I have seen many persons come here to lament of them losing one or two funds in trading which is very obvious and need questioning of how and where they learn there own trading skill from. I have had of a crypto traders that lost all his funds in one day because of market volatility. This happens frequently and I think there is need to recall where the cause could be from.
Yes as a trader, losing one or two trades is part of the game but sometimes losing everything that had been accumulated for weeks, months is very painful and there is need to know whether it's due to ignorance or insufficient trading skill. Acquiring sufficient trading skill is very important in trading which can also help to get good results.
I heard these stories too where people lost everything over night. In my opinion if you face the risk of losing everything in one night then your trades where wrong in the first place. As a good trader we always need to consider a bad day, week or even month. Risk management is a very important tool for me when it comes to trading and investing, because losing money is more important than making another 5% profit. Maybe for some people this is too risk averse and they want to go for the highest possible profit, but I am trying to protect my winnings.