Very insightful read, Rasmus! Glad to see you've taken a positive outlook on it.
I'm on the complete other extreme, too overwhelmed by anything that can go wrong with investments that I usually pass them on. Being that risk averse, I might have lost much more "potential" profit and I'm making my own peace with that.
Your post is a great reminder that even when things go wrong big time, we can still bounce back and learn valuable lessons :)
I think it's great how you took lessons out of that experience...
There is a lot we can learn from the past.
I am also chasing money sometimes, investing heavily into the stock market. But I realise now that money isn't really motivating me, I just want enough so I can live life on my terms...
Even in the dumbest and most dire situations, there's surely a vital piece of information to extract--whether that be newfound knowledge of your risk tolerance, priorities or mental fortitude.
As it stands, I'm motivated by money. I find it hard to quit my decently paying job to focus on my passion. I like to think it's the underlying goal of living life on my own terms as well that drives it. I guess I'll find out when I get there.
And you're right. I've taken a fair few losses, but with each one we learn. We'll certainly catch something to propel us toward our goal, whether it be the next coin, company, opportunity or momentum for ourselves.
Very insightful read, Rasmus! Glad to see you've taken a positive outlook on it.
I'm on the complete other extreme, too overwhelmed by anything that can go wrong with investments that I usually pass them on. Being that risk averse, I might have lost much more "potential" profit and I'm making my own peace with that.
Your post is a great reminder that even when things go wrong big time, we can still bounce back and learn valuable lessons :)
Thank you for reading Melina!
There’s something to be said for being risk-averse. It’s a more stable and gradual approach, that causes less emotional fluctuation.
There’s probably a happy middle ground, but we also need to focus on what we prefer rather than what might be “optimal”.
Most situations of this nature can be bounced back from. It’s never so bad we can’t learn from it. I hope that comes across!
I think it's great how you took lessons out of that experience...
There is a lot we can learn from the past.
I am also chasing money sometimes, investing heavily into the stock market. But I realise now that money isn't really motivating me, I just want enough so I can live life on my terms...
Great post! And let's catch the next coin haha
Haha, thank you Stefano.
Even in the dumbest and most dire situations, there's surely a vital piece of information to extract--whether that be newfound knowledge of your risk tolerance, priorities or mental fortitude.
As it stands, I'm motivated by money. I find it hard to quit my decently paying job to focus on my passion. I like to think it's the underlying goal of living life on my own terms as well that drives it. I guess I'll find out when I get there.
And you're right. I've taken a fair few losses, but with each one we learn. We'll certainly catch something to propel us toward our goal, whether it be the next coin, company, opportunity or momentum for ourselves.