HOW TO STAY AWAY FROM INFORMATION OVERLOAD IN TRADING
Written by Leroy Rushing Thursday, 10 April 2008
The problem in modern day trading is not lack of information - but rather, a complete overload of data. There are many sources that all have different strategies on how to improve your trading and meet your trading goals. Each program will have different steps to building a perfect strategy; following one plan is a great way to succeed, but trying to use them all will lead to failure. Even proven strategies are only as good as the people behind them. Group MentoringGroup mentoring is a great way to learn about trading with a number of people in the same situation. Group mentoring allows a group of people to learn by trading information or looking at each other's Tradestation examples and workspaces. Many group sessions offer an interactive classroom with a live trading room and virtual library full of trading education and resource materials. Many groups benefit from custom indicators that have been created by the members of the group. Information is freely shared for the benefit of everyone. Profitable traders often meet in these sessions to talk about trading goals and how to generate profits. The virtual libraries online make for great reference material whenever you need a second opinion on an investment. The group mentoring sessions allow you to learn with peers who have a similar education as you do.Don't Overload YourselfStaying away from information overload is made easy when learning with a group of your peers. Knowledge is spread quickly through a small group of informed traders. It is much easier to learn from the mistakes and good fortune of others than to listen to financial advice from someone who probably isn't in your situation. A group session will allow you to feel comfortable with your trading and investing.Information overload occurs when you try to make your strategy perfect. The holy grail of trading has not yet been found and likely will never be. There is no 100% winning system. The best profits come from strategies that also have losses. When is the last time you saw a CD yielding 30% per year?Avoiding information overload is as simple as learning with your peers. A virtual library of trading education and resource information is available around the clock with most group mentoring programs. Learn about the markets piece by piece rather than attempting to take it on all in one weekend.
Article Source: http://www.ArticleBlast.com
About The Author:Leroy Rushing is an active, professional day trader; trading coach; and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide. Trading EveryDay also has many articles with unique perspectives on day trading.
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