The good news is, there are many tools and techniques that will keep you out of harm's way. The question is, are you disciplined enough to follow the plan? If you are, then you have a very bright and profitable future ahead.
Big gains are followed by bigger losses. You start optimistic, you quit discouraged, you take a break...and then repeat the cycle all over again until you're broke and beat down.
The market humbles risky traders. Every time.
Even the best traders in the world experience loss. What makes someone a pro is how the loss is managed. The good news is, there are many tools and systems available today that will help you manage risk.
You must figure out how to incorporate healthy risk management practices with your personality and trading outcomes. This is not a one-size-fits-all approach. Most people get this wrong. They try to apply the principles of someone else to their personal trading. But unless they have the same account size, personality, and trading outcomes, this will end in disaster.
This is the most important thing: You must determine the right risk management practices for your own trading account ... or all of the other work will be for nothing.