Home
>
Stocks & Mutual Fund
>
What Can Model Airplanes Teach You About Trading?

What Can Model Airplanes Teach You About Trading?

I was devastated!

I just couldn't believe it. I was 10 years old and my dreams were shattered. I never wanted to look at another model airplane again!

But I'm getting ahead of myself. Let me start at the beginning.

When I was about 8 years old my older brother got interested in model airplanes. He had one that was connected to a control handle by fine wires. It flew around in circles whilst he stood in the middle controlling it.

[This was just before radio-controlled planes became popular -that's showing my age!]

And occasionally he would let me fly it.

The first time I flew his plane I was hooked!

I can still smell the fuel and hear the high pitched wine of the engine as I caused it to rise and dip as this fast moving object tried to pull my arm off!

I wanted one for myself. But I guess my parents thought I was too young. So it was some time later and after saving my pocket money for what seemed an eternity that I finally got to buy my own model aircraft kit.

I can remember going into the hobby shop and choosing which one to buy. And then rushing home to get started on putting it together.

I was so excited as I opened the box. And I got all the balsa wood and other materials out on the kitchen table and studied the plans.

The first task was to cut the sides of the body of the plane out of balsa wood. It was a big plane and so the body was quite long.

The first time I did this I was doing it freehand.

So I borrowed my Dad's big metal ruler. And I carefully cut along the line that I had marked on the wood.

But it was still crooked!

I tried once more and then I gave up. And I never made a model airplane again!

You see I wanted my first model plane to be perfect. But I realized that I couldn't achieve that. And so I gave up.

Years later I can still remember the frustration and disappointment that I felt at that moment.

Now what is the point of my telling you about my childhood traumas?

Novice traders often fall into the trap of wanting everything to be perfect before they place a trade. They want all their indicators to line up and they demand a perfect candlestick setup pattern.

Perfectionism has no place in the stock market.

Now, I'm not saying that you shouldn't try and be the best trader you can be.

But accept that you will never know all there is to know. And that you will have to make your trading decisions based on imperfect information.

And despite that realize that you don't need to be perfect to be successful.

Misguided perfectionism robbed me of pleasure as a 10 year old. Don't let it rob you of trading success.

David Chandler

Ordinary People Making Extraordinary Profits!

For free mini-course on stock and options trading click the following link: http://www.stockmarketgenie.com

Or visit our blog at: http://www.stockmarketgenie.com

The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn't worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

detailed home cleaning Lake Forest ..

In The News:

The Jetsons Act aims to position Pennsylvania as a leader in advanced air mobility by establishing regulations for hybrid ground-air vehicles.

Fake Geek Squad invoice emails are targeting users with convincing charges and urgent phone numbers to steal personal information and money.

Fox News Digital's artificial intelligence newsletter digs into a robot in Russia that faceplanted, George Clooney's alarm and OpenAI's rivalry with the New York Times.

Major data breach at Conduent exposes personal information of 10+ million people. Government contractor hit by cyberattack affecting Medicaid, child support systems.

Texas startup Janta Power raises $5.5M for innovative vertical solar towers that generate 50% more energy than traditional panels while using just one-third the land.

NASA's twin ESCAPADE spacecraft launched aboard Blue Origin's New Glenn rocket Thursday afternoon from Cape Canaveral, beginning their journey to Mars with arrival expected in 2027.

Learn how to set email reminders on iPhone and Android so you never forget to reply again. Simple built-in features help you stay organized and on top of messages.

Discover how Apple's passkeys revolutionize Mac security by replacing vulnerable passwords with biometric authentication and encryption for ultimate protection.

New survey reveals 78% of parents fear AI scams targeting their kids, yet nearly half haven't discussed these threats. Learn why this dangerous gap exists.

Chrome now autofills passport and driver's license info automatically. Google's latest browser update adds official document support with encryption and user control.

Scammers impersonate Department of Veterans Affairs employees claiming veterans owe money, but real VA communications only direct to VA.gov or official channels.

The AltoVolo Sigma hybrid-electric aircraft flies 500 miles at 220 mph while operating 80% quieter than helicopters, featuring safety systems and compact design.

Google search scam alert: fake customer service numbers can give scammers remote control of your phone. Learn how to spot these traps and protect yourself.

Electric vehicles overtake gas cars in total CO2 savings after just two years of driving, with emissions benefits growing over time as power grids get cleaner.

Louvre Museum reportedly used "Louvre" as password for surveillance system during $100M jewel heist. Learn how weak passwords put even famous institutions at risk.

Bipartisan AI jobs bill from Sens. Hawley and Warner would require companies to report AI-related layoffs and hiring to Department of Labor quarterly.

Joe A. from Shelton, Connecticut, lost $228,000 to a ZAP Solutions cryptocurrency investment scam after his divorce, highlighting rising online fraud.

AI-powered autonomous trucks from Waabi and Volvo target U.S. freight driver shortage with Level 4 self-driving technology and NVIDIA computing platform integration.

Survive flight disruptions with expert travel tips: Book early morning flights, download airline apps and know your refund rights during service cuts.

Apple's iOS 26.1 update delivers major security fixes, performance boosts and enhanced privacy controls for your iPhone. Discover why updating now protects your data.

Russian hackers use fake CAPTCHA tests to spread dangerous malware targeting governments and journalists. Learn how to protect yourself from these deceptive attacks.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Miami-Dade debuts America's first autonomous police SUV with AI cameras, drone deployment and real-time crime detection in groundbreaking law enforcement pilot.

Bank impostor scams cost Americans $2.9 billion as criminals use AI voices and caller ID spoofing to steal life savings. Learn nine essential fraud protection tips.

Foreign-owned apps secretly harvest personal data from seniors, making them prime targets for scams. Learn how to protect your privacy and stop data brokers today.

What Can Model Airplanes Teach You About Trading?

Stocks & Mutual Fund