Jan

16

Market implications?

If the enemy is in range, so are you. -Infantry Journal

It is generally inadvisable to eject directly over the area you just bombed. -US.Air Force Manual

Whoever said the pen is mightier than the sword, obviously never encountered automatic weapons. - General MacArthur

You, you, and you … Panic. The rest of you, come with me. Infantry Sgt.

Tracers work both ways. -Army Ordnance Manual

Five second fuses last about three seconds. - Infantry Journal

The three most useless things in aviation are:Fuel in the bowser; Runway behind you; and Air above you. -Basic Flight Training Manual

Any ship can be a minesweeper. Once. - Naval Ops Manual

Never tell the Platoon Sergeant you have nothing to do. -Unknown Infantry Recruit -and if he asks who knows how to drive a Cadilac…….keep your mouth shut !

If you see a bomb technician running, try to keep up to him. - Infantry Journal

Yea, Though I Fly Through the Valley of the Shadow of Death, I Shall Fear No Evil. For I am at 50,000 Feet and Climbing. - Sign over SR71 Wing Ops

You've never been lost until you've been lost at Mach 3. -Paul F. Crickmore (SR71 test pilot)

The only time you have too much fuel is when you're on fire. -Unknown Author

If the wings are traveling faster than the fuselage it has to be a helicopter — and therefore, unsafe. -Fixed Wing Pilot

When one engine fails on a twin-engine airplane,you always have enough power left to get you to the scene of the crash. -Multi-Engine Training Manual

Without ammunition, the Air Force is just an expensive flying club. -Unknown Author

If you hear me yell; "Eject, Eject, Eject!", the last two will be echos. If you stop to ask "Why?", you'll be talking to yourself, because by then you'll be the pilot. -Pre-flight Briefing from a Canadian F104 Pilot

What is the similarity between air traffic controllers and pilots? If a pilot screws up, the pilot dies; but if ATC screws up, …. the pilot dies. -Sign over Control Tower Door

Never trade luck for skill. -Author Unknown

The three most common expressions (or famous last words)in military aviation are: "Did you feel that?'' "What's that noise?" and "Oh S…!" -Authors Unknown

Airspeed, altitude and brains. Two are always needed to successfully complete the flight. -Basic Flight Training Manual

Flying the airplane is more important than radioing your plightto a person on the ground incapable of understanding or doing anything about it. -Emergency Checklist

The Piper Cub is the safest airplane in the world; it can just barely kill you. - Attributed to Max Stanley (Northrop test pilot)

There is no reason to fly through a thunderstorm in peacetime. -Sign over Squadron Ops Desk at Davis-Montham AFB, AZ

You know that your landing gear is up and locked when it takes full power to taxi to the terminal. - Lead-in Fighter Training Manual

As the test pilot climbs out of the experimental aircraft, having torn off the wings and tail in the crash landing, the crash truck arrives.

The rescuer sees the bloodied pilot and asks,'What happened?' The pilot's reply: "I don't know, I just got here myself!".

Tom Blackwood replies:

Market implications? How is this:

‘If the enemy is in range, so are you.’ -Infantry Journal

-When a ‘trend’ is obvious, there are few people left to join it, and there is probably more profit in going the other way.

‘It is generally inadvisable to eject directly over the area you just bombed.’ -US.Air Force Manual

-If you need to get out of a big position quickly, don’t let the dealer read you and preferably execute where they don’t know your exposure. You can net it off later.

‘Whoever said the pen is mightier than the sword, obviously never encountered automatic weapons.’ - General MacArthur

-Don’t think you can compete against the smartest minds using the best technology with a little trend line, moving average, and textbook cliche.

‘You, you, and you … Panic. The rest of you, come with me.’ - Infantry Sgt.

-Do not do what everyone else is fond of doing. Let them do it far away from you and profit from their mistakes.

‘Tracers work both ways.’ -Army Ordnance Manual

-This relates to prudent safeguards when putting on size, especially not leaving stops with brokers. Having a hard stop gets you out, but also gets you seen.

‘Five second fuses last about three seconds.’ - Infantry Journal

-Never try for the first or last eighth which are the two most expensive ticks in trading. (paraphrased)

‘Any ship can be a minesweeper. Once.’ - Naval Ops Manual

-Importance of position sizing. Not placing any career defining / ending trades in volatile conditions.

‘Never tell the Platoon Sergeant you have nothing to do.’ -Unknown Infantry Recruit

-and if he'd asks who knows how to drive a Cadilac…….keep your mouth shut ! Traders who always need action and do not understand that the odds do not always favour their participation will end up being given something unpleasant to do - tending to bad trades.

‘If you see a bomb technician running, try to keep up to him.’ - Infantry Journal

-When flight to quality / risk off, buy bonds.

‘Yea, Though I Fly Through the Valley of the Shadow of Death, I Shall Fear No Evil. For I am at 50,000 Feet and Climbing.’ - Sign over SR71 Wing Ops

-Once you intimately understand yourself, your abilities, and trust in your risk management there is nothing to fear from trading.

‘You’ve never been lost until you’ve been lost at Mach 3.’ -Paul F. Crickmore (SR71 test pilot)

-Have a plan for every eventuality and follow it. If something unexpected happens, get flat. If you have made a fat finger, don’t think about the loss or the exposure just get flat. If you’re on the wrong side of a flash crash, get flat now not 60 points lower.

Perhaps lessons for the trader rather than lessons about the market. The rest don’t seem to “fit” for me or I lack the creativity, so not going to force. Got the old brain doing something different though, thanks….
 


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