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.
Every stock market investor faces one primal enemy. An enemy... Read More
Most people think the stock market is a zero sum... Read More
It has fallen upon the consumer to make our economy... Read More
As I have said many times before in this column... Read More
Before we get into all the good news out there,... Read More
In his wonderful book, 'Multiple Streams of Income', best selling... Read More
You remember (they show it on TV every year) the... Read More
Whenever I see mutual fund comparisons in the trade publications... Read More
If you have been dealing with mutual funds for any... Read More
I love roller coasters. The steeper the better. High and... Read More
I go to the Money Show every year to visit... Read More
If you haven't heard of the technical indicator with the... Read More
It is difficult to make money in a bull market,... Read More
Have you ever thought of investing? Do you have a... Read More
With over 6,000 mutual funds available, it may be tempting... Read More
"If you don't know where you are going, any road... Read More
Never lose money in the stock market again. Yeah, I... Read More
Over the past few months, several investment professionals have brought... Read More
This is a rather simple strategy with which I am... Read More
One of the main reasons many of us get into... Read More
Inverted interest rates? What's that? Who cares? Even if you... Read More
When the stock market is going up and all your... Read More
Disclaimer: Please note that I do not necessarily purchase, own,... Read More
What does it mean to short a stock?This means that... Read More
Before they go over the cliff to their destruction these... Read More
Congress recently passed another new law that is supposed to... Read More
Success in small cap & micro cap stock trading like... Read More
Where is the beef? Or maybe it should be where... Read More
I have watched my cat play with a bag of... Read More
Let's go into the details of why non-indexed mutual funds... Read More
Sometime around 1980, can't remember exactly, there was a flight... Read More
You probably know the story of Sherlock Holmes and the... Read More
According to Investopedia Inc. the penny stock market has seen... Read More
Even if you don't own any of their stock or... Read More
The bulls and bears of the stock market are both... Read More
Reduce your investing and stock market risks by:Setting your sights... Read More
Recently I watched my favorite football team lose a vital... Read More
A 'stock option' is a contract between two parties giving... Read More
Quick, look out the window. It's raining. No, the sun's... Read More
Inverted interest rates? What's that? Who cares? Even if you... Read More
One of the most believed bits of conventional wisdom from... Read More
IT'S REMINISCENT OF THE OLD children's tale about an old... Read More
A stock market index is a statistical measure of changes... Read More
Before they go over the cliff to their destruction these... Read More
I am taking the time to help others learn the... Read More
With all the bad news that has been dumped upon... Read More
The trading method you employ to approach the stock market... Read More
Both the stock market and oil prices rallied recently, which... Read More
Have you bought any mutual funds this year or late... Read More
Very few people, even professionals, have heard of the Dalbar... Read More
For years investors have been taught to look into the... Read More
The Winter Games for the Olympics are coming up soon... Read More
When it comes to stock market trading it PAYS to... Read More
Any online investor / trader seeks an excellent off or... Read More
One of the things people are always asking me is... Read More
Hedge current portfolio positions and gain access to capital resources... Read More
There are major differences between trading stocks and trading futures.... Read More
I use the P/E ratio as a secondary indicator for... Read More
There is so much involved in developing peak performance, that... Read More
How can you dispel an illusion unless you look directly... Read More
I constantly hear the talking heads on CNBC-TV, the radio... Read More
If you want one.And I don't recommend any broker with... Read More
The stock market has been in an up trend for... Read More
The Dow TheoryCharles H. Dow... Read More
Buy high and sell low -- It's not a typo.Millions... Read More
When you stand on the ocean shore and watch the... Read More
Stocks & Mutual Fund |