Gambler is not a bad word:
Before you come after me for saying that, let me just say that there are many professional gamblers that are successful. They have a method of betting and they judiciously follow it, inshort they have an edge.
What is the real question?
The real question is what differentiates a good trader from a bad trader. The 1% from the 99%.
What is the answer to the question?
The answer is risk management. Good traders/professionals traders don't live or die by a single trade. They know their risk before hand and they abide by it.
They take the painful decision of a losing trades away from themselves by having a defined set of rules for entry and exit. The rules could be a fixed loss limit for losing days. And for winning days it could be the first opposite bar. Something that is objective.
How i believe it should be done:
Have a defined rule set to enter and exit and have a fixed hard cap on the loss.
Remember trading is a marathon not a sprint.