He's one of history's great military strategists, but you likely haven't heard of him... Colonel John Boyd was born in Erie, Pennsylvania, and joined the Army Air Corps in 1944, while he was still in high school. After graduating from the University of Iowa, he was commissioned into the Air Force during the Korean War [â¦] Not rendering correctly? View this e-mail as a web page [here](.
[Empire Financial Daily] Trade Like a Fighter Pilot By Enrique Abeyta He's one of history's great military strategists, but you likely haven't heard of him... Colonel John Boyd was born in Erie, Pennsylvania, and joined the Army Air Corps in 1944, while he was still in high school. After graduating from the University of Iowa, he was commissioned into the Air Force during the Korean War and flew a short tour (22 missions) where he never claimed a kill or even fired his guns. After Korea, he was assigned to the Air Force's Weapons School, where he graduated at the top of his class and became one of the most influential instructors – writing the school's tactics manual. While there, Boyd developed a concept called "OODA," which stands for: observe, orient, decide, act. These were four steps that Boyd applied to combat operations... But today, the concept applies to fields beyond military strategy – including business and law enforcement. They also happen to be four great steps to think about while investing – especially in crazy markets like today. --------------------------------------------------------------- Recommended Links: [Emergency market briefing tonight]( Recently, as the S&P 500 stumbled... legendary trader Enrique Abeyta's readers locked in gains of 460% and 1,418%. Tonight, he's revealing exactly how he pulled off these impressive, fast gains... and he's doing it for FREE. All you have to do is sign up. Today is the last day to reserve your spot. [Click here to RSVP today](.
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--------------------------------------------------------------- So today, let's take a look at each and see how they apply to trading... Observe The first step is to build a comprehensive picture of the situation with as much accuracy as possible. For a fighter pilot, this can mean understanding who the enemy is, how many planes there are, what type of equipment is being used, or what the weather is like. For trading, it means understanding what kind of market you're in – a bull, a bear, a correction, low volatility, high volatility, etc. It also means understanding what kind of asset you're trading and how it has been responding to the current environment. Information alone isn't enough. You also need to think about the meaning of the information and decide what is relevant – context is everything. Orient This step is the most complicated... It's about understanding what's truly important and what isn't in the situation. It's critical to build a plan around trading that's rooted in reality, as opposed to your assumptions. Another way to think of this is to pause to consider your biases... Boyd used an example of a snowmobile. It's a vehicle built from many disparate elements: treads like a tank, skis, a boat motor, and the handlebars of a bike. If you look at them by themselves, you might assume these elements are useless... but together, they create a functional vehicle. As Boyd explained... A loser is someone (individual or group) who cannot build snowmobiles when facing uncertainty and unpredictable change... Whereas a winner is someone (individual or group) who can build snowmobiles, and employ them in an appropriate fashion, when facing uncertainty and unpredictable change. My version of this is to focus on what works in trading, not what you want to work. Decide This one is fairly straightforward – make a plan! This concept makes up the first half of my favorite saying: Plan the trade. Once you've analyzed your situation and worked to understand your biases with a goal of developing a pragmatic and realistic view – you decide on a plan to execute. Act This is the last half of my favorite saying: Trade the plan. Now, you execute what you've set out to do. Discipline is key in making sure you stick to your (hopefully) well-thought-out plan. With trading, the best way to think about this methodology is through constant application. Every time you're looking to make a trade, go through this process. As you see the results of your actions, do an analysis of what worked and what didn't and try to determine why it did or did not. This is an iterative process. You need to repeat it for your efforts to pay off. The tactics that have guided our fighter pilots for the past 50 years can also help improve your trading... so keep this approach in mind. And when it comes to trading, consider a little-known strategy that can help you make outsized annualized returns on some of the top stocks in the market... It's the No. 1 strategy I use to make money when markets are in the throes of high volatility – just like we're seeing right now. In fact, I used it to make millions during the worst market crashes in history in 2001 and 2008. Due to the market turmoil we've been seeing recently, I'm hosting a free emergency briefing tonight, at 8 p.m. Eastern time, to explain everything. If you're looking for a way to supercharge your portfolio this year (and beyond), you can't afford to miss it. You'll even get a free, actionable trading recommendation – ticker symbol and everything – simply for showing up. If you haven't already, make sure you register to attend – you can do so for free [right here](. Regards, Enrique Abeyta
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