Rogue One: Is Demo/Paper Trading a Mistake?

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.


Rogue One: The Art of Working for Yourself

A lot of people have the dream of firing their boss and start working for themselves.

There’s nothing wrong with the dream.

What’s wrong is their unrealistic expectation on this matter, especially at the start:

Sleep and wake up anytime you want.

No deadlines.

Freedom of time. 

Unfortunately, these ideals are far from the truth.

Instead, these are what’s going happen when you start working for yourself:

The constant guilt of waking up late and realizing that you have lost half of your workday.

Trying to squeeze multiple deadlines into a week, and/or feeling totally useless when you are not doing anything.

You have the FLEXIBILITY of time, not the FREEDOM of time. This means that working on weekends is totally normal.

Working for yourself is an art.

The art of self-discovery.

The art of self-discipline.

The art of finding structure when none exists. 

p.s. Art takes time.


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


How I 5x My Investing/Trading Experience with Every Trade I Take

Huge Warning: If you are here thinking of looking for a shortcut to milk money out of the market, this article is NOT for you.

However, if you are looking for mini-routine hacks to help deepen and internalize your learning, I think you will find this post surprisingly helpful.


Regardless if you want to improve as a long-term investor or a short-term trader, it will require skill development. Skill development though, demand for our time and experience. 

For most investors and traders, one trade* typically transpires into a single moment of experience.

What if there is a way for you to turn a single trade into 5 times worth the experience. Interested?

*The verb ‘trade’ is used in this article to reflect a position that you take in the market, regardless if you are investing for the long-term, or trading for the short-term.


You will be surprised that there is no secret recipe here. 

The key to amplifying your experience from every single trade you take is through a systematic post-trade learning routine, all of which I will share with you below:


You did your pre-trade preparation and took a trade – that was 1x experience.

As a long-term investor, you placed a trade after doing your overall research on the fundamentals of a company.

As a short-term trade, you spotted this breakout pattern and placed the trade.

Either way, these transpired into ONE experience.

For most people, their journey ended right there – time to go and enjoy a good movie time, right?

What else is there for you to do?

There's more to do after you take your first trade.

Make detailed notes in your journal – that’s 2x experience

For me, I will write down WHY I took a particular trade.

As an investor, what are the characteristics and risks involved in the company that I’ve just invested in?

As a trader, what is the if-then context and price action setup that made me took that trade?

Putting my trades down into a journal makes doubled my experience with that particular trade.

You'd be surprised to find that there's a lot that you can learn from yourself through journaling.

Discuss trades with like-minded people/community – that’s 3x experience 

One thing that I like doing is to discuss the trades that I took with like-minded traders and investors.

These are the people and communities that, to a certain extent, understand how I make trading/investing decisions.

As an example, they might notice a certain part of the company’s fundamentals that I’ve missed out on in a financial report.

As a result, I can receive feedback on what I’ve missed or maybe a certain perspective that I’ve not considered in that trade – which is extremely helpful.

Discussing your trades with a like-minded community is super helpful in your growth as an investor/trader. (pic: My mini REIT income investing community - let me know if you are curious to know more!)

Visualize your trades – that’s 4x

I can’t emphasize how powerful this routine is to your experience accumulation.

Replaying a particular trade in my mind – what happened, what went right and what could’ve been done better, contributed to my growth tremendously.

Visualization helps in reinforcing the right habit & execution in my subconscious. 

In return, this will make my execution better if there are any similar opportunities in the future.

Visualization helps in reinforcing good trade executions and habits.

End-Of-Month Review – that’s 5x

Many investors and traders have the impression that once a trade is taken then there’s nothing left to learn for the trade.

However, that’s clearly not the case.

For me, reviewing my past trades every end of the month/quarter has been extremely beneficial. 

Reason being, it helped me to again reinforce the good trades that I’ve executed and how I can do better moving forward. 

Now, I know what I can do better with my breakout trades.

Monthly + Quarterly review is a must.

No Money Lah’s Verdict – Multiply Your Growth with Systematic & Mindful Learning Routine  

Now, I want to end this conversation by pointing out the obvious:

Investing and trading are not easy to master. More often than not, it involves a deep learning curve that’ll take time to develop.

Hence, you will need all the feedback from the market to help you deepen your learning experience.

Good or bad, winning or losing, every trade is a learning opportunity. 

In fact, every trade can be more than ONE learning opportunity. Using the methods above, and you can 5x your experience for every trade you take. 

All you need to do is to just tweak your routine a little. For a 5x growth of experience per trade, I’d say the effort is pretty worth it. 


