How to stop information overload?

L

lentus

I'm reading macro stuff and one thing leads to another and pretty soon I have 50 more tabs open on my browser when my goal was to cut down their number at least 10.
 
lentus said:
I'm reading macro stuff and one thing leads to another and pretty soon I have 50 more tabs open on my browser when my goal was to cut down their number at least 10.
More...

check my 'trading is easy thread'... read it slowly and feel how to read the market...

but let me simplify it a little.

you are sitting at the poker table with 2 other people - SmartSam and DumbDave.
each of them can only hold 1 of 3 cards - long, flat, short;
SmartSam always make money (you want to be on his side);
DumbDave always lose money;
SmartSam also controls all the media outlets (your 50 tabs lol), but the 50 tabs can be narrowed down to 2 - bullish and bearish.

Simple enough, hopefully?
 
timely indeed
80 20.jpg



https://en.wikipedia.org/wiki/Pareto_principle

https://blog.rescuetime.com/how-to-prioritize/
 
I also think global macro is a losing proposition for the retail trader...if that's what OP is trying to do. I know it was popular 5-10 when a few sometimes-successful fund managers said it was their style. Even then, it's a vague idea that means different things to different people. The average guy trying to read 50 reports and spot macro-trends across 30 countries and industries will only face info overload. It's pretty much impossible to synthesize all of that (often conflicting) data and make a firm investment/trading decision.
 
MKTrader said:
I also think global macro is a losing proposition for the retail trader...if that's what OP is trying to do. I know it was popular 5-10 when a few sometimes-successful fund managers said it was their style. Even then, it's a vague idea that means different things to different people. The average guy trying to read 50 reports and spot macro-trends across 30 countries and industries will only face info overload. It's pretty much impossible to synthesize all of that (often conflicting) data and make a firm investment/trading decision.
More...

no doubt... and global macro only works if the information is accurate, which is the biggest IF for retail guys... as I posted before generally speaking articles (50 tabs lol) are written to fool the public, instead of to inform... it only makes sense... my pro boys have trading accounts, and they control media.. and fooling the public is only logical.
 
After so many decades, this is my conclusion :

- news are slow, at times inaccurate and nonsensical.
Accuracy of news might improve after few days

- most news are from writer's perspective

- ALMOST ALL writers failed to communicate clearly who are the target audience.
Target audience could be
> day traders
> Scalpers
> fund managers
> short term investors
> long term investors
> bankers
> kids
> general audience
> market makers
> farmers
> retiree ...
different group of people requires different types of news.
There is no such thing as ONE SIZE NEWS FIT ALL.



So NEVER NEVER NEVER read the content of the news.
It could be misleading and worst contaminate your mind.
Just read first or at most 2 lines only.
Then trade according to your charts.
 
People with information overload do not have a profitable system.

Once you find a profitable system that you KNOW works then "information overload" should end, unless of course you are a masochist in which case maybe try therapy.

But seriously, I used to have 50 tabs open too, why? I had no confidence or understanding of the systems I was learning/trading with, it wasn't until I found and understood the current system I have now that brought me the confidence to rise above the NOISE.
 
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