gain from it. It must be a basics of life. If trading is full of free from risks means it will not have any differences from air-drops. As we all know, airdrops usually will not worth the time we work for it. How we are dealing with risk is the thing which determines who will win and who will lose in trading. I mean a highly skillful trader may deal with risks in more effective way to minimize it which will work in favor of them to get more profits.

Quote from: rexxarofmoknathal on May 30, 2020, 06:19:43 PM

You gotta take risks to make money otherwise stick to bank accounts and get 0.1% interest. Its almost a tool we can learn to utilise and once we get to understand it we can make better choices and get great returns.

Agree. We must learn about risks. We must understand risks. We must find solutions to risks. Finally we must be ready to accept risks when it will be happening unexpected. If we are hesitating to face risk then it would be much better to stay within home and need to live with what we already have because after our home's entrance, everything is coming along with risks.

alkuluku

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Quote from: mycryptoanalysis2019 on May 26, 2020, 10:05:15 AM

You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.

I believe, those who fear of loss should not do trading and should go for long term investment.
Please correct me if I am wrong.

EmpowNetwork

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It is for those who have spent many years living in the market. As for new people, the psychology of fear is inevitable

rexxarofmoknathal

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Who doesn't hate uncertainty and thus risk altogether but these are what makes us better traders, investors and keeps us on our feet. You gotta take risks to make money otherwise stick to bank accounts and get 0.1% interest. Its almost a tool we can learn to utilise and once we get to understand it we can make better choices and get great returns.

Utoy101

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Quote from: mycryptoanalysis2019 on May 26, 2020, 10:05:15 AM

You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.

I agree with you, but in as much as taking risk is a fundamental concept of trading, not every risk is worth taking and that's why every trade expert will advice you to take calculated risk when trying to go into cryptocurrency trading or any volatile market by using a spare cash or any amount you can afford to lose because the market can always go against you. Trying out risk management techniques such as stop-loss and T.A can go a long way in helping minimize risk

CucakRowo

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Quote from: mycryptoanalysis2019 on May 26, 2020, 10:05:15 AM

-snip-

And vice versa. Excessive self-esteem can be fatal especially for trader portfolio. Excessive self-esteem will make traders careless. Instead of making a profit, only losses will be incurred.

enhu

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Quote from: bearexin on May 30, 2020, 12:23:06 PM

Quote from: mycryptoanalysis2019 on May 26, 2020, 10:05:15 AM

You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.

Lol I don't think there is anybody that doesn't hate to lose their money, it's all about being determined and ready to take the risk. You just have to make up your mind and get ready for anything that comes your way, and that's the only way you can get better and start to succeed. Anyone who doesn't take risks in life might not succeed. This is a popular quote on investment risk: if you do not risk something then you will risk everything. So, everyone must focus on taking calculated risks.

You should step out from your comfort zone and work very hard and things will work out for you. Though before our start trading there are things you should put into consideration, like having enough finance, so that you don't run out of money and go very broke. That's why it's good to have another source of income before going into trading.

True. Of course, anyone even the gamblers who are risking it every minute on the casino hates losing a bet because it means losing money. But why avoid making money?

Freelancing can make money with just risking the bare minimum of his time and skills, its making money in his own way. The freelancer still is risking a bit. Even if you invest in ROM still there is a risk. The platform could just shut down all of a sudden as it once occurs in crypto.

bearexin

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Quote from: mycryptoanalysis2019 on May 26, 2020, 10:05:15 AM

You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.

Lol I don't think there is anybody that doesn't hate to lose their money, it's all about being determined and ready to take the risk. You just have to make up your mind and get ready for anything that comes your way, and that's the only way you can get better and start to succeed. Anyone who doesn't take risks in life might not succeed. This is a popular quote on investment risk: if you do not risk something then you will risk everything. So, everyone must focus on taking calculated risks.

You should step out from your comfort zone and work very hard and things will work out for you. Though before our start trading there are things you should put into consideration, like having enough finance, so that you don't run out of money and go very broke. That's why it's good to have another source of income before going into trading.

CarnagexD

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There are a lot of traders are scare about losing their money and I think it is not appropriate because once you want to join into the world of trading you must not mind the money because in trading there is a huge chance that you will lose your money and still one of the best ways to do is remove getting fear many trading wants to make the trade on their own and some of them does not have enough idea it takes time before you understand the full concept on trading but if you have a will you can get what you want.

In trading, you must need to learn to free your money because once you made a mistake it can cause a zero balance. A successful trader build by its experience and knowledge also those experiences included that they lose up a lot of money. I'm a trader too and one of the best thing you should do or to adopt like I'm doing once I got lose on my trade I takedown on it and analyze what's wrong on my trade what are the factors why I loss what are the things I need to make improvement. I hope you can use this too.

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Quote from: mycryptoanalysis2019 on May 26, 2020, 10:05:15 AM

You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.

Most newbies would really expect that they're going to profit most of the time and hate losing. Yeah I understand how it feels when it comes to losing time and money if bear market dominates or an unexpected pullback. Real traders could understand that no matter what exchange platform are they trading nowadays. Even with arbitrage trading, there's no guarantee that the prices are staying put.

How would we know if we succeed or fail if we can't take risks? Coz' if we don't (like in all life aspects), our lives would remain the same. I took risks many times over the past several years. I had to admit that I failed in those risk-taking opportunities and losing a lot of money. However, it's also an opportunity to learn and be smarter in our decisions.

