Every individual has his own risk tolerance. Where as yours may be different than friends. It means you should not follow the investment of your friend without knowing his risk tolerance and yours.
Basically, you'll be able to better judge your risk tolerance watching what kind of person you are. Of course, it is interesting to be able earn money in the short term, but how will you manage both emotionally and financially if you are losing money? That is something that you should be aware because you will not need to stress yourself or your pocketbook if it is not necessary.
Risk Tolerance Questionnaire Sample:
What is your attitude towards invest money?
How much risk do you believe you can take?
Please describe your Review working with financial advisers in the past.
Do you have personal beliefs which affect where and how to invest your money?
What is the biggest factor for you in developing an employment relationship with a financial advisor?