Too many people misunderstand what risk is. Most confuse it with money management, but they are two very different things.
Risk is exposure to the portfolio. Money management is adjustment to the position size that allows you to maximize return without undo risk on your overal trading account.
Let’s say I trade market on four market portfolio EURUSD, GBPJPY, EURAUD, AUDUSD. In order to properly control my risk I must know the maximum drawdown my strategy has generated in each of the four currency pairs. Only then I chose right position size that will ensure that I will lose only certain percentage of my account in the event each pair suffers maximum drawdown at the same time. Most traders never take time to do this. Most will use some variation of 2% risk trade model. This style seeks to control risk by never risking more than x% of their account on anyone trade. What traders tend to do when using this method of risk control is using stops that are far too tight. They never consider that the other half of their management equation is position sizing. Trader using this method of risk control is also prone to breaking their rule model when their trading is producing consistent profits. Have you heard of traders double or tripling their accounts only to lose it back in a matter of days or hours? Trader who properly understands and manages risk never puts him/herself in a position to lose their entire trading account.
You are not trying to get rich… you want to be consistent. If you can make $1 a day you can make $1000 a day.