Multiple times I saw people ask for advice from their seniors/elders on new ideas or before starting a new business extra, but when they failed, they start blaming elders for that specific failure. I well-saying in punjabi language:

" Suno sb di kro apni"

Means listen to everyone's advice but do what's your own choice. Mostly I observed, people who hate us give wonderful advice because they believe that he is just spending spare time, chit chat with me and will never follow our advice. That's why listen to them carefully, at the end the ultimate decision is yours.

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Don't be spoon feeder, be a risk taker!

Often I saw some people are so conscious about there life, they ask everyone for the advice, like If I have done a my FSC, I asked my teachers what degree should I choose, its fine to ask for advice from elder siblings, parents and teachers they can do proper counseling.

But its bad to ask everyone, who even don't know about ABC of the field. So the right person for the advice is important, listen to them, analyze your internal potential,in which subjects you have good command and in what way you can serve, colony, country and the whole humanity.

Not let anyone to take your life decision. I seen in my family, some of my cousin who decision always taken by their parents, yes elder suggestions is important, but it doesn't mean that they will start controlling.

Don't be a spoon feeder,one should aware of his capabilities. Don't be a follower, be a decision maker, what will happen it will flop. Its okay, got a chance to do that thing in different way. You will be confident for that it's my own decisions.

I remembered when I was new in crypto I learned about basic of trading, support, resistance, indicators extra, I started trading, Initially I invested in the doge coin, started with 11$, within two days these 11$, converted to 13$ means 2$ profit, but I was in greed and didn't sold. On that there is hype of doge that It will hit 1$. My portfolio was 40% up and 80% of my funds are in doge, but I haven't sell for sake of more profit than the market crash and I suffered with a huge loss.

About 2-years to go still my small portfolio is in -48$ loss, but I have given up, learned many lessons in short span. Two are more effective:

1) Never wait for more and more profit, take entry in parts and take profits in parts too!

2)Always keep 50% of portfolio to do DCA, doesn't matter market crash or pumped. You should have 50% of stable currency in your.

These two lessons I learned, by wasting my hard earn money hope so it will helpful for you guys. Also an important thing is knowledge, one should have proper information before entering in new world. Because of lack of experience and knowledge I faced this loss. But I m happy that I learned from these experiences. the need is, not to repeat them.

Thanks for reading!