| Trading the stock markets in short time frames can be | | | | have a mental schema that will allow here to trade in a |
| both an exciting and a dangerous endeavor. | | | | natural way, to receive, process and adapt to |
| High speed internet connections, an overabundance of | | | | information in an effective, routine way, and help guard |
| information, often contradictory and always open to | | | | against being overwhelmed by information. |
| subtle interpretation, and the ready availability of | | | | Here is a simple example to make this point. |
| systems and gurus to help you make sense of it all | | | | Consider trading to be like fishing. On a daily basis a |
| conspire to offer the new trader so many ways to go | | | | fisherman goes to the lake, baits the hook, casts hook |
| wrong. Making consistent, disciplined and effective | | | | and bait into the water and if she knows her business, |
| meaning out of the flood of information will lead a | | | | she will start pulling in the kinds of fish she is looking for. |
| trader to the land of consistent, disciplined and | | | | The fisherman can bait her hook, but can't really jump |
| effective profits. | | | | into the water and chase the fish onto the hook, or |
| Failure to solve the problem of information overload will | | | | force it into their mouth. |
| inevitably lead to disaster. Trading without a plan will | | | | That would be very much like a once-disciplined trader |
| eventually and certainly lead to disappointment. | | | | who is frustrated and tries to make the market |
| Cognitive scientists and psychologist have identified the | | | | perform in a certain way. If you are a frustrated band |
| ability to reason through the use of metaphor and | | | | trader, you shouldn't be tempted, in the moment, to |
| analogies as one of the most powerful tools in our | | | | chase breakouts. Remember sometimes the fish just |
| mental kitbag. A powerful, compelling metaphor can | | | | aren't biting. |
| help a trader adopt and adapt a set of profitable | | | | Play your odds, don't fall into the lake, know your fish, |
| behaviors that can lead to survival and then profit in all | | | | bait your hook properly. |
| market conditions. | | | | Choose your metaphors wisely trader! |
| If a trader can adopt a satisfying metaphor, she will | | | | |