The most risky adventure you must avoid

[South Park]

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! 

And this is what books about investing recommend, when you are young and you have a lot of time to recover from your mistakes and you have almost no obligations that is when you should take the greatest financial risks on your life, now this does not mean doing dumb stuff but taking a calculated risk, and investing in bitcoin falls within that umbrella, as a young person could easily invest a few years of savings, multiply them with bitcoin and then start a business or buy their own house with that money and change their life for the better in a short amount of time.

[Assface16678]

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".

I agree that trading is too risky as the price is volatile, so much so that many traders and beginner traders tend to lose some money because of their mistakes and wrong trades. But without risk, as you say, you can't also obtain profit; risk is profit. It matters how a trader turns the risk into profit; it requires skill and knowledge.

That's where calculated risks enter. A wise trader knows what amount to risk and what trade worth to risk. I personally quite mastered that thing. At first, I always raised the risk by raising the leverage but didn't do well always. There's always a perfect timing and certain point when to trade with low leverage or high leverage. I myself am a risk-taker, but not always do I know when to back down. Of course, there are trades that I want to do but choose not because of uncertainty but eventually regret not taking the risk.

[Renampun]

...

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

Risk has become a friend of every human being, even when we walk outside the house, we have the risk of tripping over a small stone and that is truly a truth, so does trading not have risks? Of course trading is a risky activity and is the risk too big that we can't possibly make a profit? of course not, many traders out there are making profits in trading, they are changing that perception, they are making profits even though people think trading has big risks.

Currently there are quite a lot of tricks to reduce risk when trading, that is by choosing whether you want to be a daily - weekly or monthly trader, but for beginners I really recommend just being a weekly trader, while deepening your skills and emotions in trading.

[pawanjain]

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".

I agree that trading is too risky as the price is volatile, so much so that many traders and beginner traders tend to lose some money because of their mistakes and wrong trades. But without risk, as you say, you can't also obtain profit; risk is profit. It matters how a trader turns the risk into profit; it requires skill and knowledge.

That's where calculated risks enter. A wise trader knows what amount to risk and what trade worth to risk. I personally quite mastered that thing. At first, I always raised the risk by raising the leverage but didn't do well always. There's always a perfect timing and certain point when to trade with low leverage or high leverage. I myself am a risk-taker, but not always do I know when to back down. Of course, there are trades that I want to do but choose not because of uncertainty but eventually regret not taking the risk.

That's what am talking about. These were the trades of uncertainty that lead me to losses.
You're right when you say we should know which trades to take and which ones to avoid.
If we keep taking all the trades we will end up losing a lot of money.
But knowing when to take the trades is a key skill to have to make good profits.

[bayu7adi]

I'm sure what you mean is an invitation to step out of your comfort zone. the comfort zone is indeed low risk and provides a steady income for those within it... the nature of the comfort zone is that it doesn't offer limitless opportunities to those inside it. People in their comfort zone often feel safe and taken care of, making them more prone to being complacent and not self reliant. It's just an analogy.

So, is it necessary to leave your comfort zone? The answer is conditional. Remember!! Not everyone has the mental strength to leave their comfort zone. Even to become a tough fighter in the business or investment field, it requires starting from scratch and learning anew. This is undoubtedly risky because if you fail, you'll not only lose your previous comfort zone but also the time and money you spend to do it. So, the world is fair. Anyone willing to take risks must be prepared for the worst scenario.

Some note from me..  opportunities don't come just once, and they'll still be there as long as you live. Those who can embrace change and endure challenges are more likely to become heavyweight fighters in the business world. The chances of success will be much greater..

[Biznesmen]

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.

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.

Calculated risk is something that differs from person to person. Because the amount of investment is different, the amount that people invest in different currencies is different for each one, and the people taking the level of risk are different. So what I am trying to tell you is that "calculated risk" is a vague term; it depends on many factors, so everything can't be spoon-fed. The amount of money that you can afford to lose is called calculated risk. Finding this risk before trading gives you a whole idea of your return amount so that you can analyze your money based on market trends and clearly understand when you want to stop.