That’s the true spirit of a real trader, you don’t just set your plans and aim to target profits without caution. The real trader will always envision outcomes from all angles, and if that trade seems not favorable on his part, especially the market, then maximize risk management. Trade when there’s a possibility to make your trades successful and profitable in the end, but never rush into trading when everything seems not working according to your plans.
I think there is nothing wrong with it. When you say caution, it is understood already that you will accept even a loss. If the trade is not favorable, I think a better solution would be, is to try and change our strategy. If it still doesn't work, then maybe trading is not really meant for us?
We don’t trade to lose, but to gain profits indeed. Let’s not normalize trading until you end up broke.
But, losing is already part of trading. This is its risk or consequence if things didn't run very well but I think it won't come to a point that many people are going to get broke. I believe it is only easy to quit on trading because it is hard and not enjoyable like playing a gambling for example.
Trading isn’t gambling, that’s why trading with highly proper risk management is certainly a must.
But what about gambling? We need to apply a high proper risk management on it too.