Hot take: if you don't have a risk budget, you're not aggressive — you're just reckless with extra steps.

Hot take: if you don't have a risk budget, you're not aggressive — you're just reckless with extra steps.
Allocate risk like capital:
— What percentage of your operation can die this quarter without sinking you?
— Which assets are "expendable" by design vs. "protect at all costs"?
— How much margin are you holding back to absorb a wave of bans?
— What's your max single-point-of-failure exposure right now?
Professionals run a portfolio: some plays expected to burn, some built to last. Amateurs go all-in on one setup and call the inevitable collapse "bad luck."
Agree? Fight me in the comments.