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Author Topic: Risk-takers always ahead financially  (Read 642 times)
Kasabus
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February 03, 2021, 10:47:50 PM
 #21

Indeed, risk takers are not afraid to get out of their comfort zone, they are willing to take even bigger risk trying to gamble their knowledge and skills for the aim of getting successful. Before I was too focus of being a corporate employee but later I realized that I'm becoming a corporate slave that's why I get out because I realized I don't want to spent the rest of my life making my boss richer while I struggle financially.

Crypto was really a blessing for me, it changed my life and thanks for the wisdom God has given my that time I realize it.

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February 03, 2021, 11:04:14 PM
 #22

It is true that people who succeed are people who dare to take risks if they see an opportunity to make money. Sometimes opportunities don't come
twice, therefore delaying taking action and choosing to wait for someone to prove that the results are favorable. It will only keep us from the profit
that we will get. But don't take risks without planning, because there will only make us lose money. Taking risks must be accompanied by the results of
the research we have done, so it can reduce the percentage of failure that we will experience.

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February 03, 2021, 11:19:51 PM
 #23

Not all times but most of the times risk-takers made the most profit, they are the most educated and most involved in the market, they checked the coins with good potential, and they always want to be an early bird in every good project, because they know there are hidden gems on new projects, once a risk-taker always a risk-taker, because they know what and how to look and why it's worth the risk.
We make the most profit and we made some losses as well. It is really hard to become a risk taker at first but when you do, everything seems normal to you. Being a risk taker causes a lots of money  patience and a lot of breakdown before breakthrough, before you learn something you will need to accepts failures and they will made you a risk taker. And  risk taker should know when to take risk if he knew that it is worth risking for a long period of time.
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February 04, 2021, 04:28:32 AM
 #24

Taking risks is necessary, but also must have consideration as well as analysis, and it will affect the results obtained.
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February 04, 2021, 05:17:05 AM
 #25

I agree that risk-takers always have an advantage, but so they do have disadvantages. Calculated risks are good, hyt if in that process, one becomes over-confident, they will lose all their money by taking risks because the crypto industry is full of scams as well. Trading is risky, but always one should do well research before taking that "risk" because it's risky because there's a chance of "failing" as well!
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February 04, 2021, 06:08:37 AM
 #26

Honestly kinda true, it's always fear that holds most of people back and that includes me however being risk taker but suck at calculating risk will cost you like a lot. There are tons and tons of people went homeless just because they really suck at calculating risk while being too much of a risk-takers. Yes maybe some of them gonna make it big and get most of the profits but that's just one among many. The key is to be a risk taker and good at calculating risk otherwise you gonna get screwed up. There's good reason why risk taker who lose don't appear a lot in media.

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February 04, 2021, 08:40:01 AM
 #27

money is not for the weak so be brave.
Money is for the intelligent, neither the brave nor the weak. Get your facts straight amigo.

See if you are brave/risk-taker (as per your decision, not that I agree with your semantics), you will not be a cunning one or a brainy one. You may make money in one step and lose more in the next step. The classic example is the addicted gambler.

If you are not a risk taker, you might be still making some money but not worth the time you spent.

But you are intelligent, you will know how to build relationships, partnerships, grow your business and make the real profits - very few people in this world belong to this group.

For example, going all in without doing any analysis is risk takers/"brave" (<OP's words) you will lose money for sure. Manage the portfolio into sectors as per global trends - you are being intelligent, more chances to get profits.

R


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February 04, 2021, 08:54:21 AM
 #28

Life is all about gambling and risk-taking in which you will never win in life if you don't know how to risk and gamble yourselves. Risk-takers and gamblers in the real life are those people who want to be on the front line for them to get their financial wants. Those people who are scared of taking the risk are always behind in the walls of "What if's". Always think that all of the risk-takers are the ones who are succeeding in life.
I don't think it is a good idea to compare life to gambling, yes risk taking but gambling seems a little overboard. In gambling, over time you lose money and in life I don't think that it will be the case, no matter how many times you lose, there will always be times when you can stand up and win back everything. You are right about the success of risk takers though, but that shouldn't be the only trait of a successful person, we have to take note that without hardwork the risks that you take will only lead to your failure. I wouldn't say that all risk takers are successful, in my opinion without calculating the risk, the chances of you succeeding is close to zero.

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February 04, 2021, 10:16:56 AM
 #29

Ofcourse. The risk should be worth taking though, and you'll need to do the right things as much as you can to reduce risk to the bare minimum. I believe learning a business properly and doing it the right way can reduce risk alot. Those who cut corners or make money immorally will always face the consequences if they don't change and apologize to those wrong in their course of making money. The right rules must be followed else you are cutting corners and promoting corruption. I believe there people who try to avoid certain businesses or avoid getting wealthy due to the breaking of the right rules(even though people are breaking it without immediate consequences), corruption and it consequences...
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February 04, 2021, 10:42:09 AM
 #30

That's the number one rule of success. The bigger the risk you take the more successful you become. Just that one has to be careful in taking risks in order not avoid avoidable losses. This is not limited to finance but every aspect of life.
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February 04, 2021, 02:31:16 PM
 #31

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.
Someone who wants to be financially successful then they need to learn about the economics works because people keep working never going to become rich because they losing their salary by every year due to inflation so they actually need to stop saving money and start investing.

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February 04, 2021, 02:44:52 PM
 #32

Hearing this kind of talk is music to my ears.  I am constantly trying to tell my clients that you've got to take some risk if you want your money to work for you as hard as you worked for it.  It amazes me the amount of people I work with that are just absolutely immune to good advice. 

