Taking a risk also taking you to the huge profits. If your guts were right, good for you. But we can not learn our lesson if we do not experience such loses. Crypto tradings are really risky, it is how we use some strategies to gain profits with this unstable market.
In this market, we just have to learn to always balance things, yes it is good to take risk, because a successful businessman will always take risk but he would not just take risk without studying it first and outing all risk management tools in function.
We have to look at the risk if it is worth taking or not and not go about taking all ring that we see. And like you said, after deciding if the risk is worth taking, we have to apply lots of strategies to it, without have a good strategy in our trading, whatever risk we take will eventually become worthless even though I looks worthy from the onset.