Imagine yourself being the manager of an airline company.

Would you allow a junior flight school student to fly a real plane for you, even though this student may have read and understood the theories on how to operate a plane?

By now, you may be thinking:

“Ridiculous, of course no!”

Hey, I figured the same too.

I’d throw this fella into multiple flight simulations and make sure that this flight school student is able to follow standards & procedures for a flight.

More importantly, I’d not want this soon-to-be pilot crashing my real planes if he/she can’t even handle landing the plane safely in a simulated environment.

Make sense, right?

I hope I have made my point of this article by now, but if not, here it goes:

Putting a junior flight school student into simulations is exactly the same as you going through the demo or paper trading phase when you first started investing or trading.

Essentially, you are doing yourself a HUGE favor by making sure that you can follow the rules and strategies consistently in a risk-free environment.

Here’s the thing:

At the beginning of your investing or trading journey, it’s not about making a lot of money. It’s not even about having a ‘feel’ with putting in real money into the market.

It’s about you having the discipline to follow the rules and processes and learn the foundation properly without additional emotional baggage.

Honestly, if you can’t land a plane safely in a simulated environment, what makes you think that you can land a real plane in reality – before crashing a few costly planes and hurting yourself (and others) badly in between?

I believe I’ve made my point clear.


p.s. Related Read: Here’s What I’d Do if I Had to Start My Investing Journey All Over Again

Rogue One is a new weekly 1-min article series where I share my random thoughts and ideas.