Part of this article is inspired by the book One Good Trade by Mike Bellafiore. Bella is the founder of SMB Capital, a proprietary trading firm in New York. 

He is one of my favorite trading coaches that I follow online which has been giving back tremendous value to the online trading community.

I found that some of his approaches to trading improvement, which has inspired me to implement and write this article, are equally useful in one’s investing journey as well.

 

Rogue One: "Do You Have a Plan B?"

“Do you have a Plan B if you fail in what you are doing right now?”

I often get asked this question by well-meaning friends, seniors, and relatives when I left my first full-time job to do what I am doing right now.

To be honest, I suck when it comes to forming any ‘Plan B (or C or D)’ for the important things and goals in my life.

In fact, I’d still tell you that I do not have any Plan B if you were to ask me today.  


My goal is to become a successful trader (I am not one, YET).

Whenever I hit a certain plateau in this business, I will tweak my approach, my mindset, my routine, and seek mentorship.

My passion is in sharing and words.

Whenever I feel stuck in my journey, I will adjust my perspective, ask better questions, and seek clarity.


I believe the mini little progress that I’ve been able to make today is not because I am anything better than anyone else.

It’s because I simply do not have any great ‘Plan B’ or ‘backup plan’ to fall back on if I fail.


If you put that chocolate bar in the fridge 'just in case' you get hungry at night during your diet, chances are the chocolate bar will not stay there for long.

If you pursue a goal with a well-defined backup plan in mind, you’ll almost always settle for the backup when shit happens.

In contrast, when there is nothing else to fall back on, the only way is to charge forward and make things happen.


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


Rogue One: Your (Boring) Journey to Mastery

If there is a sport that China held clear superiority over every other country in this world, it’s table tennis.

By winning 28 out of all 32 available gold medals in the history of the Olympics, one can only assume that there must be a secret recipe with the training & drills that China athletes undergo in their daily routine.

Last year, I traveled to train with fellow athletes at the China Table Tennis College (CTTC) in Shanghai.


To my surprise, there’s no secret recipe at all in their training.

What they did with their drills, to a big extent, are exactly the same as the ones that I see being done in the local clubs in Malaysia.

The fundamental skills like serving, looping, and footwork are still being practiced every session.

If there’s no difference in the drills, what make China’s athletes different and so exceptional?


The answer lies in the consistency and intensity of their training.

In China, athletes are required to train repetitively for 2 – 3 sessions every day. Along with the guidance from the coaches, drills are done with great attention to detail and intensity.

My journey in China has reinforced my view of mastery.

My stay at Shanghai really was really an eye-opener.

The journey to mastery is boring.

It is the work that we do consistently behind the scene when no one is watching.

It is the repetitive routine that we still try to refine every day even if we have done it 100 thousand times.

It is the fundamentals that everyone thinks is monotonous, yet we still work on intensively every single day.

The journey to mastery is boring.

That’s what makes ‘exceptional’ extremely valuable and rare in this world. 


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


Rogue One: We Can Still Win the 2nd Half of 2020

All the odds were against Liverpool on the 8th of May 2019.

The day was the 2nd leg of the 2019 Champions League semifinal with Liverpool hosting Barcelona.

The Reds were already down 0-3 against Barcelona in the first leg. To make things worse, the key men for the team – Salah and Firmino were not playing that night.

It seemed nearly mission impossible for the Reds to pull off a comeback.

But they still accomplished it – beating Barcelona on a 4-3 in aggregate to seal their place in the Champions League final (which, they eventually won).

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Photo credit: Talksport.com

For many, what Liverpool has experienced during the 1st leg is a direct reflection of their 1st half of 2020 – a huge 0-3 punch to the face.

Heck, even the start of the 2nd half of 2020 is eerily similar:

Some may have lost their job while many would have experienced a huge cut in income.

Simply put, many of us are likely not in the best condition as we head into the 2nd half of 2020.


But does that matter?

Can we change the fact that we step into the 2nd half of 2020 being handicapped in one way or another?

Can we change the fact that we are forced to start 2nd half of the year unfavorably?

Did Liverpool whine, complain, and give up?

Liverpool players persisted and they won.


Now, I am not guaranteeing that all of us will stage a huge memorable comeback as Liverpool did.

But one thing I do know, for sure, is that complaining, looking for excuses and expecting that it is the responsibility of the government/parents/[insert person here] to help you is definitely not going to bring you anywhere near to a comeback.

You are 100% in charge of your life.

You can give yourself a fighting chance. 

You owe it to yourself to try.

Looking forward to seeing your comeback, wherever you are and whatever you are facing right now!


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


Rogue One: How to Know If You Are Improving?

