Why traders who trade on news are Bound to fail in long run.

The professional trader knows how to process multiple inputs, yet remains calm and decisive. In this age of information and technology there is zillions of information going round  it’s easy to experience information overload. If you try to process and digest more information than you can handle, you’ll experience frustration and anxiety.

If you aren’t careful, you may get so overwhelmed that you will be dazed and confused, so confused that you can’t focus on developing a viable trading plan. It’s crucial that you reduce the strain and trade decisively.
In the information age, it’s tempting to believe that if we could just process every possible piece of information, we could find the ultimate trading plan. This belief goes back decades to the time when fundamental analysts tried to discover undervalued stocks. These days, there’s a new version of this belief that the Holy Grail lies in the ability to discover secret information: If we could just find a novel indicator or signal, we could anticipate the masses and sell before the trend turns. If we could just analyze and digest every single piece of information at our disposal, we could develop the ultimate trading plan and win big.

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