Losing money isn't really acceptable thing when you are already very poor, but that doesn't mean that you are going to get a lot worse if you keep chasing that type of thing. What we are dealing with at the moment is something that changes for the people and not really that great for the people who can't afford to do it. If you can hold and wait and not sell during the bear period then you could do that. If you go do that and make money then you are going to be happier.
What we are seeing at the moment is a good bull market, so if you trade here then you could make some money, but that isn't an easy thing, so you need to make sure that you are ready for the bear run as well, do not be caught with all your money at dropping prices.
Losing isn't acceptable in both ways, just because you have enough money doesn't mean that if you lose it you will feel comfortable, you will likely be sad about it but this is dependent on the quantity that you actually lose while a poor person don't have any chance of losing any amount in any ways. Loss are subjective to what we can afford to lose, even a poor person has its own limit to the things they can afford to lose, a rich trader can afford to lose $100 as stop loss but that can be another person profits.
Trading is supposed to be a freedom but does it brings a better life? That's on who is the trader in question. If you are trader and knows your way whether you trading capital is big or moderate, you can earn good amount of money in each of the trade you open, your profits is dependent on what you are using for your position but if you are a very bad trader, you are likely to be a slavery to market, you will lose until you have nothing to lose again especially in a bear market.