Have your failures and then dont never lose money best advice to make money

[Gozie51]

I don't believe that the best time to take risk is at young or depending on the age bracket. Most of the risk taken at such a young age is about what you stumble on, they are not planned, strategized, determined or targeted. It just happened for most young people not that they knew what they were honestly taking such risk for especially those in teenage age and early 20s. But older people take calculated risk and that is why they have more successful rate maybe because they are now matured and can identify bad risk because certain it is not every risk that is worth taking.

Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

But on the contrary, if you are taking risk, you should be able to make provision for some lose just incase it doesn't work out fine.

[justdimin]

Our financial loss adds experience to us, and in the future, if we start making profits without making mistakes thanks to this experience, we will say that we are buying experience.

Loss will definitely teach you but will not be added to your experience. You need to learn from your loss and imply strategies on your future trades to avoid this loss. To do so, you need to listen carefully and learn with dedication. Having a loss and sitting back thinking I know what needs to be done now will not make you win in the future. You should be prepared to sit and start making notes about improving your journey. Loss is definitely going to knock your door a couple of times but keep going and someday, we might have ended up in enough loss-making situations to now make us capable to understand the markets and start making profits eventually.

Every successful person has some failure stories where they had to go through some really bad times. These times were when they lost something but kept going and earned a better lifestyle just because they didn't give up.

[Coyster]

The higher the profit, the higher the risk, and vice versa. No asset/investment can generate high returns with low or zero risk. In the world of finance, such a concept does not exist, and there are no exceptions.

I know this, the potential returns when you buy crypto is far greater than when you purchase bonds for example, and so is the risk. OP seemed to suggest that crypto is a "safe" investment, and that is what i disagreed with. The risk in crypto becomes even greater when you buy altcoins (shitcoins) that have zero utility, the chances are very high that you'd lose all of your money without getting any returns back.

[MinMan]

If you only have the mindset and no efforts are put than this strategy will never work. One has to spend a good amount of time in any market before starting and entering without experience or just on a trial basis can make one end up in loss which is pretty much inevitable knowing they don't know what exactly needs to be done only they invest in the markets. Taking risk is natural when it comes to crypto markets because without risk, no one is able to make money here. You should know how to control the risk though because only if you control the risk is when you can make any profits our of crypto markets. Investing itself is not going to make you rich, you need to show some efforts as well.

Need to see you are trying to motivate others but as of now, it will be wise to focus on your journey first as even you seem a bit new to this journey. No matter how much knowledge you think you might have, there is always plenty out there waiting.

[slapper]

If you only have the mindset and no efforts are put than this strategy will never work. One has to spend a good amount of time in any market before starting and entering without experience or just on a trial basis can make one end up in loss which is pretty much inevitable knowing they don't know what exactly needs to be done only they invest in the markets. Taking risk is natural when it comes to crypto markets because without risk, no one is able to make money here. You should know how to control the risk though because only if you control the risk is when you can make any profits our of crypto markets. Investing itself is not going to make you rich, you need to show some efforts as well.

Need to see you are trying to motivate others but as of now, it will be wise to focus on your journey first as even you seem a bit new to this journey. No matter how much knowledge you think you might have, there is always plenty out there waiting.

The failure they're talking about is not losing capital. It's the kind of failure where you make a decision and watch it not work and are honest enough with yourself to know why it didn't work rather than just recovering from it and moving on like nothing happened. Which is what most people do. Move on. It's uncomfortable to sit with a bad decision and the market is still moving so you tell yourself you'll process it later and you never do.

Effort is the word. Still, as no retrospective mechanism for effort is motion. You're moving but you're moving in the same circles. The people that really get better, in these markets, not lucky, not temporarily up but actually developing. They do have some practice( intentional or not) of going back. Looking at what they did. Like okay what was I thinking when I walked in there. What did I feel. Was that feeling true.?

And most people don't have the answer to that. Not because they're stupid. But because they were never taught that decision have emotional architecture. That the brain from which fear is processed and the logic center is the same brain. Sometimes one is louder than the other and you have to know which one you're listening to before you act. That's what years in the market do teach you if you're paying the right kind of attention.

Actually what would help is not greater confidence. It's more uncertainty. More willingness to say I don't know yet. Which is hard. Because this space, crypto especially, is rewarding to people who sound certain.

[Adams0001]

The best time to take risks is at a young age. There is always time to recover, even if we fail. But when we have responsibilities, we get scared to take risk if not it will affect those depending on us for survival. As such, we will be scared to take a risk. At a young age, the result of taking a risk is either success or failure. If you fail, there are chances to correct those mistakes in the next trial, and if you are succesful you will grow bigger in what you do. However, I will also advise that risk should be well calculated to avoid taken risk that will destroy us completely.

Sure, taking risk at young age have more advantages then taking risk when you're already getting old. Because as your young age if you take risk you will have enough time to rebuild what as fail or correct your mistakes when you try again. If you have other people responsibilities on you the better thing you can do is to get a better business that can be bringing you profit gradually but investment is risk and you can lose at anytime, so you just need to think well and see what will work out for you better and take care of your self and your younger once. That is why if someone is telling me he can't take risk I usually think about that he have many things doing and he can't take risk to lose is funds, so my advice to them is do what your mind belive with don't do what you can't handle.

