I’m pretty sure, you’d have seen movie scenes where they gamble, go all in & make tons of money!
Sometimes it may excite you to go all in. In your trading, investing, business journey, etc. Not a prudent decision.
Understanding that reel & real life is different is crucial in money matters.
If you wrong, you’d be blowing up & on the streets the very moment.
Yet we often hear people going all in, into cryptocurrencies at the top & going broke.
Same applies to stock market traders & investors.
Diversify your positions. Diversification acts as a natural hedge in the long run & acts as a saviour in calamities.
Never go all in, unless you are doing it for the big screen. Or you wanna taste the dirt.
No matter how strong your conviction is, 1 wrong move & you’re gone forever.
Especially during bull markets like the ones we’re in, it would tempt to go all in. Some may even use leverage to enjoy the euphoria.
Preserve capital. Returns will come.
