Yeah you just "stare at the car wreck as you go by" LOL. More like you hound Jack, get banned, come back and hound Jack again, get banned...rinse and repeat. You do a lot more than staring there buddy boy
I think your analysis above would be probably quite correct. However price actions can mean all kind of things by different definitions and people. Basically every system (and even every indicator) is based on price actions, therefore How to deal with price actions in the trading system would be the key issue for every trader. How much leverage and/ or VaR to use for each trade perhaps is a useful indicator of the degree of (this kind of) fear one would have.