definitely!
and risk management is key even if you're not trading, only gambling
imho this is one of the best crypto articles on risk management
https://medium.com/@Cryptilicious/risk-management-for-trading-8608d813872d
really important concept for gambling, trading and for life.
Interesting article, well, for me, the first thing every gambler or trader must know is the risk, if they are aware of the risk and they pursue that means they understand how to manage it. We can think of the reward as well but we should not think that we can get the reward overnight as no trader or gambler that are successful overnight, except for those who are extremely lucky and they win a jackpot.
What we are talking here is the consistency, and we need to achieve that if we want to be successful.