What Can Model Airplanes Teach You About Trading?

I was devastated!plane out of balsa wood. It was a big plane and so the
I just couldn't believe it. I was 10 years old and mybody was quite long.
dreams were shattered. I never wanted to look atThe first time I did this I was doing it freehand.
another model airplane again!So I borrowed my Dad's big metal ruler. And I carefully
But I'm getting ahead of myself. Let me start at thecut along the line that I had marked on the wood.
beginning.But it was still crooked!
When I was about 8 years old my older brother gotI tried once more and then I gave up. And I never
interested in model airplanes. He had one that wasmade a model airplane again!
connected to a control handle by fine wires. It flewYou see I wanted my first model plane to be perfect.
around in circles whilst he stood in the middle controllingBut I realized that I couldn't achieve that. And so I gave
it.up.
[This was just before radio-controlled planes becameYears later I can still remember the frustration and
popular -that's showing my age!]disappointment that I felt at that moment.
And occasionally he would let me fly it.Now what is the point of my telling you about my
The first time I flew his plane I was hooked!childhood traumas?
I can still smell the fuel and hear the high pitched wineNovice traders often fall into the trap of wanting
of the engine as I caused it to rise and dip as this fasteverything to be perfect before they place a trade.
moving object tried to pull my arm off!They want all their indicators to line up and they
I wanted one for myself. But I guess my parentsdemand a perfect candlestick setup pattern.
thought I was too young. So it was some time laterPerfectionism has no place in the stock market.
and after saving my pocket money for what seemedNow, I'm not saying that you shouldn't try and be the
an eternity that I finally got to buy my own modelbest trader you can be.
aircraft kit.But accept that you will never know all there is to
I can remember going into the hobby shop andknow. And that you will have to make your trading
choosing which one to buy. And then rushing home todecisions based on imperfect information.
get started on putting it together.And despite that realize that you don't need to be
I was so excited as I opened the box. And I got all theperfect to be successful.
balsa wood and other materials out on the kitchenMisguided perfectionism robbed me of pleasure as a
table and studied the plans.10 year old. Don't let it rob you of trading success.
The first task was to cut the sides of the body of the