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February 04, 2021, 03:04:24 PM
 #33

You have a point, we should not be afraid of taking risk and grab the opportunity even we are not really certain for the outcome. It takes a lot of guts to become successful in life thats why we need to do something to make changes because if you always stay on the safe side then you cant see what else you can do to maximize your profit.

Thus its better to become a risk taker (but fill with knowledge on the investment you're getting into) who are open for new opportunities that comes your way. If we fail its another experience to learn more and we can use as motivation to become a better version of us.

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February 05, 2021, 08:47:08 AM
 #34

I don't think it is a good idea to compare life to gambling, yes risk taking but gambling seems a little overboard. In gambling, over time you lose money and in life I don't think that it will be the case, no matter how many times you lose, there will always be times when you can stand up and win back everything. You are right about the success of risk takers though, but that shouldn't be the only trait of a successful person, we have to take note that without hardwork the risks that you take will only lead to your failure. I wouldn't say that all risk takers are successful, in my opinion without calculating the risk, the chances of you succeeding is close to zero.
I think that is basically gambling as well, no matter how many times you lose there will be times you win in gambling as well. My explanation that gambling and trading are very different is the simple fact that there is house edge in gambling, and there is nothing like that in trading or investing.

In gambling house edge means that mathematically speaking you can't win, sure you could have small ups here and there but if you keep gambling over time it is 100% guaranteed that you will definitely lose money, in trading/investing you could lose money but it all depends on your knowledge and luck, there is nothing 100% guaranteeing you losing money there, you have 50-50% chance to win or lose and it is always 50% and not 49.5% to 51.5% like in gambling world. So at the end of the day for me the difference is the house edge, that makes the worlds difference.
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February 05, 2021, 09:46:30 AM
 #35

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.

Yes, taking risk is important and most of the time, it is worth it, but still don't forget to self-calculate and analyze first before doing something too risky. Assess the situation and if it is worth taking a try then go on and do the action. It is important to be smart not only to be a risk-taker because if not assessed carefully, you will just lose at the end. Learn from past experiences, learn from the others, and learn from different aspects.

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Ucy
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February 05, 2021, 10:26:30 AM
 #36

Life is all about gambling and risk-taking in which you will never win in life if you don't know how to risk and gamble yourselves. Risk-takers and gamblers in the real life are those people who want to be on the front line for them to get their financial wants. Those people who are scared of taking the risk are always behind in the walls of "What if's". Always think that all of the risk-takers are the ones who are succeeding in life.
People who habitually take big risk in life could really be classified as gamblers. You'll need to lower your risk to the lowest level possible by risking little while learning and hoping to succeed. I doubt if lots of the successful businesses succeeded without enough planning and learning. These are part of what reduce the risk for them.

An inexperienced wave surfer who goes immediately to the ocean to start surfing big wave without learning and using sufficient protection gear is a gambler, compared to an experienced surfer who has learned and mastered the wave, Or compared to someone who practiced in a safe environment before trying the ocean.
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February 05, 2021, 10:50:57 AM
 #37

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.

Not every risk pays off; so it is wrong to say risk takers are always financially ahead; there are enough risk takers who are wrecked after a terrible trading or investment decisions. It is not enough to be a risk taker; you must understand the consequences of the risk; and the rewards involved before taking an attempt at all. Dyor and understand that crypto currency is not a place for aspire to perspire quotes.
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February 05, 2021, 11:33:27 AM
 #38

Not every risk pays off; so it is wrong to say risk takers are always financially ahead; there are enough risk takers who are wrecked after a terrible trading or investment decisions. It is not enough to be a risk taker; you must understand the consequences of the risk; and the rewards involved before taking an attempt at all. Dyor and understand that crypto currency is not a place for aspire to perspire quotes.
true, that only applies to those who are not very good at managing risk. finally, we will still see that there are still many people who dare to take risks but end up losing.

Trading and investing in cryptocurrency is risky and anyone who manage this risk well is very close to success. Not successful risk takers, but those who are good at managing risks who will get it.


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iv4n
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February 05, 2021, 11:59:46 AM
 #39

Risk takers will not always ahead financially if they can not be careful in making a decision. Before they decide, they will learn about the positive and negative, so they will know how to prevent the negative side. If we know the opportunity comes to us, and if we can see that thing, we should act fast, but do not forget to think of the other strategy or plan just if our plan is not working.

Life is full of ups and down... you need to know that you can't win all the time, bad days will appear sooner or later, and the point is in surviving those days with minimum loses, the next step is to be brave and to risk and push harder, if you wish to make higher profit!
I think opportunities are everywhere around, you don't wait for them to come to you, you need to look around all time, and if you spot them before others you can have more benefits from that! Of course for that you need time, energy and skills... nothing is easy or simple, but with practice will be as you become more experienced!

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February 05, 2021, 12:06:59 PM
 #40

Risk takers will not always ahead financially if they can not be careful in making a decision. Before they decide, they will learn about the positive and negative, so they will know how to prevent the negative side. If we know the opportunity comes to us, and if we can see that thing, we should act fast, but do not forget to think of the other strategy or plan just if our plan is not working.
They won't always be financially ahead but there a high chance that they'll be the first to be ahead on something since just as you've said they're RISK TAKERS. And just what comes to high risks are also the high rewards. People can go choose the safer way and be logical at everything to avoid risk but the rewards aren't as high as those who choose to risk it all.

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