Experience will help traders to know importance of their trading capital and its protection. If they can defend their trading capital and more important initial trading capital, they are good traders. Traders can not say they are experienced because they have many years in the market, but practically they can not defend their trading capital. Experience with those traders means nothing and can not help them to even defend their capital, and can not help them to get more profit.
When you are in a market for longer time, you have more experience but if you can not learn from your experience to become a better trader, your experience is useless practically for you and your money. You will also have to consider of quitting your trading career because a bad trader will get more losses with time.
I was once in a condition where I was unable to maintain my basic capital in trading and previously lost some money in the trading practices that I did.
But as time went by I began to realize that there was something wrong with my trading skills so that I could improve little by little the quality of my trading.
Giving up is not an option and precisely with previous bad experiences we can better understand how to minimize risk in trading.
In this way we can evaluate the level of error so that we can start in a much more correct way to trade next.
Everyone has experienced bad conditions but experience will teach us to continue to improve so that skills can be better.