Things like setting stop loss, not putting all of your money in one single trade no matter how sure you are, understanding your risk to reward ratio, knowing when to sit out a trade , all of this makes a huge difference. Its not about being scared but being smart.
Use best and most powerful weapons in trading: stop loss order and stop limit order. Those orders can help you manage risk better and reduce loss on your trading capital. If you are ready to use those weapons, you will probably defend your initial trading capital better. It means a lot for a trader, without trading capital, you are done and have nothing to do with the market.
One of the Best Weapons in TradingWhat is a Stop limit order?