For me risk portrays the amount i may have to incur by investing in some asset. And hence i never risk more than i can afford to lose.
If so then it would be difficult to quantify your risk. As a trader I want to be able to define my risk so that can rationalize, in my mind at least, if the reward is worth the risk. A coin flip for a couple bucks is a risk I would take but I wouldn't flip a coin for my entire portfolio. Granted it is fear of losing that governs my decision.
To be brave you gotta' be scared...my trading improves when I respect money. Mechanical trading somewhat removes the "pain of losing" that gets etched in your soul when you have followed your system. Es
Exact opposite for me; I'm a chicken. When wining or losing doesn't matter, trading becomes so much easier. A mechanical system with a defined risk (I'll risk 1% of capital on a trade) and a strategy with a proven edge, allows one to fearlessly make trades, knowing in the long run the system is profitable. DD