Did you know that if someone presents you with 12 cars to choose from that the odds of you buying any car at all plummet? In contrast, if they reduce the number of choices to 4, chances are you will sign on the dotted line. Maybe you did and maybe you didn't but what has it got to do with trading?

- CHOICE OVERLOAD! And choice overload is what most traders have on their charts, in their plan and unfortunately in their head when decision time comes.

The brain simply gets overwhelmed - and when you have too many pieces of data on your charts... the same thing can easily happen. Think about it - what is the total number of combinations of discreet elements that can be created from the info you are looking at?

Now... you can make the argument that the choice is always to buy or sell but is it really? Isn't it to buy or sell or get out now or get out later or move your stop or not move your stop or... the NQ says this.. and the $TICK says that... Again, how many combos?

Single best tip - pare it down and simplify. More info doesn't make your trade more likely to work it makes you less able to make a good decision! In other words, it ironically does the exact opposite of what you expect ... it lowers your confidence!

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