The first rule of my risk management is to never invest in shit projects, you know why? It always save me the stress of taking my loss because they comes in less number.
Why do we know if it is a shit project or not? For a new crypto project, it is difficult to determine whether a good project or a shit project. I think managing risk management by avoiding a shit project, seems a bit difficult to understand. Most new projects in crypto look hard to trust, most of them have a chance to be a scam/shit project. Why don't just buy top coins? I think to lower the risk, better to invest in top coins.