This mindset doesn't make so much sense to me when the end product balls down to making profits for oneself, yes the rich stake up huge amounts to get something bigger and the poor in the other hand is fighting for their financial freedom in that same vein but putting all of that aside a good trading mindset is what matters which involves knowing the right way to trade and all of that.
Good mindset is the priority for all traders, without a good mindset, you're defeated already and all your decisions will be heading towards you losing. There isn't any means which a trader that isn't optimistic about the trade they're about to take is going to be able to analyse the market accurately to get a good trade firm it. When this happens is merely luck and not because if the smartness of the trader. Trading mindset has alot of things attached to it like your frequent analysis to be done on the market to make sure you're capable of being a good trader. Being rich shouldn't make you to stake more than your budget, it isn't the amount you stake that determine if you're winning or not, it's the knowledge of the market that you have and how you make use of it.
Yeah, if you keep those loses affects you then it will lead to experience more but if you have a good mindset knowing how to accept and how to use that kind of experience as a learning pattern in calling much better position and decision making, it will allow you to keep moving forward and anticipate that you'll be able to learn more especially in terms of protecting your assets.
Having a good mindset gives you clear vision of what you intent to happen and let you find it by yourself on how to make that successful calls to succeed inside this business/investment.
It all matters about acceptance with those loses and the ability that you would be able to make yourself to adjust according into it. Always be putting up in mind that the best teacher would coming from real experience and with that then you do become that even more better as days passing through and this is why it would be that important that you should be that knowing at least on how you would be able to control your temper or simply with your emotions plus with your mindset. The only issue on here is on how you would be able to make out adjustments accordingly. If you do see yourself having those kind of reactions like on having that easily get discourage with some few loses on which there are those people who do easily get that kind of reaction on which they would be that not to turn back and learn up something more just because they've been concluding that they cant be able to take it out or would be able to make it just because of experiencing some loses. If you are trying out to be perfectionist then that would be a huge issue on this case or something that you do need up to control.
When you are trying out to touch up trading space then make it sure that you have been that mentally prepared about into those probabilities and possible scenarios that you would be able to encounter. If you are someone whose that not trying out to make those kind of adjustments and would be that fixating yourself about into something then you wont be able to progress and thats a big problem on this case because you wont be able to see yourself improve as long you dont accept those learnings along the way. It all matters about on how you would be able to sustain and survive with this unpredictable and volatile space. Learning is on continous curve and there's no way that you can be able to predict on what would be the things that could happen ahead. If you do know on what you are doing and made out those actions on which you do seem that could be beneficial or helpful, then this would be the most ideal way on reacting into it.