Having that budget and prevent getting exceeded will keep you safe and will still be able to call yourself as responsible, though it's tough to compete against your ownself as sometimes you'll find yourself in a situation where you think that you have big potential to win but upset happen after, those are the times that you need to consider and always knows your bounderies so even you exist some you'll be able to catch up and pause to reassess, that will stop the bleeding and prevent you lose more.
Every gambler should already know that fact, because risk is like the fuel if everything, but what make risk worth it is the fact that calculated risks can give your an extremely big success in the long run, so let not give up on risk but what we should make sure that we do is to take a very careful look at every step before taking them, gambling is not for the weak neither is it for the greedy ones.