“According to a 2004 study, the average life expectancy of a non-instrument rated pilot who flies into clouds (or other ‘instrument’ conditions) is 178 seconds.”
In other words, the inexperienced pilot is dead within three minutes after entering clouds.
It’s a horrible experience called spacial disorientation. It’s a very real phenomenon, and I’ve experienced it myself.
So, have you ever thought about how pilots can bring in planes when passengers can’t see a thing through the window?
They can make those perfect landings because they have learned the art of taking their own senses out of the equation and trusting their instruments. They call it “flying IFR.”
In a way, experienced stock traders fly IFR. A successful trader learns to take his gut out of the equation and trust what the charts are telling him. He lets the charts take precedent over news, hope, or fear.
After all, the charts represent the collective mindset of the entire market.
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