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Super Trader, Expanded Edition: Make Consistent Profits in Good and Bad Markets, 2nd Edition by Van Tharp

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PART 5:REDUCING MISTAKES AND USING OTHER WAYS TO MAKE MORE CONSISTENT PROFITS

Mistake-Free Trading

As I’ve mentioned, we have a limited capacity for processing information. In fact, consciously we can hold seven (plus or minus two) chunks of information. That number is reduced dramatically under stress, when blood flow is diverted from the brain to the major muscles of the body to deal with approaching danger. In today’s world, the danger is usually mental, and being able to run faster or perform feats of strength doesn’t help us deal with trading dangers.

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You Can Juggle Only So Much Information

Every year the total amount of information we ...

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