~snip~
When we do talk about minimizing risk then there would be lots on the list.
1. Never be greedy
2. Set a specific goal/profit on a certain trade.
3. Dont chase losses
4. Set stop loss
5. Dont get fomo'ed or shilled out.
6. Dont be emotional.
These are only the basics but actually a hard thing to be done.
Indeed very basic guidelines, but It's actually harder than you though it would be.
Greed has always been chasing before us, It's unavoidable not to be tempted by greed, specially we're dealing with money here. That's where the greed starts.
Not chasing losses and setting stop loss is somehow a character than can be easily obtained by any experienced traders. While, FOMOing is inevitable too when greed takes over you, and not only those traders with low experience could be fomoing but also the very experienced ones.
Emotion is always there, as human being, that can't be avoidable.
Sure this would really help to manage the level of risk and pressure, but then again, it's really hard to contain.