Need help ELK Gurus?

How do we design the size of elastic database?
Is there a way to control the data being stored by elastic database?
How to see the types of logs (stdout, stderr) being stored in elastic database?
How to control the log types being collected by elastic search?
Is there a way to limit the log types and limit the size of the elastic database?

Look at ILM to control data volumes and retention.

There is also this very good blog

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Guys @warkolm and @stephenb really appreciate quick response!