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What Can Model Airplanes Teach You About Trading?

I was devastated! freehand.
I just couldn't believe it. I was 10 So I borrowed my Dad's big metal ruler.
years old and my dreams were shattered. And I carefully cut along the line that I
I never wanted to look at another model had marked on the wood.
airplane again! But it was still crooked!
But I'm getting ahead of myself. Let me I tried once more and then I gave up.
start at the beginning. And I never made a model airplane again!
When I was about 8 years old my older You see I wanted my first model plane to
brother got interested in model be perfect. But I realized that I
airplanes. He had one that was connected couldn't achieve that. And so I gave up.
to a control handle by fine wires. It Years later I can still remember the
flew around in circles whilst he stood in frustration and disappointment that I
the middle controlling it. felt at that moment.
[This was just before radio-controlled Now what is the point of my telling you
planes became popular -that's showing my about my childhood traumas?
age!] Novice traders often fall into the trap
And occasionally he would let me fly it. of wanting everything to be perfect
The first time I flew his plane I was before they place a trade. They want all
hooked! their indicators to line up and they
I can still smell the fuel and hear the demand a perfect candlestick setup
high pitched wine of the engine as I pattern.
caused it to rise and dip as this fast Perfectionism has no place in the stock
moving object tried to pull my arm off! market.
I wanted one for myself. But I guess my Now, I'm not saying that you shouldn't
parents thought I was too young. So it try and be the best trader you can be.
was some time later and after saving my But accept that you will never know all
pocket money for what seemed an eternity there is to know. And that you will have
that I finally got to buy my own model to make your trading decisions based on
aircraft kit. imperfect information.
I can remember going into the hobby shop And despite that realize that you don't
and choosing which one to buy. And then need to be perfect to be successful.
rushing home to get started on putting it Misguided perfectionism robbed me of
together. pleasure as a 10 year old. Don't let it
I was so excited as I opened the box. rob you of trading success.
And I got all the balsa wood and other The above comments are offered for
materials out on the kitchen table and educational purposes only. We are not
studied the plans. providing you with financial advice. We
The first task was to cut the sides of are simply sharing with you what has and
the body of the plane out of balsa wood. hasn't worked for us personally. If you
It was a big plane and so the body was wish to trade or invest in the stock
quite long. market you should obtain advice from a
The first time I did this I was doing it registered licensed advisor.




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