Life is full of risks but deliberately putting yourself at risk is another risky act. If you want to grow up you have to take risks, the level of risk should definitely not be more than your ability. Risky situations are a must in investing. You can reduce the risk to a large extent by the actions you take. For example investing slowly according to the scope of your knowledge so that it does not exceed your financial capacity.
It is necessary to balance your income with personal expenses and family needs and invest through discretionary funds. Making investment decisions based on emotions and excitement is a type of risk. In such a case such risky investments should be avoided. Taking risks in such a situation will be a type of risky decision.
Us taking risk is part of growth, especially when it comes to investing in anything, but it has to be a calculated risk. There is a big difference between taking a risk and being reckless with investments. If the risk is bigger than your capacity, whether financially or mentally, then it stops being productive and turns into stress.
Investing within your knowledge and using only discretionary funds is very important to note down. Once your emotions and excitement start driving decisions for you, that is usually when you start losing (without even realizing it).
The goal really is not to avoid risk entirely (you cannot, even if you tried), but you must manage risk in a way that allows you to stay consistent, sleep well, and still meet your personal and family responsibilities.