Telling It Like It Is

Many of you may recall my stubborn approach to markets back in 2018/2019. If the market zigs, I want to zag. Being contrarian is one of the greatest feelings in the world, it's you versus the world. Who doesn't love an underdog story? Am I right? 

Well, let me just say that being a contrarian and being wrong is the stupidest thing you can ever do in investing/trading. Not only are you wrong, but your bank account hates you for it.

And this is why following that disastrous period, I've adopted the mantra that the only real truth in the market is the price itself. Just like golf, just like running, or just like anything we do in life, the results, at the end of the day, are the only thing that matters. You thought your golf swing was good? Great... what did you shoot? Yeah, that's what I thought. 

At the end of the day, your process has to translate into results. If it doesn't, then it's not the results that are flawed, it's your process. I think investing/trading is the hardest game on the planet because it is the ultimate you vs you game. In golf, you can sometimes blame luck, but in investing/trading, there's no luck. You are the one holding the buy and sell button, so for every wrong move you make, you are 1,000% at fault. If you aren't willing to accept that fact, then you are absolutely in the wrong game.

So the only way to survive in this game is to tell it like it is. I don't see how we can operate otherwise. And base on everything I'm seeing in the market today, I am having conflicting emotions.

On one end, I look at some of the market commentators and they are all assuming the market finishes the year lower. The contrarian in me is making me pause. If everyone is feeling this way, can it really be correct? 

But then I look at the charts, and they are screaming to me that the tech underperformance we are seeing now is only getting started!