I like to support the aspect of the topic and that is really true but as you said, the saying of traders or mindset is the higher the risk the higher the reward. However, I'm looking on the side where a trader has taken a higher risk and at same time losing the trade. That means the higher risk won't really be profiting when the market takes our order out of profit and giving ur losses. This will
take our balance faster than when we take lower risk for lower gain because it sustains us in the market even with losses, we have opportunity of winning again.
Base on the article that I had included in the OP, there are instances where the risk continues to rise but the profit (reward) is declining hence it would pointless to go ahead with the risk if so.
What I don't understand with what you said was after the first sentence. Are you trying to say that losses can be a gain to some? If a person fulfilled your sell order which you are implying you had a profit on while the person who bought that exposes himself in a greater risk buying in the price that you think is high and would go downhill, is that what you meant? In my opinion, I think that is true in a sense that it is a part of the market that there are losses made for other to gain from.