It doesn't matter how much you can make if a single mistake is too costly to bear. Big breaks in the market aren't the only way traders can lose money, but we begin here in the series because most people associate losses with market panics. It doesn't have to be that way.
There are a number of conditions people can find themselves during market panics & where you end up has a lot to do with the thought process that got you there.
At this point in the series, we want to start with the understanding that markets are a zero sum game. There is almost always some sort of opportunity that exists, whether we are looking at bull or bear markets, market bubbles or panics.