when you can also learn from the experience of others.

For example, I told my kids not to touch the hot burners on a stove because they would burn their hands (my experience).

However, to achieve the same result, I could have put their hand on the hot burner so they could get the experience on their own - the hard way - but I figured they would be better off if they did not learn from the experience first hand.

Andras, you say you are a mentor to traders. Aren't these people coming to you so they can learn from your experiences ... and to avoid many of the costly mistakes that are taught by the "school of hard knocks?"

Robert M. Campbell