I think it is detrimental for the experienced and vice versa for the inexperienced. Though it doesn't hurt for the experienced to take breaks too. Besides,they could get more ideas from others too.
Very well put. We can ensure this by effective money management and using stop losses. Also,we could keep our leverage low and use our indicators well.
I personally advice to take profits as you make them. It's another way of avoiding losses. Let your capital work up profits or be lost in the losses. You can add it later on when you want.
This is a thread with funny comments. I am getting more profits than losses and that is why I am not exiting my trade. Once losses are more,I would have no reason to stay.
But then isn't leaving them in there taking more risks? Some people argue it is a good practice to take them as they come else one might end up losing them.