But I disagree with the second part although I understand what he would like to express.
He would like to say:
If you attempt to change something's risk in this market, it is unlikely to happen. Because everyone would have done the same thing. The only thing people are afraid and avoid to do is taking the risk.
However, it is possible to reduce the risk by making strategies and customizing your investment combination,
But NOT fix the risk itself.
For example, 'take profit', 'stop loss', 'lock position'....., and so on. If you are professional, you even can do an ETF.
There are many ways to manage your risks, depends on how we do.
Hope my ideas help. If anyone has questions, please feel free to ask me )
All success to everyone!
Discipline rules, not emotions.