Strategy for Winning by Not Losing in Mutual Funds

The link below essentially suggests that success can be achieved by focusing on avoiding losses. However, most of the content seems to be more relevant to direct stock investing. Could you provide guidance on how to apply this strategy of ‘winning by not losing’ in the mutual fund arena, or in simpler words what should my approach be?

Link - Winning by not losing: The silver rule of investing

Although the question is open to all, but inputs from @VishalJain would be appreciated. Thank you,

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