[Oluwa-btc]

Yes if you younger....few good years risk and have failures but after then dont lose.
The focus is on long-term value creation rather than short-term gains, often holding assets to improve them.

Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

The thing is you can't escape the fact that you tend to lose no matter how small and then taking risks at a tender age comes with so much pressure even it it can be amended but when you're of age the manner st which you take risks should be considered cause it seems like you're making a lifetime decisions that can't be unchanged. So then in building assets we all know it involves a long term commitment inorder to get valid results as  time goes on.

[SamReomo]

Right now safest way is crypto investments its in your wallet your keys ur control main coins like btc eth bnb always good.

The safest investment is Bitcoin only and rest are just safe investments but we can't call those as safest investments. I know ETH, and BNB, have been in the market for many years and throughout those years they've gained value and new investors but when we compare those to BTC then they aren't as safe as Bitcoin. Investing in Bitcoin isn't a risk but a good choice that those people make who want to build better wealth for their future or for their next generation.

[Marykeller]

Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

How possible is it for someone to stay without losing money? Someone would lose money as far as life it's concern and is not in any way making someone less or being unsuccessful.

When the loss of money becomes an issue is when someone tends to lose money in what is not useful over and over again without learning their lessons to be in something different that will bring forth future profits for them

[TheUltraElite]

I think the OP wants to emphasize the importance of crypto over traditional assets. But I would replace the word crypto with only bitcoin, because altcoins make no sense when we are looking for the long term approach.

Indeed starting early when it comes to investments is advised to everyone, because at that time they are spending more and saving less, and have a big life time ahead of them to compound the interest.

Failures are only paths to new beginnings, if you fail you have to learn why you failed and I think the term temporary setback is more appropriate.

[uneng]

Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

How possible is it for someone to stay without losing money? Someone would lose money as far as life it's concern and is not in any way making someone less or being unsuccessful.

When the loss of money becomes an issue is when someone tends to lose money in what is not useful over and over again without learning their lessons to be in something different that will bring forth future profits for them

Yes, money will be lost in some moments, doesn't matter what investment we are talking about. That is inevitable. I think the mindset displayed by OP is dangerous on the sense the individual can become too strict about his finances. The thought that "I can't lose a single dollar" can be devastating once he inevitably loses a dollar for some reason. And once it happens, it can't be the end of the world.

There are people who lost a lot of money and even went bankrupted, but still managed to rebuild after all. I think the mindset should be focused on adapting yourself to the circumstances, even the most aversive ones. Then you will be strong to rebuild and recover from a big loss, if necessary.

[dezoel]

Even I agree that gaining experience is important, it is not okay to just say it, it has to be real as well. Imagine it this way, if you just end up "gaining experience" by saying it and not learning from your mistakes, then where is the real learning coming from?

But, if you actually do check your mistakes, which requires you to know more about actual trading, then you are going to be doing fine without a doubt. Because learning from your mistakes will make it a lot better for you and could get you to profit easier.

[m2017]

Yes, money will be lost in some moments, doesn't matter what investment we are talking about. That is inevitable. I think the mindset displayed by OP is dangerous on the sense the individual can become too strict about his finances. The thought that "I can't lose a single dollar" can be devastating once he inevitably loses a dollar for some reason. And once it happens, it can't be the end of the world.

Losses (of the dollar) are inevitable, I would even say necessary. The dollar shouldn't become the meaning of existence, but rather help achieve one's goals. Because the dollar (as money) is a medium of exchange for goods and services, which means you will "lose" (but also "gain") dollars one way or another.

I agree with your assertion that OP's "philosophy" is somewhat flawed, as money (dollars or bitcoins) should "work" for the benefit of the user. Some people keep bitcoins (and dollars) for years (storage for the sake of storage?), which, in my opinion, is also wrong. What's the point of storing it forever? What's the point of living like this, just for the sake of holding money (bitcoin) forever? Money (dollars, bitcoins, and other financial assets) should be "spent" (at a certain point) on good (personal or social) purposes.

There are people who lost a lot of money and even went bankrupted, but still managed to rebuild after all. I think the mindset should be focused on adapting yourself to the circumstances, even the most aversive ones. Then you will be strong to rebuild and recover from a big loss, if necessary.

Even negative events, like losing money and going bankrupt, open up new opportunities. And in my opinion, it's precisely negative events that have the most stimulating effect on change (positive).

[Agbe]

The best time to take risks is at a young age. There is always time to recover, even if we fail. But when we have responsibilities, we get scared to take risk if not it will affect those depending on us for survival. As such, we will be scared to take a risk. At a young age, the result of taking a risk is either success or failure. If you fail, there are chances to correct those mistakes in the next trial, and if you are succesful you will grow bigger in what you do. However, I will also advise that risk should be well calculated to avoid taken risk that will destroy us completely.

