Last Updated on May 2, 2022 by Chin Yi Xuan
I used to have a bad tendency of wanting to be right in life. Sometimes, I still do.
In a debate, I want to prove my point right – and someone else’s opinion wrong.
In the stock market, I want to be right in the market direction so badly – that being right made me happier than making returns.
But here’s the thing:
This can work both ways.
Whenever I’m proved wrong in a debate, I felt ashamed.
Whenever the market doesn’t go in my favor, I felt frustrated.
The emotional baggage that I carried from trying to prove myself right is suffocating.
Here’s a lesson that I learned the hard way:
We live in a world that makes up of different personalities & agendas.
We invest in a market that makes up of different perspectives & emotions.
In the market, your opinion doesn’t matter. The market moves however it wants. The market is always right.
The key here is not trying to be right all the time. Rather, it’s having the humility to accept the lessons from different outcomes that’ll ultimately benefit you in the long run.
Be open with being right, AND be equally open on being wrong. There is more money to be made when you embrace both sides of the coin.
Rogue One is a new weekly 1-min article series where I share my random thoughts and ideas.
