No matter how experienced and proficient you become as a successful trader, you still need to have proper knowledge of risk management strategies. To make a profit from your business, you must develop a practical plan to properly manage difficult risks. Or you may lose your money. The market will knock you down. To sustain yourself in the trading business, you must patiently learn the basics of trading and, at the same time, make yourself more efficient through practice. You will make mistakes again and again because none of us are above mistakes. But we must learn from that mistake without being disappointed or impatient so that we can use that learning in the future. Always remember that trading without a solid risk management strategy is more prone to losses.
People take risk to always be a joke and if you don't have a good skill of managing risk then you will be safe because if you have experience and you are not managing or you don't have knowledge on how to manage does risk it will affect you one way or the other because trading you need to avoid a lot of risk so without the knowledge a lot of things is going to be impossible. And learning from other people's mistakes is also part of risk management so that you also do not make the same mistake because a lot of people are always neglecting the community were you can learn a lot of things. The moment you decide you want to trade that is the moment you will start a new school because you can not always be perfect so it will be better to take leaning serious so that you don't fall victim of losing money because nobody will be happy losing money so to avoid the losing embrace learning that way you can reduce the risk of getting liquidated, and what ever the challenge may be always share so that you will find help.