A person unwilling to lose anything eventually loses the freedom to choose boldly.

Refusing to risk anything eventually costs you the ability to choose. Every bold option involves possible loss, so ruling out loss rules out boldness, and what remains is a narrow set of moves you make by default. The protection succeeds completely and leaves you with nothing worth protecting.

Ask what you are unwilling to lose and whether that unwillingness is currently reasonable or has quietly become total. Then identify one thing you could risk losing without disaster, and let yourself risk it. Keeping the capacity to choose boldly requires exercising it occasionally, on small things, before the large ones arrive.