Losses are not a failure, but an investment in experience. Most people give up because they can’t separate emotions from the learning process. But it’s those who stay in the game and see every loss as a step forward who eventually become the very "masters" you’re talking about
I wish it was this simple but I think those people who recently get liquidated and become broke after the market turbulence aren't some newbies.They are highly experienced trader since they can accumulate such wealth yet still got swept by the market.
Losses can be the cost for learning but if it seems it will only work out if somehow your PnL is getting better and not always on the negative side.
The people who experienced the liquidation showed that experience and knowledge do not always guarantee success, the market in the last few weeks has been quite tense due to Trump policies but is now starting to show improvements in stocks and bitcoin is back positive.
I believe that the process of failure will always provide new knowledge so that in the future we can always get profit rather than loss.