risk management is very much needed in trading, because the risk in trading is higher than being a coin holder.
I always take the smallest risk to get profit in crypto investment because my capital is not large, if I experience losses too often, my capital will probably run out.
that's why I do analysis and make plans by always using risk management correctly.
Yes, it is the smartest thing to do, in fact, anyone who makes a risk management plan Before trading does well because the most important thing is to preserve your money , and if you make plans to make that money work, it is the best there is, those who do this will not have problems with their trades or with market reactions because they have everything calculated, so for me this type of plan is very intelligent, in fact this is almost never mentioned in books, this information is important and for me it is the main thing.