Conceptually, many people know that making mistakes is part of the learning journey.

In practice, most people try to avoid it in any way possible:

You may be avoiding a leadership role because you do not want to be blamed when shit happens.

You may be looking for a high win-rate strategy in the market because you are sick of being wrong.

You may be staying away from a lifetime opportunity because you fear that it may be a wrong move.


Theoretically, we thought that improving means making fewer mistakes.

In reality, how would you know if you are actually improving?

First, you make bad mistakes.

Then, you make better mistakes.

It’s not the number of mistakes that determine the progress of our improvement. It’s the quality of mistakes that we make that decide the magnitude of our leap.


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


Rogue One: Being Right in The Market

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.


Confession: I Experience Social Media Anxiety Attacks At Least Once Everyday Since MCO Started

Hey everyone! First of all, so sorry that I have not been able to come out with new articles/content for the past month during MCO.

Ever since MCO started, social media platforms like Facebook, YouTube, and Instagram have become the only place where people can get connected with each other.

As a result, there has been an influx of content on social media for the past few months.

Whenever I log on to social media, I felt like I am served with a buffet of marketing, financial and investment-related FB Lives, ads, YouTube videos, and content.

While it was exciting at the start, it eventually became very overwhelming to me.

Simply put, just like how most of us would overeat and become too full in a real-life buffet, I realized that I have been suffocating from the ‘content buffet’ on social media as well.




A Blogger with Social Media Anxiety

Aside from being stuffed with content as a social media user, I also experienced major anxiety swings when it comes to content creation:


I am losing out! I should come out with more content every week! (FOMO)

I should start making Youtube Videos! (FOMO)

I need to go Live because everyone is doing so! (FOMO)

I am afraid that people would not like to read about this topic. (Self-doubt)

I am worried that people would judge me for posting about a certain topic. (Fear over criticism/judgements)

Without me realizing, social media has become my main source of stress and anxiety during MCO.

Be it a content consumer or a creator, I am overwhelmed with the urge to consume more and create more.

Soon, I started to experience social media anxiety attacks whenever I log on to social media. Any form of new content from a fellow creator friend can become a trigger of breathing suffocation: HOW are they able to come out with content so fast! The Watch Party notification that I cannot make it becomes a daily dose of self-judgement and mental abuse.

Despite already being a Work From Home person for 2 years, it is crazy how my routine and mental clarity can be demolished by a change in social media lifestyle.



Social media anxiety is real



Creation Paralysis

Throughout the whole MCO period, there were many times where I attempted to write something, which ended up as drafts that went into the recycle bin due to fear of judgement and self-doubt.

I do not lack ideas, but I have slowly lost confidence in my own capability to create and share.

Honestly, I think I have done a bad job adjusting to the new norm and the pace of the social media lifestyle.

 



Short-Term Escape

If the internet is the escape from the real world 10 years ago, now it seems like the real world is the escape from the internet.

For the past weeks, I tried to stay away from my phone whenever I felt overwhelmed by the virtual space of social media. Disconnecting from the internet helped me find peace and give me space to breathe.

That said, this only worked as a short-term escape as anxieties tend to strike again when I am back on social media.




Long-Term Solution: Re-evaluating My Relationship with Social Media & Creation

As I took a break from creation and minimize my time from social media, I got the opportunity to reflect upon my relationship with social media & creation:


(1) You do not need to consume everything on social media

Just like many, I experienced the urgency and Fear of Missing Out (FOMO) to participate in as many FB Live and consume as much content as possible at the start of MCO. As a result, I ended up overwhelming myself with those contents.

Moving forward, it is important for us to understand that it is impossible to learn and consume everything by ourselves in a short time.

By all means, go pick up new knowledge or skills, BUT stay focused and have realistic expectations.

Do not expect yourself to master investing AND digital marketing together by binge-watching all the FB Lives and content out there during MCO.

If any, skills take time & practices to develop and it is definitely not within a few weeks of MCO.

Most importantly, be selective on the content you consume and learn to allow yourself to miss out on certain FB Live or content that is not of priority to you.



You do not need to learn and consume everything.



(2) Focus on value, quality & consistency, not a sudden burst in quantity

In hindsight, I realized that I have likely drawn into the urge to compete when it comes to content creation during the past month.

In other words, I judged my ‘performance’ by comparing myself to the speed of content output by other creators – which really drove me nuts.

Moving forward, I want to focus my energy to produce consistent quality content that I either genuinely enjoy sharing, or find great value to learn and share with my friends and community of readers.

It’s not about competing, it’s about creating the most value to the people that matter: me and my community of friends and readers.



Focus on giving value.



