I think the main difference between tourney play and cash games can be boiled down to:
Tourneys:
You can make a big mistake as long as your stack can handle it and quality short stack play can result in a come back. Tourneys are forgiving and you only lose what you put in.
Cash Games:
You can't make a big mistake at a cash game vs other players with significant stack sizes. If you come in with a bankroll of 1k and you're up for the night $5k after putting you're stack to the test and then you run into a huge hand that results in a crippling of your entire bankroll and winnings for the night you are going home broke.
Cheers,
Danjiro/BonusJunky
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