In life, we all tend to learn through the school of hard knocks. In fact they say that you can never become successful unless you have failed along the way. It is as if failure gives us all some rich experience and teaches us how to be better at whatever we are doing in the future. Yet you don't want to experience too many failures when you are starting off as a trader. There's a lot to learn and it's certainly fair to say that it can be a daunting task. Still yet you also don't want to put up too many shields and defenses, as if by doing so you're going to defend against losses.