What is risk?

Many people have misunderstandings, thinking that stocks, futures, and cryptocurrencies are very risky. The truth is that the things themselves do not have risk. Don't rush to refute; let me finish. The risk lies with people; people are the source of risk. Therefore, these actions, these thoughts, are all executed by people. For example, if you set stop-loss orders, control your position size, and avoid leverage, this is called manageable risk. If you are someone who cannot manage risk well, you will have a gambling mentality: not setting stop-losses, not accepting defeat, and the more you face headwinds, the more you will double down, ultimately leading to disaster, placing hope on ignorance and luck. If you are someone who cannot manage risk well, even if you are not involved in finance, doing business will also be a gambling mentality, risking everything at home, borrowing money everywhere, and so on. Whatever you do will be with a gambling mindset, ignoring risks. So let me emphasize once again, things themselves do not have risk; there are people who have risk. Whether investing or choosing friends, you should look at whether this person has risk, not just at what this person does. #风险认知 #稳定币热潮