(3) Be in peace & creative around my limit and boundaries

Ultimately, I am working on my own when it comes to content creation.

I love writing and sharing, but I can only produce and write so much content by myself.

This is a reality that I was not accepting the fact myself during MCO, which gave me a huge load of stress and anxiety.

As I take my time to reflect, I started to find peace with this fact. If I have all these boundaries, why not be creative around them?



Find peace and creativity in your limitation and boundaries.


(4) Specify Specific Time to Go On Social Media Daily

On a daily basis, set a consistent time for you to go on social media and participate in the virtual world.

I find this method extremely effective as it forces me to only engage what’s important to me in the virtual world, and filter out unimportant interaction and content on social media.

With that, I can spend more time in the work that truly matters to myself and my readers, while not overwhelming myself.



No Money Lah’s Verdict

Covid-19 has changed the way of living for many of us. If any, our relationship with social media in 2020 has definitely experienced a huge shift.

In one way or another, Covid-19 and an MCO lifestyle turned out to be a blessing in disguise as it forced me to re-evaluate my behavior with social media. As a creator, it also helped me recalibrate my purpose and mindset when it comes to writing and creation.

On the other hand, as social media takes up more of our attention & time in our life, I am very sure that health issues caused by social media are going to get more widespread and intense.

Like myself, I believe that more and more people are going to get overwhelmed with social media anxieties, which could lead to more problems if not handled properly.

Perhaps, another good question that we can think about is this:

Are you weak if you are experiencing anxiety issues due to social media?

No. You are not, and let no one tell you otherwise, including yourself.

What you need to do, is really to take your time, reflect, and re-evaluate your relationship with social media and online content.

 


2020 Massive Selldown: Hold or Cut Loss?

So we are here. This is indeed a massive sell-down.

In 3 weeks’ time, the massive sell-down managed to wipe out all 2019 gains of the Dow Jones Index. At home, our dear KLCI index has also dropped close to 20% since the start of the year.

To give you a perspective of how strong the magnitude of this sell-down is, picture this:

It just took 16 days of move in our current S&P 500 sell-down to reach what the 2008/09 Global Financial Crisis managed to achieve in 200+ days.

The Key Question Now: To Hold on to Your Investments, or to Cut Your Loss?

Now, this is a tricky question to answer.

First of all, for the whole context of this article, I am assuming that you are facing a paper/unrealized loss from your current positions.

In my opinion, this question needs more than an irresponsible short ‘Hold lah the market will recover’ or ‘Just cut loss lah’ respond like most content and posts you are seeing out there on social media.

It is also extremely irresponsible to sugarcoat the question and be overoptimistic at this moment.

Instead, it deserves a more comprehensive writing that includes multiple perspectives of different investors’ contexts.

This is what this article is all about, and this is the least I can contribute to the investing community as a creator (and a developing investor & trader) at times like this.

A quick disclaimer beforehand: This is by no means an absolute Buy/Sell/Hold advice. This is just an article from a random dude so please seek a professional financial planner’s opinion before making any decision.

With that, let’s start.

Which of these Descriptions Suit You Better?

Context 1: The Legit Long-Term Investor

It has already been part of your plan to hold your investment (single stocks/the whole portfolio) through this market climate from start – way before you enter this trade.

You feel minimal mental pressure and anxiety seeing your investments tumble more than 20-30%, or even 50% as it is in your game plan to hold through times like this.

These people are the group of legit long-term investors that really know what they are doing and have total confidence with their plan. If you are in this group of long-term investors, there is no reason at all for you to cut loss because holding through this market climate is part of the plan.

For the others though, it is common to think that you belong to this small group of legit long-term investors. If that’s the case, I want to challenge you to ask yourself:

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    1. Did you decide to go ‘long-term’ on this investment BEFORE you enter this trade, or AFTER you experience this crash?
    2. If this sell-down is not a sign for you to exit, then WHAT is your exit plan?

You SHOULD have an exit plan, and it should not take longer than a minute for you to figure this out because your exit plan is already been set before you enter a trade.

    1. More importantly, can you sleep peacefully knowing you are down 20-30%, or even 50% on your investments?

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If you felt any sense of doubt or uncertainties in while answering my questions, you are NOT in this group of legit long-term investors.

Context 2: The 99% That Need to Cut Loss

Now, if your ego is not in the way and you are humble enough to admit that you have never really thought about an EXIT PLAN for your current investments, stopping the bleeding and cut loss is the way to go.

Now, let me elaborate a little on this 99% of people that need to cut loss:

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  1. Your Pre-set/Mental Stop Loss level memang Got Triggered Already from this Sell-Down.
  1. You DID NOT have an exit plan in place BEFORE you buy into this particular investment/share.

