If that’s how you live, you shouldn’t be trading.
less than 10%? That's like what? 9.95%?? That's still a lot. On a $100K portfolio let's say, you would've lost close to $10K, that's 6 months of mortgage payments for somebody. Remember we are talking about retail traders here not some big-shot institutions that have trillions of dollars of assets. Even if you shrink that portfolio to $10K, 10% is still $1K, that's still 5 weeks of grocery for a family. So basically one loss, that entire family doesn't get to eat for 5 weeks assuming the trader is playing with only $10K of their savings.
