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Author Topic: The most risky adventure you must avoid  (Read 794 times)
Aanuoluwatofunmi
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October 21, 2023, 10:16:19 PM
 #81

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.
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October 25, 2023, 01:03:12 PM
 #82

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.

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October 26, 2023, 02:27:23 PM
 #83

Great clickbait title though  Grin

Anyways, the OP’s statement really makes sense. Although we do not advise that we should or shouldn’t risk getting into Bitcoin and altcoins, but we only have to edcuate the masses about the potential risks and learn how to manage them at the same time. In other words, only spend an amount that you can afford to lose.

But here’s the thing when it comes to my experience as I am not intending to encouraging nor discouraging everyone here to take risks.

Not taking risks has two sides. Either you are safe or have missed the opportunity. I have experienced that many times already for both scenarios because we may not know what would happen to the coin or token next in the coming days or so.

Last 2020 during the COVID-19 pandemic, I do have some BTC when it was still around $12k+. However, I have regretted my decision to sell all of my BTC for USDT as I see that the future is uncertain. But I was wrong. During mid-December, BTC skyrocketed and breached the then-ATH of beyond $20k and even up to $30k.

As the market went wild and was waiting for everything to bring it back down below $20k and not buying at the top, but it didn’t. It even went up all the way up to almost $70k+ and that is where I have missed the big opportunity.

Last year, I have decided to start DCA (dollar-cost averaging) on Bitcoin and Ethereum despite the FUD going on in Terra Luna, Celsius, FTX, etc. I held on to that and I am in profit right now as of this time of writing as BTC is recently rallying and now standing at $34k to $35k range.

The thing is that nobody knows what would happen next to the Bitcoin and crypto market in the coming days, weeks or so. Like I said, either we are “safe” or “missed the opportunity” as two scenarios of not risking. Same thing when it comes to taking risks either we make or break.
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October 28, 2023, 06:35:35 PM
 #84

This might be something that is not worth taking a risk on, when we don't understand something, are not prepared, and are also unable to take the risk, so it's better not to do it. because even if this is done, it will only be reckless without careful calculation. If it's in the world of crypto trading, for me an example is investing in a new YPE altcoin project. In my opinion, this is very risky and many people also think this is very risky. And for me, this risk is the one I avoid the most, because we really like gambling.

In the future, there is not only the risk of losing money, but also the mental health that we have worked so hard to build could collapse due to the stress of thinking about fake investments in this hype project if we really cannot understand it. So, it would be better to avoid it, right? Instead of having to force yourself?
This is something worth remembering, our knowledge allows us to more easily navigate turbulent waters and avoid high risks, and this also means that the risk an activity entails can be completely different for two people, so someone that comes to this market after reading everything they could about bitcoin and investing and that have some reasonable goals they want to achieve is taking a very small risk by buying bitcoin, however someone that has not done any of that and believes they can become rich in just a few weeks is taking a massive risk, despite both of those persons performing the same action by investing in bitcoin.
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October 28, 2023, 07:57:37 PM
 #85

---
In short, there's no way on knowing that without even trying and this is why it would really be that always recommended that you should really be that mindful about those potential drawbacks and potential positive results and its true that it would really be that neither be making something or breaking something. If you cant really be able to bare up such risks then better not to engage with it but if you are that someone whose really that willing to take that act for you to be abel to have that kind of chance then it would really be just normal that  you would really be doing such act or decision.

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.
A matter of choice since not all people would really be that willing or really that prepared on taking up such risks and rather they would really be tending to play safe or going into things
which are really that indeed less risky.  We know that even on living on this world and decisions to be made does involved risks and this is where you should really be that wary
about it. Decisions to be made would really be having that corresponding effect and this is where decision making would really be that crucial.
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October 28, 2023, 08:52:55 PM
 #86

I agree with the calculated part, it might be very illogical to do like x100 long future right now with all your capital just to give an example, that is not something you should be looking at currently and I bet %100 that there is someone who is doing that at this moment, probably a lot of people, its equally risky and shouldn't be done to put %100 on x100 shorting neither, basically putting %100 of your money in anything is way too much risk that you shouldn't be taking. I believe that the best way to avoid this would be just focusing on what you could do with calculated risk, assume that everything could go wrong and make sure that you are doing a better job at making sure you are ready for being wrong.

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October 28, 2023, 09:23:10 PM
 #87

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.
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October 28, 2023, 10:33:05 PM
 #88

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.
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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.

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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October 29, 2023, 04:11:13 AM
 #89

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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October 29, 2023, 07:20:57 AM
 #90

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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October 29, 2023, 10:30:50 AM
 #91

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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October 29, 2023, 01:16:14 PM
 #92

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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carlisle1
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October 30, 2023, 11:10:30 AM
 #93

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.
taufik123
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October 30, 2023, 09:26:54 PM
 #94

-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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October 30, 2023, 09:44:40 PM
 #95

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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Grizzly888
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November 01, 2023, 07:37:42 PM
 #96

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! 
stomachgrowls
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November 01, 2023, 07:41:01 PM
 #97

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.

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SquirrelJulietGarden
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November 02, 2023, 01:24:06 AM
 #98

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.

barisbilgili
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November 02, 2023, 02:36:21 AM
 #99

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.
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November 02, 2023, 10:28:39 AM
 #100

...
 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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