Risk management is one of the most important pillars in trading. A trader must think about this before starting trading. This is not a matter of how much profit a trader can achieve, but more important is how long a trader can survive in the highly competitive crypto market.
You are very much right, our foundation in trading must have very strong pillars, and one of the strongest pillars aside strategies is to have a solid risk management strategy. If we are taking bigger and bigger risk in trading, we must also ensure that it has to be for something that is worth it. One of the most dangerous risks to ever take in trading is greed.
I have seen a lot of people risk their sell order for greed, using instinct which they eventually lost to it, so one of the risk we must first of all endeavor to learn to manage and overcome is that of our greed, because greed is what could make a pro trader become amateur in his trade when he get s to one, while others would be capital risk management and others.