Dear Editor

I started trading the markets very early (over two decades ago) and was extremely aggressive in how I managed my finances. I used to put all eggs in one basket, borrow, regardless of the cost of funds to invest, and hoped to get lucky—the main reason for going bust twice early on. I learnt most of my life lessons the hard way, working in a call centre in the nights for over three years and trading the markets during days, after going bust. As a bonus, however, I could roll my R’s and type quite fast. Following this, I read a bunch of books on investing, trading, what successful people follow. I learnt, but couldn’t put any of it to practice. When reading Market Wizards by Jack Schwager, I came across an interview where the expert spoke about how he tries to do whatever he can to ensure that he is never in a situation where he has historically displayed stupidity....