Always, it starts with your emotion, knowing how to manage your emotion will reduce the risk,
You mention the main point, buddy. Controlling emotion is the key to prevent the risk of a big loss, and
avoid more losses after a big loss. However, to manage emotion isn't an easy way, some people failed to do this. But, we have no choice, we must learn to manage emotions in order to make our gambling safer. Even if it is hard, we can try more until we can succeed to control it. Maybe one of the ways is by reading the expert's experience or tips from various articles.
if you ever lose big money in gambling, you need to accept that and learn from your mistake,
Correct. Accept it and don't be influenced by the temptation to overcome it immediately. We must have this mindset if we want to survive in gambling. Also, learn from mistakes is a must, it is the source to get understanding in solving the same problem in the future.