Very good reasons not to read anything before trading

You have decided, that you are not going to take any notice of the
newspapers and you are going to trade based on the evidence that you
see
before you. As you are sipping your morning coffee, you happen to
notice that
the XYZ group is meeting today to announce some new finance measures.
Some hours later, whilst at your screen, you see a market action that
you are
unsure of. This uncertainty will cause the brain to scan all available
data
sources in an attempt to link this event, to some past event.

In a flash, the article about G7 pops into your mind, and now your are
stuck
with it. You are now mentally influenced by this story, whether you
like it or not
and you will find it difficult to trade. Worse still, you may ignore
all the
evidence you have gathered up to that point.

Interrupting telephone calls that may just mention a little something
that is
going on today!

Giving your opinion to others about the market: let me explain some of
the
power that this holds, a friend calls you and asks you what you think
of the
market and which way you think it will go. In a flash of pride, you
proceed to
explain XYZ about the market, and why certain things are going to
happen. In
that one instant you have, unbeknown to yourself planted very firm
opinions
about the market within your own mind. Now if the market does indeed do

what you said, you are a hero, if it does not, then you got it wrong.
But this is
not the real issue; the real danger in the above is that the moment you
give
your opinion, you will be practically unable to change your mind about
the
market, even as it starts to move against you.
www.learningtotradechris.com

Re: Very good reasons not to read anything before trading

Yawn......

"Tracker" <> wrote

Spam.