Emmy Nominee Felicity Huffman on Winning and Losing at TV's Biggest Award Show

Nominee Felicity Huffman knows it doesn't matter if you win or lose at the 2016 Primetime Emmy Awards

Photo: Tibrina Hobson/Getty Images

Felicity Huffman knows what it’s like to ‘win some’ and ‘lose some’ – and she’s not phased by either outcome.

The 53-year-old actress won her first Primetime Emmy Award in 2015 for her role as Lynette Scavo in Desperate Housewives – and has been nominated three times since then.

This year, she’s up for best performance by an actress in a limited series or motion picture made for television for her role on ABC’s critically-acclaimed series American Crime. But you won’t see her sweating come Sunday.

She explained all to PEOPLE at the Variety and Women in Film Pre-Emmy party (sponsored by Mercedes-Benz) in Los Angeles on Friday night.

“I was talking to my 16-year-old daughter about it and she asked me ‘Are you scared about winning? Are you scared about losing?’’ and I said, ‘no,’ ” she said.

“There is this wonderful golden cradle that happens from when you get nominated to the moment where you lose and you’re just really happy, ” she explained. “I’m really honored to be in this group.”

Huffman has two teenage daughters with husband of nearly 20-years, William H. Macy – Georgia Grace Macy, 14 and Sofia Grace Macy, 16.

“I really love them,” she said – adding that now that they’re older, her parenting style has changed from the early days of fighting over the latest toys. “Little kids just suck you dry and I find that exhausting,” she said. Teenagers take some finesse. They are hard. But I find it to be more of a dance about love than a fight about resources.”

That dance sometimes has to be danced from a distance, Huffman says.

“I love seeing them become who they are. Often times with teenagers the dance is, you have to be far away from them to dance – but you have to be in it too. They don’t want you close up. It’s not a close dance. It’s like you are at one end and they are at the other.”

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Her kids will definitely be at the other end of Huffman’s Emmy dance on Sunday. So far, in fact, that they won’t be watching!

“They don’t usually watch the Emmys,” she said. “This kind of celebrity thing it’s really wonderful, but I think it can be working. I don’t know what it’s like to be the child of someone that’s up there, so I try to ease back on that.”

While she may seem like an expert parent, Huffman by no means thinks she is.

“I sound like I know what i’m talking about, but I don’t,” she jokes. “Talk to them when they are 25!”

The 68th Primetime Emmy Awards, hosted by Jimmy Kimmel, will air live on ABC from the Microsoft Theater in Los Angeles on Sunday.