I will add that you usually need to take a decent loss before...

I will add that you usually need to take a decent loss before you start implementing those pysochological strategies you have been "tought" which comes back to experience which is where the rubber really hits the bitumen in trading.

Very rarely to new traders go about trading with utter discipline and without letting greed/fear ruin their trading. If these new traders learn the lesson quick enough they might survive the first year without being washed out of the market.