Information Overload no good

[eririoma]

Many of today's traders use multiple monitors in order to display several charts and order entry windows. Even if six monitors are used, it should not be considered a green light to devote every square inch of screen space to technical indicators. Information overload occurs when a trader attempts to interpret so much data that all of it essentially becomes lost. Some people refer to this as analysis paralysis; if too much information is presented, the trader will likely be left unable to respond. One method of avoiding information overload is to eliminate any extraneous indicators from a workspace; if you're not using it, lose it—this will help cut down on clutter. Traders can also review charts to confirm that they are not being encumbered by multicollinearity; if multiple indicators of the same type are present on the same chart, one or more indicator can be removed.