I think there is a general perception that trading is an all or nothing game. It is not about sticking it all on black and hoping for the best. It is a gradual process of increasing risk. It should never be necessary to get to the point where you are staking "everything" on your position. It takes considerable time to build up to the point where you can even make a living from it. There is never a need to take unacceptable risk, as you improve and your equity grows you can afford to take bigger risks. Position size should always be correlated to your finances anything else is lack of discipline and likely to fail.