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Tackle Today: What a bad flight has taught me about trading

January 8, 2020

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Tackle Today: What a bad flight has taught me about trading (Image: Airplane!, 1980)
Image credit: Airplane! (1980)

« A study on human (mis)behaviour. »

Flight: Ryanair FR 3960
Departure: Milan Bergamo Airport (BGY) at 7:00 am (CET)
Arrival: Lisbon Portela Airport (LIS) at 9:55 am (CET)
Date: 12/18/2019
Status: Pure hell.

We all know that Elon Musk hates taking weeks off. Me too. Matt Justice too. Not that we are comparing ourselves to Elon, but when it comes to vacation we sure can celebrate together this unusual commonality.

My family and I went to Portugal for Christmas. Eating, drinking and laughing with close friends wraps up the entire plot. I also (finally!) met Jessica Marinho in person. It all went well, except for the flight.

We arrived in the middle of a storm called Elsa. Could be the Disney one, yes. Angry, resentful and vengeful, she sure wanted to crash the plane while landing. It was hard to make a decision: pass out or grab the waste bag.

But that’s not the point here. Before I got sick, I’ve learned a lot about trading and human behaviour in the financial markets just by looking at how people (mis)behave inside an airplane:

  • Not able to organize themselves. People look like random particles clashing with each other.
  • All staircases, corridors, and doors are made for Hobbits and people just can’t wait for their turn. Herd mentality instantly takes over.
  • They can’t follow simple rules like fasten the seat belts and turn off the mobile devices when told to.
  • They want to go to the bathroom exactly when they are not allowed to.
  • As soon as the plane touches the floor they start to unfasten their seatbelts.
  • Before the plane stops they are already elbowing each other to get their luggage.

Low-cost flights are a myth. The risk-reward on this flight was completely off. Exit position.

Chart of the Day

Missiles hit the S&P500

Missiles hit the S&P500

If the USA and Iran go on an official fistfight, we can expect more of this happening to the market landscape.

Video of the day

Airplane 2: “Out of Coffee” scene

My flight to Portugal in one scene.

Today’s line up

Traders Lounge 11 PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show Replay

If you missed last night’s episode where Coaches Noah Davidson and Mark Justice talked about Goal Setting for 2020 or would like to watch it again, check it out here.

Tackle 25 MasterMind Group 8:30 PM EST

Join and learn how to better use the Covered Call System with the Tackle 25 with Coach Tyler Craig.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

Trading Justice Podcast

Trading Justice Episode Episode 355: Tackle 25 Covered Calls (2020 Edition)

In this episode of the Trading Justice Podcast, Matt and Tim discuss the Tackle 25 release for 2020. This list serves as a candidate list to trade Covered Calls, Naked Puts and other strategies used by options traders throughout the year. Listen to the episode in the player below:

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One Reply to “Tackle Today: What a bad flight has taught me about trading”

  1. ekaranja29 ekaranja29 says:

    LOL! Nice read Christian.

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