An exit plan could be something like ‘If the price drops below X, I will cut loss”, or “If fundamental shows a decline in profit for X quarters, I will exit.”.

  1. You got into this investment after watching or reading a video/post from a stock investment Facebook page.

Actually, you are kind of still waiting for these Facebook forums/pages to tell you whether to continue holding or to sell.

  1. You cannot handle the mental stress of a 20-30% move going against you.

Which is absolutely normal because we all are humans, and everyone has a very different risk tolerance.

To be Clear, It Takes (a lot of) Courage to Cut Loss

You have my full respect already if you are still reading till this part as most people would have gone into a full denial mode after experiencing such paper loss – I salute your courage.

Remember, unlike what most content and posts are saying out there, there is nothing wrong at all to cut loss if your Stop Loss is long triggered AND/OR you realized that you have been doing this whole investment thingy wrong from the start.

Better to take in this lesson and start afresh with a more proper mindset, right?

Read: How to Recover from a Slump?

Why Cut Loss/Sell?

Having been through the mental challenge to Cut Loss, I understand that “Just hold on lah the market will recover long term” is the most soothing sentence that one seeks to hear at times of paper/unrealized loss.

However, I feel there is a need for me to break the false hope and tell you why ‘Holding On’ may not be the best action for most everyday investors:

(1) Psychology and Mental Stress

If you never have proper prior experience with the market and never knew what you have been doing all this while, it will be very hard or you to hold through this downturn.

By now, it should be clear that this sell down is NOT a normal pullback/correction. The magnitude of this global sell down is at its historical record.

The downturn and sell down like what we are facing now challenge the mental state and psychology of even the most experienced and prepared players in the market.

It is easy to say ‘Hold through the downturn and wait for the recovery’ but how many people, especially those who’ve been in the market without prior knowledge and experience can handle the emotional and financial pain from holding a sharp falling knife?

Fastest S&P 500 correction in history. (source: 2nd Skies Trading)

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(2) ‘This Company is Too Big to Fail’ Myth

To clarify, most market (at least the index) does recover and trend higher after a recession, no doubt about that (just look at the S&P 500 and our very own KLCI).

However, it is foolish to say that any company will survive and recover from a massive selldown/recession.

If there is anything that the world has learned from the global financial crisis, it is that even giants fall.

And even if they do not fall, some may not be lucky enough to recover from the crisis (picture below).

Not all companies can survive and recover from a recession.

(3) The Silver Lining: Cutting Loss is actually Preparing You for the Long Term (Opportunity Cost)

If you have been ‘investing’ without proper knowledge and processes, or via Facebook social media tips for the past years, you are not actually ‘investing’.

You have been gambling all these while.

“But man, I made money!”

Well, to be honest, anyone can easily make quick bucks in the longest bull run in history.

That said, a bearish sell-down requires a whole lot of psychology and different skillsets from an investor. Market movement and price action in a bear market are fundamentally different compared to a bull market.

Hence, in scenario like what we are facing right now, cutting loss might actually be a good thing for you in the long term. Consider this:

You are now holding a portfolio/share value worth RM50,000 with an RM20,000 unrealized loss – and you’ve built this portfolio up based on tips from some investing and Facebook forums, alongside some vague understanding towards the market.

Instead of holding on to a mistake, why not cut your loss then and there and make use of what’s left of your capital to learn the proper way to invest?

Invest a few hundred or thousand ringgit and equip yourself with proper investing knowledge and processes and store your remaining bullets (cash).

If you can survive this sell down and learn the proper method, you can (AND WILL) be able to live to fight (invest) another day.

Read: Why You Shouldn’t Care About What Stock Investment ‘Influencers’ are Buying on Social Media (Especially Right Now!)

No Money Lah Verdict

To be clear, as the market develops, I am also learning and picking up new lessons and skills as well.

That said, as I am writing this, I have come across many close friends that have approached me for opinions and thoughts.

This made me realized that many people have, in fact, been ‘investing’ in the market without proper mindset, knowledge and fundamental skills, which motivated me to write this article:

There is nothing wrong to HOLD, IF that’s your game plan.

And unlike what most content and post are suggesting on social media, there is ALSO nothing wrong to CUT LOSS if your stop-loss levels are triggered. (or if you memang do not know what to do all these while and was just blindly following tips on social media)

The point is to protect your mental confidence and what’s left of your capital.

The market DOES NOT care about your EGO.

The market DOES NOT care about your need to be RIGHT.

Again, as long as you can protect your capital and confidence, you can always live to fight (invest) another day.