Losses are the part of trading. Honestly speaking I have lost ample to my capital in trading. Even today after an experience of 8 years in trading I lose many times when I break the rules. Trading is not about losing but its about being disciplined. If a trader trades with discipline he/she can avoid losses and have more winning trades. Losses can be reduced by planning a trade and be disciplined in executing it, accept what market gives you, do not fight with the market.
I agree with this. That is the reason why a lot of people are losing money in the market because they keep resisting from the data that the market is giving to them. The charts and the data that we are seeing from the market should be the guide to decide if we will cut our loss or if we are going to continue holding our position.