Today I want to share a Chinese proverb that dedicated the HYIP.
Fish see Baits, but not the Hook. Men see the Profits but not the Risk.
Everyone loves profits, that's an undeniable fact. But the majority
ignore the risk involved until they get hit by a huge lose. We need to
control our greed and should evaluate whether the risk involve is worth
taking before making any decision.
Almost all newbie including me when I was new to the financial world
will get really excited and trying to jump aboard the bandwagon as soon
as possible. This is caused by the hole in our heart, a hole that never
going to be filled by anything. After the honeymoon is over, we will
start to realize the cruelty of the financial market and majority will
leave and telling themselves that only dumb people will involve in
financial market and it's just another form of casino to lose your
shirt! No one will win except the house!
This is what happen to the people around me. But some of them will still
stand out and continue to learn and try and learn and try. In HYIPs,
investors will have their own method to evaluate each program. But the
problem lies on not all investors will sticks to their method they use
to evaluate program.
Such as, when you evaluate a program with your own method and found that
the program doesn't looks good at all and you tell yourself you are not
going to invest in this HYIP. But after you went to goldpoll, MMG,
Hyipexplorer and others forums and monitors, you found that there're
lots of people posting about they are being paid, Mr. greed start to
approach you and... you decided to invest in that HYIP!! You have forgot
all the risk involve in this HYIP as you are focusing solely on
profits.
Some people love to join the crowd, because they feel comfortable. But
sometimes, joining the crowd will make you lose your the direction you
are heading. I'm not saying that following the crowd is the dumbest
thing to do in the world, but follow the crowd blindly will lead you to
catastrophic.
Mr greed is looking over your shoulder always whispering and sometimes
shouting. When you start to listening to that then you looking and find
evidence to support 'Mr Greed' and there it goes.
We need to invest time in the learning curve and not just gamble with our hard earn money. In any market we trade or invest, there is luck involve. But those who
make serious money from poker and other financial market typically share
the same traits. They only bet when the odds are stack in their favor and will not make decision emotionally. Those who depends solely on luck will not stay long.
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