Words of wisdom right there, it means you must not trade every day sometimes by sitting it out, you actually save money you would have lost to the market. Some trade setups require you do nothing, you must not trade every setup you see.
If a trade seems unsure or if market turbulence is excessive and you cannot afford to place your stop loss where it is supposed to be (not where your account balance can afford it to be), then it is better not to trade that day. You may not make money but at least you will not lose money just like a break even trade. So, yes no position is technically a break even position.
