Risk– when it comes to life risk can be a bad thing. It means not looking both ways before crossing the street. Risk is like breathing when it comes to trading. It is the only way to stay alive. It can be toxic air or clean air know the difference before taking a deep breathe.
Loss– losses are a part of trading they need to be handle the same way as wins, the psychology should be determined by the way it was realized more than what was realized. The exception is big losses/risking more. You will have more control of amplitude than frequency so take advantage of it