very true sirji.. but very difficult task for people still in the learning curve (me on the top of the list)
Faced the music yesterday and day before
yes , it is hard because managing risk takes lowest priority for most traders. Greed over takes and as a result they make mistake. It will take time and practice to master over greed.
All risk management and discipline is thrown out the window when greed & fear takes over.
It is hard because of the nature of greed and fear built into humans and as traders you must practice control over these two major emotions , until then you will be on the losing side.
Control on greed and fear is not taught to us since birth , only when you want to become a trader do you pay any attention to these.
Keep practicing.....