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Sure, I'm looking for a promotion code before purchasing. When someone sees the word "Enter promotion code", and they don't have one, doesn't everyone open a new tab and start googling for one?
Before we get carried away with newly popular terms like brain training, n-feedback, cognitive skills blah blah...let's get grounded.....and not kid ourselves into thinking how smart we are all are....
High IQ does not translate into being a better trader. EQ is arguably as important (if not more) in trading. IQ is a old concept based on standardized tests, these tests and standards are being questioned today as far pragmatic application is concerned.
AS usual, this is not new - but viewing the forest for the trees, so to speak, is critical.......n-feedback is a concept that suggests much more than a simple increase in IQ, which is why (to me) IQ gains are not critical (important but not the end all and be all).
Of course it doesn't. But I have yet to see a trader who would be helped by low IQ. The successful traders I have met over the years (yes, it is a small sample) had generally IQs at least 120.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
I should add that memory is exceptionally important for a trader. Otherwise, your screen time is a waste, you're just not absorbing, not learning with experience. Same goes for focus. Without focus, your trading will be all over and you will not be able to make quality decisions at crucial times (like just before entry).
Disciplines like n-backing seem to be excellent at training both.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
This thread inspired me to start taking mensa intelligence tests [COLOR=#0066cc]http://mensa-test.com/[/COLOR]
Took me 50 minutes to get 18/33 on part one - then I started cheating. SOB... one short of genius.
I got:
1, 2, 3 (took me forever), 10, 11, 13, 15 (took me forever), 16, 18, 20-27, 32
I haven't done those kinds of exercises in a long time, but I remember how my brain used to hurt. You can actually feel that it's getting good workout. The main problem is that it's so hard that many give up. Thankfully I have OCD and couldn't quit until I mastered it!
After I started studying again, I simply haven't had the time. But, studying math is a great exercise in itself!
Absolutely! Trading is about recognizing context. It might be better to be have above average intelligence and exceptional memory than a genius with poorer memory functions. That being said, IQ and memory is closely linked in most individuals.
The few traders I know are also quite bright. I think a problem with trading is that there are virtually no barriers to entry, which is probably why the failure rate is so high.
That being said, it may also be a question of time. I don't want to put anybody down, and I encourage everybody to prove me wrong, of course.
I'm not fond of IQ as a measurement, but it is highly correlated with good pattern recognition skills.