Big wins are the result of many small losses.
So that means to be successful we have to embrace small losses while at the same time avoiding potentially huge losses that can wipe us out.
Which is a lot more difficult than it sounds.
After all, even if you're bleeding just a tiny little bit every single day, you'll sooner or later want that bleeding to stop because you can't deal with all that pain anymore.
And that's when we usually either stop embracing those small losses or make catastrophic moves that can (and many times will) completely wipe us out...