I was supposed to be back in London today, being reunited with Jasper.
And everything was set up nicely…
Plane was due to depart on time…
Ivy was playing quietly and looking like she was ready to sleep through the bulk of the flight.
And then it started…
First a passenger decided they didn’t want to fly… so they were removed… which means going back to the gate and unloading their bags
Then 2 more passengers had a few too many beverages so they also had to be kicked off the flight…
At this point we’d be on the plane for going on 3 hours… which meant the cabin crew was over their allowed flying time… so the flight was cancelled
Which then means getting all our checked bags… and finding a hotel room at 11:30PM… and all that jazz.
As I write this the flight has been rebooked so we should arrive back in London tomorrow.
So what do my travel problems have to do with your portfolio?
Everything!
Because think about how many time you’ve planned the perfect trade… and then seen it all go sideways within a matter of days… often through circumstances way beyond your control.
(Those who were trading in August 2024 will remember the Yen carry trade blowup which sent the entire market down 6% in a matter of days - one of the more recent cases)
And these cases are unavoidable… so if you trade for any length of time then you will run into them
It’s how you react that counts
I was disgusted by some passengers taking everything out on the cabin crew last night… as if they had any say in the matter.
And I’ve seen people react the same way with their trades… focusing on blame rather than just moving onto the next one
Sure it’s frustrating at the time… but you won’t get anywhere playing the blame game.
Just dust yourself off and move onto the next one
Because if you’re planning on making serious money doing this… you’ll want to be doing it for a long time… and you’ll be encountering one or two of your own cancelled flights along the way
Right, time to head back to the airport
Oliver