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Maretus
@maretus.eth
Navigating Risk vs. Reward How do you decide when a risk is worth taking? Have you ever taken a big risk that paid offāor one that didnāt go as planned? I have done both. At 19, I took over ownership of a small franchise pizza restaurant. It was a good opportunity but it didnāt go as planned. The restaurant didnāt make money and I struggled to make ends meet. Ultimately, I sold it for a very small profit, but nothing for the time and effort put in. Then, in 2013, I quit my safe job to start a risky digital marketing company. We grew quickly and in 2014, a large competitor made a generous offer to buy out the company. I took that offer and I began working for them. Today, I am much more careful about taking risks. Iām almost 40 and my time is more valuable to me now. I will still take risks but the rewards must be outsized for me to really do so. Letās talk about the toughest risks youāve taken in life, what you learned from them, and how you weigh risk vs. reward in your decisions today.
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Freytradesš©š
@freymon.eth
the toughest risk iāve taken and still find my self partaking in is the one that relates to my trading career. i am currently 21 yrs of age, and over the past few years(3) iāve found myself struggling with being consistently profitable in my trading career because iāve had to juggle school life and activities with trading but this year has been the one iāve seen the most progress in. Over the past 3 months iāve made and lost over $10,000, to break it down further during the month of august i had about $6k in profit but lost it during september and between the end of september till now iāve made over $3k and lost it all once more this past week. But there is a reason for this my clear foolishness, (which i would share in a later date because i canāt find the right words to explain it in)
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Freytradesš©š
@freymon.eth
i am just trying to create a better life for my family and myself after i lost my brother 2 years ago (this should be a major reason)
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Maretus
@maretus.eth
Trading is super hard dude. 90% of people who do it fail. To be a good trader, I think you need to practice A LOT. But I am certainly not a good trader so Iām not the best to give advice on this lol.
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Midnight Marauder āļø
@midnightmarauder.eth
Being consistently profitable is hard af but getting rekt is part of the lesson plan imo. Iāve learned to take smaller profits when I have them and forget about the home runs. Not as many high highs but the bag stays intact
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