Many traders suffer from too much analysis.
They look at so many things that they can no longer see straight. When you end up over-analyzing the trade or the security that you want to trade, you eventually end up not trading at all, not because the trade was good or bad, but simply because you just don’t know what to make of it.
While on one hand it is good practice to look at all the possible angles of trading, it is definitely a problem when one begins to over-analyze things. When it comes to trading, it’s important to have a clearly defined trading plan. Continue reading Key to successful trading – Avoid analysis paralysis!