The Good Old Days - Monday, page-45

Forexcalendar has this great analogy Kacy;
2. Take many hits without taking that ONE hit that will knock you out

As we have said, getting hit is normal. But, at the same time, you have to avoid taking that one huge hit that will knock you out. You have to play great defense, be quick on your feet and never let your guard down. Just one moment of carelessness and one serious hit can mean the end.
In trading, you have to control your risk at all times and define your worst case scenario. Use adequate position sizing, protect your trade with a stop and make sure that never, ever a single trade can result in a major loss.