All I Know About Trading Options, I Learned in Flight School

Pazienza said:
Why do you have to accelerate when turning a plane? Just a question out of interest. Does something bad happen if you turn without doing it (I have zero flying knowledge)?
Click to expand...

In a turn the lift vector is no longer in line with gravity (vertical). You have to add lift to compensate for the bleed associated with the horizontal component of lift. That is done by accelerating.

This effect is most pronounced during steep turns where the vertical component is significantly diminished. If you don't increase speed you soon find your windshield full of spinning earth. Not a good thing. Luckily, when it happened to me I recalled that the airplane knew how to fly better than me. I took my hands off everything and the airplane returned to stable (relatively) level flight. I used to practice steep turns a lot to get used to the unusual sensory input and be proactive rather than reactive in my flying. It's like riding the same roller coaster a bunch of times so that after you know what is coming, you are free to observe a lot more stuff.

An interesting note. I read somewhere that Lindbergh had his controls set so that hands off would be unstable so that he would be forced to stay away to survive.
 
HowardCohodas said:
In a turn the lift vector is no longer in line with gravity (vertical). You have to add lift to compensate for the bleed associated with the horizontal component of lift. That is done by accelerating.

This effect is most pronounced during steep turns where the vertical component is significantly diminished. If you don't increase speed you soon find your windshield full of spinning earth. Not a good thing. Luckily, when it happened to me I recalled that the airplane knew how to fly better than me. I took my hands off everything and the airplane returned to stable (relatively) level flight. I used to practice steep turns a lot to get used to the unusual sensory input and be proactive rather than reactive in my flying. It's like riding the same roller coaster a bunch of times so that after you know what is coming, you are free to observe a lot more stuff.

An interesting note. I read somewhere that Lindbergh had his controls set so that hands off would be unstable so that he would be forced to stay away to survive.
Click to expand...

Interesting. I have learned something new.

Thanks, HoCo. (y)
 
Real confidence in the air is bred only by mistakes made and recovered from at a safe altitude, in a safe ship, and seated on a good parachute.
Source: Rodney H. Jackson, 'A Lesson in Stunting,' Aeronautics magazine, February 1930.
 
Why don't you tell us about trading options, that is what this thread was originally about right?
 
Thanks and your interest is good .
If you try to work on internet and search your desire information is easily available. You got important knowledge about business.
 
Depth Trade said:
Why don't you tell us about trading options, that is what this thread was originally about right?
Click to expand...
Like most things in life, what the student learns is largely based on what he brings to the table.

The purpose of this thread is to apply maxims about piloting an aircraft to trading (options because that's what I do, but any trading usually applies.) If you don't get the relationship, discuss it here. We could all learn from your insights.
 
They will pressure you into doing things that may be unsafe, use your good judgment, and remember, 'I would rather be laughed at, than cried for.'
Source: George MacDonald
 
I'm thinking this is a cruel joke of Dash, did he tell you we're all pilots?
 
Hotch said:
I'm thinking this is a cruel joke of Dash, did he tell you we're all pilots?
Click to expand...
Being an airplane pilot is a good thing.

Who includes "all?" Might have to recalibrate my respect point assignments. :cheesy:

Is Dash back with us again?
 
What you know is not as important as what you do with it.
Source: Flight Instructor Favorites
 
I would have thought that a thread about flying would be exciting but I gotta say Howard that you you make it sound dull. I am sure that your real life experiences are not as dead as you make them sound, it is like a communication thing?

Anyway, it might be nice to get stoned, chill out and drift above the clouds with this accompianment :


Blue summer skies...:) beautiful, yeah?
 
Vorbis said:
I would have thought that a thread about flying would be exciting but I gotta say Howard that you you make it sound dull. I am sure that your real life experiences are not as dead as you make them sound, it is like a communication thing?<snip>
Click to expand...

Like much of life, cross domain lessons have more to do with will and focus and less to do with pleasure. Will and focus is how things get accomplished. Pleasure is the by product.
 
Don't believe other people, prove it for yourself. Stick to what you have proved believable. Don't be overawed by other more senior people. Don't ignore the feelings in your bones.
Source: David P. Davies, former Chief Test Pilot
 
reminds me of swiss toni

Trading is like making love to a beautiful woman.....

Might have been a more interesting thread.
 
ledgy said:
reminds me of swiss toni

Trading is like making love to a beautiful woman.....

Might have been a more interesting thread.
Click to expand...

Be fair to HoCo. That last one is good, and relevant. It's essentially the same as one of the main lessons that Livermore emphasises, and it's certainly been my experience that the principle is sound.
 
You must log in or register to reply here.

Similar threads

L
keen to learn about options
Replies
17
Views
5K
lloydbee
lloydbee
B
OptionMaster [school project]
Replies
2
Views
2K
BinaryMan
B
M
Flight to Quality –Flight to Warren Buffet His Berkshire Hathaway
Replies
1
Views
2K
fibo_trader
F
bob1408
A Good Charting Software
Replies
9
Views
4K
Samuel_J
S
T2W Bot
FAQ How Do I get a Job Trading?
2 3 4
Replies
73
Views
102K
IceThor
I
Top