Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you with signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.
For sure every trader needs a strategy to be a successful trader, trading without a strategy is like someone on a journey without a direction or destination point.
Risk Tolerance :
Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.
I don't get you by what you said here "but a good strategy covers it deeply"
Do you mean if one is a good trader that high risk doesn't matter because you are a good trader? I would like you to elaborate more on this particular point you made in good or not good risk management is key to becoming profitable, once you are over the market has a of disciplining you.