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Adriano said..sailquik said....."You need to be in the right place, at the right time, on the right gear." I have been known to add "With and attitude of a considered disregard for ones own safety" 
That's right. If a sailor is thinking about their personal safety, they are never going to sail fast. This has been the undoing of many potentially good sportspeople.
I think about concentrating forces into drive and visualise forward momentum. Only then, do the forces balance into that forward-sucking feeling we love as speed sailors.
As in all things, there is a balance to be found between risk and reward.
That is why I used the word 'considered'.

The biggest thing is confidence. Real confidence, not false confidence.
Confidence comes largely from experience. That experience needs to involve one exploring the limits of their equipment and skills, especially where the consequences of finding them are relatively minor. As limits are found, understanding of how hard one can push is refined. Mostly, it is the knowledge of when you are approching the limits so you can not worry, and can concentrate on the performance at sub-limits levels.
It is also about recognising what the 'limit' or danger area
really is and developing the skills to confidently cope with situation where you are on the limits. It could be having a plan for coping better with loss of control and a crash, or knowing there are things you can do to give a good chance of recovery from loss of control, or having the calm mind, focus and skills to stay on the edge without completely loosing control.
And then, the big one! All of that experience and knowledge come into sharp focus when you really are in the right place at the right time. It also means that you should recognise what equipment you need to be on and be familiar with it. But most of all it means that you can have the confidence to push it as far as it will go. You will be OK to do that because you know what the limits feel like, and that even if it all goes wrong, you have a good chance of coming off OK. And that is what I mean by a '
considered disregard for your own safety'.
There is a limit to how much risk any sane person will take when you reach that point. How people decide that is beyond me to analyse, and it is clear that some people will consider another person to be crazy. But remember that they are looking at it from their own perspective and experience. The person they think is taking a crazy risk may actually think/know they are still well within their area of reasonable risk. All you have to do is watch the replays of Marc Marquez recovering his MotoGP bike from what to most would be certain crashes to get that. Or watch the top World Rally champs calmly drift their cars through a gravel road corner at 130 km/h sideways, that a normal driver, inexperienced in those conditions or vehicles, would consider to be a 40km/h corner.
In the end it may come down to how far that very experienced and confident person is willing to go into unknown territory. And that my friends, is what we call Bravery.