06/18/2026
One of the most expensive mistakes traders make is confusing "early" with "wrong."
I've done it.
You spot a trend before everyone else.
You build a thesis.
The data makes sense.
Then...
Nothing happens.
A few days pass.
A few weeks pass.
Maybe the trade even moves against you.
And that's when doubt starts creeping in.
The market has a funny way of testing your conviction before rewarding it.
What I've learned is that being early and being wrong can look identical for a while.
The difference usually comes down to one question:
Has the underlying thesis changed?
If the data changes, I'll change my mind.
But if the data stays intact and only the price action is frustrating me?
That's a completely different situation.
Some of the best trades I've ever seen spent a long time looking like bad trades before they finally worked.
That's why I try to focus less on being immediately right...
And more on whether the probabilities still support the original idea.
Because in trading, timing matters.
But conviction without evidence is dangerous.
And abandoning a good idea simply because it hasn't worked yet can be just as costly.