Singe (one's) wings verb phrase
To suffer harm, loss or damage by doing something risky
She used to be a famous actress, but she singed her wings when diverting to singing.
With your current health condition, you will singe your wings if you continue the race.
If you take a flyer (on something), you take a chance, risk, or gamble on it.
Used when you talk about one's feelings of sadness or pain, especially because of lost love or one-sided love
This proverb advise you already have your own valuable thing, so you don't need to take the risk of getting something better, which may cause you to lose everything.
1. To grab or make the most of the opportunities when they happens or exists
2. When you take your chances, you take a risk because you may fail.
To suffer massive losses in the process of doing something
The verb "singe" should be conjugated according to its tense.
Allusion to the tragic story from Hellenic mythology, where Icarus along with his father Daedalus befled the Cretan labyrinth of Knossos by flying with wings that his father had made from feathers and wax. Daedalus forewarned his son of flying neither too low nor too high, that the sea's dampness not clog his wings nor the sun's heat melt them; but Icarus unheeding his father's bidding flew too near to the sun, thereby melting the wax in his wings: so he tumbled out of the sky and fell into the Aegean Sea where he drowned.