On Nov 12, 8:04 am, "Ed Byars" wrote:

It is a great piece but after reading it I still am in doubt as to what to
do financially.

In my opinion, veteran soaring pilots (particularly long distance
pilots) have the potential of being some of the best investors/traders
as most of us know that the weather is bigger than life and most of
us accept that. Same with the market. One of the better articles
recently is this one on trader psychology:

http://www.financialsense.com/fsu/ed...2008/1110.html

but substitute the words "altitude" for "trading capital" and "money";
substitute "weather" for "markets", etc. The points on handling
stress is also critical to success (as in soaring). This site is one
of several I read that is non-mainstream, which, in my opinion, is
where you have to think in order to be ahead of what the market does.

As for what to do next, well, John does point out in the last
paragraph that a first step is to know exactly your own situation.
The next step of course is deciding what to do given your risk
tolerance (the "task") and step #1 then actually doing it (taking the
tow). IMHO, investing/trading is much tougher than soaring but
perhaps it's me......

Kemp