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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 off—or one that didn’t 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 didn’t go as planned. The restaurant didn’t 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. I’m 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. Let’s talk about the toughest risks you’ve taken in life, what you learned from them, and how you weigh risk vs. reward in your decisions today.
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Freytrades🎩📈
@freymon.eth
the toughest risk i’ve 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) i’ve found myself struggling with being consistently profitable in my trading career because i’ve had to juggle school life and activities with trading but this year has been the one i’ve seen the most progress in. Over the past 3 months i’ve 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 i’ve 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 can’t find the right words to explain it in)
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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 I’m not the best to give advice on this lol.
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Freytrades🎩📈
@freymon.eth
yes indeed, practicing a lot, backtesting a lot, spending time with the markets, constantly updating your knowledge do play a really significant role here, cause it’s the only way to understand your model and have confidence in it and also gain vital experience (i think i’ve been neglecting some aspect here because of my school life)
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