Oh yes, we also have to distinguish between working hard to achieve something and forcing ourselves to achieve something. There are times when we have to think about that, because it is not uncommon for people to think they are working hard, when in fact, they are pushing themselves.
These are not easy to know in the moment and frequently it takes experience to better understand boundaries (or thresholds) that we might have, and if we might have gone too far in something that goes from being aggressive and/or assertive and into the lands of gambling. .., and it can sometimes be o.k. to cross over into some places that we might not want to go, but we have to realize also whether we might still be able to achieve some of the same desires for risks or whatever, but just take a bit of a smaller position size for that particular part of what we might be trying to do.. for example, we might go over budget on something or we might even decide to be overly whimpy on something... but if we think about why we are doing it and what are the consequences, then at least we have potentially been able to get some of the benefits of modifying what we had thought that we were going to do, but to modify it in such a way that accounts how much of a position we using in order to take those actions.
In any case, experience is invaluable, and this is no exception when it comes to realizing the points I mentioned earlier. I didn't realize it right away either, but it has been a long process for me to be able to say things like this.
And if we talk about risk, or the consequences of what we do, then it is very clear that everything has that risk, whether it is a small risk or a big risk. and again it is experience that helps us determine whether the risk is worth taking or we should avoid it.
Yes, I agree with this, the knowledge we have is inseparable from the experiences we have. Or even experiences that make us wiser in determining something that we did not encounter before. Moreover, we are talking in a space where we are led to be able to continue to develop in seeing certain situations. The cryptocurrency space, especially bitcoin, is something that we cannot understand with a quick process, and I am sure outside of me many investors have grown along with their experience while in this space.
Sometimes in situations where we have to choose, the person with knowledge will be different from the person with experience. I mean, experienced people will see what they have experienced before, and I think that's a +.