Aviation risk management models improve trading success
The guest argued that applying aviation's 'threat and error management' and strict checklist protocols can dramatically increase retail trader survival rates.
The argument
The speaker compared the 100% safety success rate of commercial aviation to the estimated 5% success rate of retail traders. He argued that traders must define their exit points before entering a trade (analogous to a flight plan destination) and maintain situational awareness rather than relying on market hype.
Hear it yourself
"And, but the idea is why is one industry got a 100% success rate, and why is the other industry got a 5% success rate? And what can we learn from this industry, bring it over to that industry, and be successful?"
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