In this context I will make some emphasis the pattern of taking risk and not just blindly but rather on a calculative pattern.
When I do made mention of risk, so many individuals reason on a different kind of ways or system of risk, like the going all in type of risk or what ever happens, happens kind of mentality.
Being calculative is all about thinking first in probability and uncertainty, especially when yoi are dealing with a system or something you have no control over. Like tje financial exchange markets popularly called the " forex" market.
The market deals with the general exchange of currencies in pairs ( like us dollar against Canada dollar) fighting for who to be superior consistently. Just for a lay man understanding though.
Every tech personnel in the form of financial expertise is a trader and definitely they're risk takers but with a different from, this is where the normal investors are not tje same with the expertise because they know for facts the market is own or control by anyone instead sentimental analysis and forecast information do have some impacts and these are made from the economic activities and strength.
So many great minds or people who have dome great and massive impact to humanity which result to us celebrating them today was a risk taker, they have indeed made lots of sacrifices, lot's of try and errors automatically learning from the errors, not until tje concept of risking but not all just in case it fails again, with this little idea there comes the spark and a total change in reasoning, the concept of risking calculatedly and not randomly.
Being in any trade regardless of how best your approach or strategy is, there's still a chance it will go south, meaning it can still go against the trader that particular moment.
I can't see an investment opportunity and just put in my cash immediately without knowing the actual state of it demand and how it might go in the future. Same applies to normal businesses run by an individual, if the supply are much and available the demand is less making the price is low, but if the demand of any commodity is high because of it scarcity the price automatically becomes high, same goes to the supply principle, by reducing the supply and making demand high so that they can inflate the price.
You buy when it is cheap and sell when it is expensive. That's tje logic of foreign exchange principle.
I show maximum respect to all calculative risk takers, they know how to take and manage risk simultaneously though. That's remind me, there's a road map of applying patience, discipline because that's where the money lies, waiting for the right moment to strike.
Then in managing the risk, there is a thing called risk to rewards, before a risk is activated a planned reward is in check once it plays out well, like risking one percent to make three percent.
Knowing fully well it would take like ten or twenty attempts to invalidate the account, so with that in place there's higher chance of scaling through after the hurdles.
All images are mine.
It was really educative and insightful reading through your blog @chizzy100, there are risks in virtually everything that we do in life but how we manage them matters.
Thank you for sharing
This is really educative sir, I just wish many will read through.