I always feel a kind of terror when I read about these risks. I've had some opportunities to invest a humble (but big for me) amount of money and I've let all of them pass away.
I think that many investments are real adventures, just that they're not physical adventures. If you are not ready, your muscles are weak, your tools and resources aren't enough, you're going to have a bad time in your adventure.
In the same way, if your financial situation is terrible, such risks could get you killed. That's why I desire to improve more my conditions before risking to lose my resources.
Adventures should be exciting and pleasurable, not a hell of sweat and fear!
Some investors, better the short-term traders are indeed seeking adrenaline. Like by rafting or parachute sports. other investors know that sometimes the best thing is: To do nothing. Also if it is terribly boring.
Oh I would be that last kind of investor, knowing when to stop and wait for better conditions.
Perhaps it's all about the motivations behind the trading practice: whether you want money for the money itself or you want it for all the good healthy possibilities that it could bring. With this last motivation you'll always hold your health as a priority, and the money just as a medium.