A lot of young people use the excuse of taking risks as a means to do reckless things that they find it hard to recover from. Iike you said, the risks should be well calculated and not taken out of emotions. There are certain risks young people take that end up affecting them for a long time, some mistakes are very difficult to recover from so it's best not to put yourself in such precarious situations.

[suhadi88]

A lot of young people use the excuse of taking risks as a means to do reckless things that they find it hard to recover from. Iike you said, the risks should be well calculated and not taken out of emotions. There are certain risks young people take that end up affecting them for a long time, some mistakes are very difficult to recover from so it's best not to put yourself in such precarious situations.

This is what young people need to be reminded of: when they have money, don't lose your mind and spend it on things that are purely for pleasure. Instead, invest it in more promising and profitable instruments. Everyone has had a lot of money when they were young, but most of it has disappeared, and finding it again may not be as easy as it was when they were younger, because after starting a family, there are many needs to focus on. That time can't be repeated.

[Agbamoni]

A lot of young people use the excuse of taking risks as a means to do reckless things that they find it hard to recover from. Iike you said, the risks should be well calculated and not taken out of emotions. There are certain risks young people take that end up affecting them for a long time, some mistakes are very difficult to recover from so it's best not to put yourself in such precarious situations.

I cannot agree less. Risk should be calculated, rather than acting impulsively. Last week, someone was advising me to do something bad, and he made this statement, "It is better to follow your mates and go crazy when everyone is doing it, than to go crazy when everyone is normal". It sounds cool and conviincing but I know the consequences of the action, which is why I have refused to do it with them.

[MusaPk]

This is what young people need to be reminded of: when they have money, don't lose your mind and spend it on things that are purely for pleasure. Instead, invest it in more promising and profitable instruments. Everyone has had a lot of money when they were young, but most of it has disappeared, and finding it again may not be as easy as it was when they were younger, because after starting a family, there are many needs to focus on. That time can't be repeated.

Every investment need time to mature and if you are in your 20s and start investing in assets like Bitcoin then by the time by are your 30s you are in position to enjoy the profit. The young single guys have less liabilities compared to a person with family thats why such time is ideal to start investing. Even if you are not in prime age of 20s or 30s and you have realisation that you need to invest then its never too late to start anything. Its useless to cry on lost opportunities, focus on what is ahead.   

[barisbilgili]

Yes if you younger....few good years risk and have failures but after then dont lose.
The focus is on long-term value creation rather than short-term gains, often holding assets to improve them.
Less risky moves, safe ones are btc because if you never go all in there is always enough volatility lows and highs.
Right now safest way is crypto investments its in your wallet your keys ur control main coins like btc eth bnb always good.


Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

I don't think so, when we fail, we will experience losses and lose money, and I think that is normal, but we must be able to learn lessons so that someday the lost money can be replaced many times over. That is the purpose of learning from failure, so I think whatever needs to be done should be done while we are still young, and we should never be afraid of failing as long as we are willing to keep trying.

[HONDACD125]

Yes if you younger....few good years risk and have failures but after then dont lose.
The focus is on long-term value creation rather than short-term gains, often holding assets to improve them.
Less risky moves, safe ones are btc because if you never go all in there is always enough volatility lows and highs.
Right now safest way is crypto investments its in your wallet your keys ur control main coins like btc eth bnb always good.


Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

If someone has the mindset that they shouldn't lose even $1 in the process, they should always stay away from trading, because trading contains higher risks, and one can never say that they are not going to lose any money when they are trading, market is not going to favour you all the time, so even if you are constantly making profit in a phase, a time will come when you will face losses, but if you are consistent and you know you have skills, you can make that back, but if you are a newbie making wild guesses by looking at the market without any technical knowledge or understanding, then it's better that you stay away from trading.

It is correct that if someone doesn't want to take high risks and wishes to get high profits in the short term, they should definitely go with safe investments options such as Bitcoin and some major altcoins that are usually moving up and down with Bitcoin and we know that they don't move away from Bitcoin that much because if that's the case, we will have a possibility of making good profits from them as well in the long run, so we shouldn't waste our money on useless cryptocurrencies.

[Cheema02]

The best time to take risks is at a young age. There is always time to recover, even if we fail. But when we have responsibilities, we get scared to take risk if not it will affect those depending on us for survival. As such, we will be scared to take a risk. At a young age, the result of taking a risk is either success or failure. If you fail, there are chances to correct those mistakes in the next trial, and if you are succesful you will grow bigger in what you do. However, I will also advise that risk should be well calculated to avoid taken risk that will destroy us completely.

Your point about taking risk according to age is really valid and its true that in young age we could not be forced to pay responsibilities hardly so its best time to take push because in this age we easily recover the loss and have a chances to learn from mistakes. And also if we learn in early age from over mistakes then its helps to become wiser and stronger in future life and build over confidence and if fortunately we successful in risk then we get a  chance to grow for a strong business early. In the other side in old age we have a lot of responsibilities so if take risks then its very difficult to recover the loss in case of failure because a wrong decision can affects multiple lives including us because our families attched with us. But if we carefully take steps then we calculated the risk and take action according to perfect plane and avoid wrong decisions and with smart risk we completely changes our life and creat financial growth.