Market Overanalysis Is Detrimental To Success

The more discretionary and quant traders try to analyze market price action, the higher the chances of failure. This may sound counter-intuitive because it contradicts the common belief that the more one tries to achieve a goal, the higher the chances of success. But this is not how things work in the markets. Confirmation bias is a primary cause of failure of discretionary traders. Data-mining bias is a primary cause of failure of quant traders.