A good risk has a floor. Know how far you can fall before you leap.

A floor is a known worst case you can live with: the money you can afford to lose, the time, the thing still standing afterward. People who handle risk well set that number before they begin, while they are calm, rather than during, when they are not. With a floor in place you can afford to be bold, because the bad version is survivable. Without one, every setback becomes an emergency.

Name your floor before the next attempt, in actual numbers if money or time is involved. Decide what would make you stop, and write it somewhere you will see it.