Risk management is very essential when it comes to trading, using stop loss and making sure that your trading Capital is properly planned...most people go all in because they trust their strategies too much and they still end up blowing their account... losses is something that cannot be avoided in trading but the damage can be controlled if you follow the rules of risk management.. this is done with the aim of making profit either in a long or short term
Yeah absolutely. Risk management is important and you must have at least enough money to make a comeback if your current set of trades bleed out. Because no matter what we think, the market is totally unpredictable and even the best strategies and traders lose every now and then. A good trader wins more times than he loses on his trades and knows when to cut his loses and stop.
I myself had excellent trades but personally my problem is sticking with some trades despite seeing them not going well. For example recently when mantra DAO collapsed I had the opportunity to sell at a lesser loss but I waited and eventually got dumped.