cement board siding hardie plank siding siding installation installing vinyl siding mchenry county installing vinyl siding .. Chicago Drug testing

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://stockmarketgenie.blogspot.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.

In The News:

Stock Trading Secrets?

How often have you come across an advertisement or e-mail... Read More

Long Term Financial Vehicles

Investing in long-term financial vehicles give you the most gains... Read More

So, What is This Stock Market Thing Anyway?

We've all heard of the stock market and probably have... Read More

Money, Insanity and Wall Street

Money: the most charged word in the planet. It means... Read More

Mutual Fund Expense Lies

When purchasing mutual funds we are cautioned to read the... Read More

Is Your Garage Full Of Junk?

I have a 2-car garage. There are nice shelves on... Read More

Losses, not Profits, will Stop You from Trading in the Market

Should the market turn against you, it is important that... Read More

Dividend Reinvestment Plans: Investing on Automatic Pilot

If you're like many investors who squander those small dividend... Read More

Eternal Sunshine

There is a current movie entitled "Eternal Sunshine of the... Read More

Whitewater Stock Market

Ever done any whitewater rafting or canoeing? Long periods of... Read More

Investment Capital Gains

Have you bought any mutual funds this year or late... Read More

Investment Attorneys and Garbage Stocks

How is it possible that trash Companies are posting less... Read More

Financial Crime

Congress recently passed another new law that is supposed to... Read More

Stops Make Money

During the day I watch CNBC-TV, the stock market channel.... Read More

A Penny for Your Stocks

According to Investopedia Inc. the penny stock market has seen... Read More

What Are You Waiting For?

Do you own any mutual funds? In an IRA or... Read More

Discover the Biggest Trading & Investing Online Mistake

Any online investor / trader seeks an excellent off or... Read More

The Next Bull Market

We are already in it, but you can't see it.... Read More

Dividend Paying Stocks

I would like to share with the reader an article... Read More

Pamplona, the Wild Investment Bulls

You remember (they show it on TV every year) the... Read More

Online Trading Strategy: Collecting Cash when Stocks Go UP - It PAYS to Know More than Others

When it comes to stock market trading it PAYS to... Read More

Stock Trading - Daddy, Why Arent We Rich?

One Saturday morning, while he was sitting at his computer... Read More

Enronization

Even if you don't own any of their stock or... Read More

Is The Bear In The Cage?

For the last few weeks we have seen the stock... Read More

Understanding a Stocks PEG Ratio

A PEG ratio cannot be used alone but is a... Read More

induction cobra head led outdoor lights Pete's produce ..
induction cobra head led outdoor lights Pete's produce ..