Most people think successful investing means getting high returns. This is certainly incorrect, as there have been many investors with fantastic returns in the short run that suddenly go bankrupt due to an unforeseen event. The key to successful investing is actually survival. You will need to survive through the bad years, so that you can make high returns in the good years.
One way of protecting your capital and surviving the game is to allocate your wealth across different investing instruments. Find out more on how to do so here.
I consider myself very lucky, as I used to put almost all my money into property. At one point, almost 90% of my wealth was invested into 3 condominium units. If the market had crashed during those times, I would have lost everything. These days I have split up my investments into various instruments and can weather most storms. For the example, the twin market corrections of Feb 2018 and Oct 2018 caused me to lose quite a bit in my derivatives investments, but my overall wealth was not significantly affected. If I had been as gung-ho as my younger years, I might have needed to start looking for a new job. Due to proper capital allocation, I survived and can continue to live my current lifestyle.