This is reported to be an actual radio conversation of a US naval ship with Canadian authorities off the coast of Newfoundland in October 1995. Radio conversation released by the chief of naval operations, 10-10-95.
(Please Note: This story is an example of why it is important to listen and blend with the market. It is not meant as a political statement of any kind.)
CANADIANS: Please divert your course 15 degrees to the south to avoid a collision.
AMERICANS: Negative, recommend you divert your course 15 degrees to the north to avoid a collision.
CANADIANS: Negative Sir. You will have to divert your course 15 degrees to the south to avoid a collision.
AMERICANS: This is the captain of a US Navy ship. I say again, divert YOUR course.
CANADIANS: No Sir, I say again, please you divert YOUR course.
AMERICANS: This is the Aircraft Carrier US LINCOLN, the second largest ship in the United States Atlantic Fleet. We are accompanied by three Destroyers, three Cruisers and numerous support vessels. I DEMAND that you change your course 15 degrees north. I say again, that’s one-five degrees north, or counter-measures will be undertaken to ensure the safety of this ship.
CANADIANS: Uh, Captain, This is a lighthouse. Your call.
The market, like a lighthouse, will send signals and it is incumbent on us to listen and to blend with the market. In a collision, the lighthouse (market) always wins.
One of my maxims says “The stock will never listen to you, but, it will speak to you if you learn to listen”. Another one says, ” If you dance with a gorilla, don’t try to lead”. Folks, you must learn to listen (read charts and interpret news) and you must bend and blend with the market to avoid being crushed by it. This is not natural to our independent and proud natures.
This has been a wonderful market for traders who trade both ways. It has been frustrating and devastating to one directional traders. Trading is more than jumping in and holding on. It is dynamic and fluid and bidirectional. You must be trained in dynamic and tactical trading to flow with the market. You can and you must learn to do this. The following thought may help put this into perspective. It is paraphrased, as I cannot recall the author.
“The learners will inherit the earth while the learned will find themselves perfectly prepared and suited for a reality that no longer exists”.