Are oil & gas royalties right for you?

Klondike Royalties invites you to own a stake in the North Block of Alaska's Kitchen Lights Unit, with an estimated 300 million barrels of recoverable reserves. Our royalty-based model offers potential for steady returns without the complexities of direct asset ownership.

Show Me More

Exciting News: Paid Subscriptions Have Launched! 🚀

On September 1, we officially rolled out our new paid subscription plans at GuruFinance Insights, offering you the chance to take your investing journey to the next level! Whether you're just starting or are a seasoned trader, these plans are packed with exclusive trading strategies, in-depth research paper analysis, ad-free content, monthly AMAsessions, coding tutorials for automating trading strategies, and much more.

Our three tailored plans—Starter Investor, Pro Trader, and Elite Investor—provide a range of valuable tools and personalized support to suit different needs and goals. Don’t miss this opportunity to get real-time trade alerts, access to masterclasses, one-on-one strategy consultations, and be part of our private community group. Click here to explore the plans and see how becoming a premium member can elevate your investment strategy!

Okay, let’s get real for a second.

If you’ve been around traders long enough, you’ve probably heard this one on repeat:

It’s the kind of advice that’s probably plastered on your trading desk.

But have you ever wondered what it actually means in the heat of the moment?!

Let’s be honest…

Most of the traders nod along sagely and then completely ignore it when the market starts to punch them in the face.

Paul Tudor Jones (one of the greatest traders) put it bluntly:

Simple, right?

Sure. Simple like knowing you should exercise and eat well.

But then actually doing, well…

It‘s’ a whole different thing.

Rare Card Helps Tackle Debt + Double Cash Back For 1st Year

Credit card debt is suffocating. It weighs on your mind and controls each choice you make. But this powerful card gives you 0% intro APR to tackle your debt, plus earn up to 10% cash back your first year. Learn more.

Learn How To Apply Now

The market is (almost) never wrong:

Let’s get this out of the way…

The market is rarely (if ever) wrong.

Let that sink in.

It’s a living, breathing entity.

It’s not here to validate your ego or reinforce that smart prediction you made after binge watching YouTube technical analysis videos.

No!

The market doesn’t care about you.

Not one bit.

Now, here’s a question…

Have you ever told yourself the market was wrong when a trade didn’t go your way?

Of course, you have!

Don’t lie.

You’ve been there, staring at the screen, mentally forcing that red bar to turn green, muttering under your breath… this can’t be right, why is the market ignoring that pin bar?!

Guess what? The market couldn’t care less about your thesis, your support zone, pin bar, indicator, whatever!

And that right there… that little voice in your head trying to convince you to stay in a losing position because, deep down, you want to be right? That’s where most traders tank.

Trading is NOT about being right:

Trading isn’t a debate club. You don’t get points for convincing yourself (or worse, others) that you’re right.

It’s not about winning arguments, it’s about making good trades, period.

And if you want to be one of those (few) traders who see their trading account grow consistently, you need to make one simple shift…

Stop trying to be right, start trying to make good trades:

Because if your goal is proving to yourself that you’ve nailed the market, then… what happens when things start moving against you?

You hold.

And hold.

And hold some more.

And before you know it…

You’re in deep, wondering why this trade won’t turn around.

Why? Because your ego got involved.

You needed to be right.

And that (as you know) is where traders mess up.

Be quick to adapt to the market:

A consistently profitable trader isn’t the one who’s right 80% of the time.

No!

Most great traders are wrong way more often than that.

The difference?

When they’re wrong, they cut.

No ego.

No second guessing.

They simply cut their losses, shrug, and move to the next trade.

Picture this…

Rumors are circulating that the Bank of Japan is about to hike rates!

Ok, you spend days analyzing every relevant aspect of the Japanese economy to judge whether the BoJ really needs to hike or not.

And now you have your thesis!

The BoJ will not hike, in your opinion.

So now you’re convinced that USDJPY is about to skyrocket because the Bank of Japan will stay on hold, while instead… the market is expecting a hike.

So, you place your trade, confident you’re ahead of the curve.

Long USDJPY:

Ok. Now you wait.

The BoJ meeting is starting and…

The Bank of Japan is hiking rates!

USDJPY drops, but your entry is still fine.

You are near breakeven:

The context has changed completely. And your thesis was wrong!

At this point you should close the trade.

But instead, what you do?

You hold.

You yourself the market just needs to catch up with your story.

Maybe the forward guidance will be dovish?

It was just a “one and done” type of hike?!

No…

The BoJ during the press conference talks about the need to keep hiking rates further.

And USDJPY drops further.

Now what?!

You already messed up by not closing after the hike was announced.

Now you’re too invested in being right…

So you keep holding.

Well, you know how this continues…

The market keeps pushing against your position:

Sound familiar?

The reality is this:

A truly consistent trader acts in the best interests of his PnL first… even if that means admitting being “wrong” in one’s initial assessment of a trade.

Believe it or not, most great traders are wrong quite often.

So how they make the difference?

When they’re wrong, they get out.

No ego.

No second guessing.

They simply cut their losses, shrug, and move on.

As Paul Tudor Jones would say:

He literally had that exact phrase pinned on his wall:

So what you should take away from this?

The market doesn’t reward you for being right.

It rewards you for making good trades.

The consistent traders aren’t the ones with 99% accuracy.

No, they’re the ones who know when to get out of a trade and when instead ride a good one to its full potential.

You don’t need to be right.

You just need to be smart.

Adaptable and humble enough to accept when you’re wrong.

And confident enough to let your winners run.

Because after all…

Trading isn’t about proving you’re a genius.

It’s about being flexible and disciplined to the market trends.

Makes sense?!

It sure does.