Traders encounter losses almost every time, but it should be noted that the losses created will provide important lessons for traders so as not to repeat the same mistakes for the umpteenth time because so far many traders have become professionals because of experience like that. It is proven that experience with certain losses can provide big changes for those who can accept failure and are able to get up again.
They always have a backup plan if they lose their current prediction they have a 2nd or 3rd plan sample when the price drops and they forgot to set a stop-loss what they do is sometimes DCA buy while the price of the crypto drops and later make a profit once the price rise but if it's not they do buy again and later sell them once they already hit the target price. A Day trader always has a backup plan they don't want to waste the opportunity to buy cheap and make a profit later.
No one is always profitable in trading, even a very professional trader will inevitably experience losses. What makes them different is that their mentality is really well formed, making them calmer when facing bad situations.
Unlike the case with novice or unprofessional traders, when they experience losses, their mentality is usually not better than before, and at such times they will become ambitious people, which is actually the initial problem they will face.
Mentality is one of the important factors that traders must have, because with mentality they will be able to be calmer when facing certain situations.