Help@ info overload!

Quoting dsvt1

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yup.. there is an unlimited amount of ways to confuse urself.. (imho) all u need is a sound understanding of basic TA.. everything else is reflected in that, so why overcomplicate the matter .. (up or down and when)

rgds..

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Quoting Blackship

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I'm overloaded with too much trading information and find difficulty in putting everything in perspective . anyone can help?

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Quoting diallist

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I used to teach a six week industrial electronics class. It was focused on a million dollar cigarette making machine that had hundreds of circuit cards with hundreds of components on each card, nearly 200 miles of wiring, 150 relays, 27 motors, over 300 optical and ferrous detectors and 4 CPU's. All of which worked together sending thousands of different electronic signals between all the components at very high speed. All this to churn out cigarettes at the rate of 8000 per minute. I required my students to know the purpose of every component on that machine, down to the smallest chip and to understand all the intricate timing signals that went between the components and the purpose of each.

I usually had between 8 and 12 students per class. Invariably, by the fourth week, they're eyes would be glazed over and all I would hear was "This is too much", "I'm overloaded", "I can't see the big picture","It's not possible to tie all this information together".

They wouldn't believe me when I told them not to sweat it and that by the end of the fifth week most of them would wake up one morning and they would find that suddenly everything had fallen into place and they could then grasp the whole picture at once with almost total understanding.

And this did happen to most of the students by the end of the fifth week. By the end of the sixth week, every student was relaxed and confident that they knew that machine forwards and backwards.

I taught that class 18 times over a three year period, and saw this happen for each and every class.

The cause? I knew that while the concious mind of each student was overwhelmed, the subconcious mind was busy sorting, grouping, categorizing, correlating and organizing the disparate facts about that machine into a coherent whole. Knowing this, I encouraged the students to get plenty of sleep to give their subconcious minds time to do it's job.

In the middle of one of those nights, the subconcious mind finished it's job and presented the result to the concious mind, which is why the students literally woke up one morning during the last two weeks of the class with sudden clarity.

Same thing goes for learning to trade. Yes, there is a lot to learn, but keep shoveling it into your brain. Read until you turn crosseyed. Demo until your seeing charts in your dreams. Be in more than one book at a time so the ideas from one book will reinforce the ideas from another. And when you start to feel the mental overload, just smile and realize that is the signal to you that your brain is doing it's job and will soon part the curtain of understanding for you.

Hang in there. Keep studying like a madman, and you WILL achieve understanding.

Dial

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Quoting diallist

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I used to teach a six week industrial electronics class. It was focused on a million dollar cigarette making machine that had hundreds of circuit cards with hundreds of components on each card, nearly 200 miles of wiring, 150 relays, 27 motors, over 300 optical and ferrous detectors and 4 CPU's. All of which worked together sending thousands of different electronic signals between all the components at very high speed. All this to churn out cigarettes at the rate of 8000 per minute. I required my students to know the purpose of every component on that machine, down to the smallest chip and to understand all the intricate timing signals that went between the components and the purpose of each.

I usually had between 8 and 12 students per class. Invariably, by the fourth week, they're eyes would be glazed over and all I would hear was "This is too much", "I'm overloaded", "I can't see the big picture","It's not possible to tie all this information together".

They wouldn't believe me when I told them not to sweat it and that by the end of the fifth week most of them would wake up one morning and they would find that suddenly everything had fallen into place and they could then grasp the whole picture at once with almost total understanding.

And this did happen to most of the students by the end of the fifth week. By the end of the sixth week, every student was relaxed and confident that they knew that machine forwards and backwards.

I taught that class 18 times over a three year period, and saw this happen for each and every class.

The cause? I knew that while the concious mind of each student was overwhelmed, the subconcious mind was busy sorting, grouping, categorizing, correlating and organizing the disparate facts about that machine into a coherent whole. Knowing this, I encouraged the students to get plenty of sleep to give their subconcious minds time to do it's job.

In the middle of one of those nights, the subconcious mind finished it's job and presented the result to the concious mind, which is why the students literally woke up one morning during the last two weeks of the class with sudden clarity.

Same thing goes for learning to trade. Yes, there is a lot to learn, but keep shoveling it into your brain. Read until you turn crosseyed. Demo until your seeing charts in your dreams. Be in more than one book at a time so the ideas from one book will reinforce the ideas from another. And when you start to feel the mental overload, just smile and realize that is the signal to you that your brain is doing it's job and will soon part the curtain of understanding for you.

Hang in there. Keep studying like a madman, and you WILL achieve understanding.

Dial

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Quoting Blackship

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I'm overloaded with too much trading information and find difficulty in putting everything in perspective . anyone can help?

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Quoting diallist

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Same thing goes for learning to trade. Yes, there is a lot to learn, but keep shoveling it into your brain. Read until you turn crosseyed. Demo until your seeing charts in your dreams. Be in more than one book at a time so the ideas from one book will reinforce the ideas from another. And when you start to feel the mental overload, just smile and realize that is the signal to you that your brain is doing it's job and will soon part the curtain of understanding for you.

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Quoting MrWhipple

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Just jumping on the bandwagon, right in the middle of the durum section. What Dialist said is right on. I am as old as dirt and have done a lot of training in my time. I have seen the same thing over and over.

I best experienced it myself while in the U.S. Army (HUHA!) and learning to speak read and write Thai. The course runs for a year, but if you don't pass the six-week exam you are toast. You get to go to cook school and end up in some out of the way place lake Alaska, or at that time it was Nam. It got so bad that we would get up in the middle of the night and sleep walk while speaking Thai and then pee in the waste basket and then light our desk on fire. That is some real stress! But once again at about week six, things calmed down, we became sane and we spent the rest of the year working hard and having fun in the California fog of lovely Carmel and the north coast. So a big Cali right arm to big D. (right arm, right arm, farm out dude!!!)

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Quoting WTB

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For the first time ever, I must disagree with Diallist.

I do not believe in overstudying nor overtheorizing (if such word exists). I do not believe that one must nail down absolutely every single twist of trading in order to become successful. I do not believe you need to keep shoveling trading material into your brain, nor do I believe in devouring different books at a same time. In my opinion, human brain is extremly selective and keen on getting saturated from overdose.

So what do I believe in as far as trading goes? specialization. Do not try to integrate Niison's candlesticks with a Bunny crossover strategy while throwing in James16's pin bar and a little bit of pivot bouncing to add flavor in it. That's a mess and no good can come out of it. In stead, pick up ONE aspect of trading (such as for example pattern breakouts or trendline bounces) and chew it through until you have squeezed all the juice of it, demo trading and studying ONLY what's related to that very trading field. See if it works for you (ie: make money with it). If you do, pat yourself in the back because you have found an "edge". Now, do NOT start messing around trying to explore new stuff adding it up to what already works. If there is one universal truth that applies to trading, that is "if it aint broken, dont fix it". Remember the ONLY point in trading is to make money, not to become a market erudite, and you do NOT need to dig into every trading system, every trading book, every trading technique in order to make money.

I personally do not know ANYTHING about candle formations, about MA crossovers, about indicators or about fundamental analysis, yet my trading is profitable using the same two or three tools I do know about over and over and over. That's what this is all about mate, do not get yourself confused with a never-ending studying. Cherry-pick a handful of tools that work for you and exploit them to superlative levels, and forget about all the rest.

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