If you look at some of the successful businessmen and investors, the reason why they're living a life that they deserve is because of their "guts" in taking risks rather than being afraid or hating it. Of course, you can't just take risk without learning how to manage it. It's part of life, and we have to deal with it.

culuuton

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Quote from: Dart18 on May 30, 2020, 03:09:33 AM

Most of what I see in social media especially Facebook are more on profit. Win, win, win.
They won't let you see what or how much they are losing.

Sure, they will talk about risk but never about a big one.
Crypto currency trading is way too risky and yet they can afford to not tell the truth.

On facebook or social networks they show us the chance to win and big win, no one will share the truth with us. Newbies trust and hope too much, so when experiencing reality, they are too disappointed and and share it on the forum.

Dart18

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Most of what I see in social media especially Facebook are more on profit. Win, win, win.
They won't let you see what or how much they are losing.

Sure, they will talk about risk but never about a big one.
Crypto currency trading is way too risky and yet they can afford to not tell the truth.

DevilSlayer

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Quote from: FanEagle on May 29, 2020, 01:04:28 PM

I have figured out that people who are not professional traders and have families tend to hate risk more frequently. The reason behind it is the simple fact that they have a family to take care of and because of it they can't put money at risk, when you do take risks you are not doing it just for yourself but for your whole family as well and that is not really something you can afford to do when you have a family.

But when you are single and living alone and have extra cash sitting around, risking it is easier because you are the only person you are responsible for and if you end up losing it the only person you let down is yourself. Of course, when talking about professional traders that does this as a job, things change and even when you are a family man, you still take that risks since it is your job.

Our subconscious mind is program on what we see, feel and understand when we are still young. If we have a family who hates risks and avoiding taking it, for sure that we are going to be a person like them who are avoiding eisky investments. There should be a reprogram that we should do in our subconscious mind in order for us to not be afraid or hate risky investments.

Playing it safe is more riskier than making investment in stocks or in cryptocurrency investments. Those middle class and poor persons are always struggling because of not lack of money but because of the fear and they hate taking risky investments. Success is in our hands so it is the reason why we should take and manage risks.

Sanugarid

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Quote from: FanEagle on May 29, 2020, 01:04:28 PM

I have figured out that people who are not professional traders and have families tend to hate risk more frequently. The reason behind it is the simple fact that they have a family to take care of and because of it they can't put money at risk, when you do take risks you are not doing it just for yourself but for your whole family as well and that is not really something you can afford to do when you have a family.

Well then why do you need to risk what is needed by you or your family? You don't trade to risk what isn't worth to lose especially when it is dedicated for something/someone like family.
Trading is not a gambling where you need to put a lot of money just to gain, trading is much more deeper than that. We have a saying right? Don't risk what you cannot afford to lose.

Quote from: FanEagle on May 29, 2020, 01:04:28 PM

But when you are single and living alone and have extra cash sitting around, risking it is easier because you are the only person you are responsible for and if you end up losing it the only person you let down is yourself. Of course, when talking about professional traders that does this as a job, things change and even when you are a family man, you still take that risks since it is your job.

Trading does not depend on your status, trading is for everyone who wants to trade but you need the boundaries and limits while doing it. Just like what I said, you don't need to gamble the food on your table just to expect a profit, trading does not work that way. See how the professional works? They are setting the lowest and highest goals just by simply enough capital to make gains.

And also we have a thing so called - risk management, every trader should know about the entirety of this.

FanEagle

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I have figured out that people who are not professional traders and have families tend to hate risk more frequently. The reason behind it is the simple fact that they have a family to take care of and because of it they can't put money at risk, when you do take risks you are not doing it just for yourself but for your whole family as well and that is not really something you can afford to do when you have a family.

But when you are single and living alone and have extra cash sitting around, risking it is easier because you are the only person you are responsible for and if you end up losing it the only person you let down is yourself. Of course, when talking about professional traders that does this as a job, things change and even when you are a family man, you still take that risks since it is your job.

leyton11

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For me, that is always a saying to motivate myself to be more careful in trading. Because trading is gambling, a game needs to be alert to assess the situation. Although I knew it was a big risk, the feeling of losing money made me very angry, so I always learned more and managed better capital. We can see it as a motivation to promote ourselves.

hahay

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To achieve success in trading is not only about eliminating fear, because even if you are brave or not afraid of losing money, on the other hand you do not have a basic understanding of trading itself, the results will be lost. In trading, the main thing that you should have is understanding even though it is a low understanding or basic understanding of trading, but at least that understanding will be an asset for your own strategy in trading and not about eliminating fear, because every individual who has chosen trading at least they already have a good mentality to not be afraid of losing money.

SacriFries11

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Make sure that if your losing money you should learn from that, every cent you waste should be worth enough to take back what you have lost. Keep in mind that, losing is a part of trading. Write down if you missed something which the reason why you lost. There's always a risk to everything in trading, try to avoid any mistakes that will lead you to another failure trade. Always monitor the market and stay updated.

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Quote from: Zemomtum on May 28, 2020, 07:56:44 PM

It is good to take a risk but it must be a calculated risk and not just jumping into the boat. Life itself in its entirety is full of risks

Good thing about trading is there a stop loss button. Always make sure to use this, but if any traders cant monitor their own trading page for the time being then set a limit trade where your target should stop at certain price. I usually used this often also it adds discipline on ones trading style, I am using Binance and the features of their exchange is really helpful, what i hate is somete it lag so much that your executed trade werent completed and when you see you exited on a lower rate and this is due to the slow response.

Remember no risk no gain, some will eventually lose cause I dont believe on 100% success, some will experience losing too.

Topic: Those that hate risks! - page 7. (Read 1505 times)