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Lumosity
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Lumosity

  #21 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,577 since Jun 2009
Thanks: 29,649 given, 85,148 received

OK so I decided to try it. Here is after my first session.

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It seems I have a problem with ..... Ooo shiny! What was I saying again??

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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  #22 (permalink)
Elite Member
Prague (temporary)
 
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Anagami's Avatar
 
Posts: 732 since Dec 2010
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Big Mike View Post
OK so I decided to try it. Here is after my first session.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


It seems I have a problem with ..... Ooo shiny! What was I saying again??

Mike

Hey @Big Mike,
you can fish out Flexibility and Problem Solving games to get a more complete profile (all 5 games).

When you get tired of that, get Brain Workshop and give n-backing a throw.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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  #23 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,577 since Jun 2009
Thanks: 29,649 given, 85,148 received



Anagami View Post
Hey @Big Mike,
you can fish out Flexibility and Problem Solving games to get a more complete profile (all 5 games).

When you get tired of that, get Brain Workshop and give n-backing a throw.

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?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #24 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,577 since Jun 2009
Thanks: 29,649 given, 85,148 received


Big Mike View Post
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?

Mike

Looks like "GLOWING" for 20% off...

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #25 (permalink)
Elite Member
Prague (temporary)
 
Futures Experience: Advanced
Platform: Custom
Favorite Futures: ES / ZB / ZN / ZF
 
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Posts: 732 since Dec 2010
Thanks: 487 given, 1,491 received


Big Mike View Post
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?

Mike

Brain Workshop is free.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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  #26 (permalink)
Banned: User asked to be banned
Calgary, Canada
 
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Posts: 430 since Aug 2009
Thanks: 103 given, 1,208 received

This one might get hatemail -

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).

The concept of brain elasticity is....more!
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Last edited by Deucalion; April 12th, 2012 at 08:10 PM.
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  #27 (permalink)
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Deucalion View Post

High IQ does not translate into being a better trader.

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.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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  #28 (permalink)
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Platform: Custom
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Posts: 732 since Dec 2010
Thanks: 487 given, 1,491 received

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.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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  #29 (permalink)
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This thread inspired me to start taking mensa intelligence tests http://mensa-test.com/
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

Thanks for the heas up on lumosity.

"Be right and sit tight." - Jesse Livermore
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  #30 (permalink)
Membership Revoked
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Anagami View Post
After reading Lorenz's post, I decided to give n-backing a try. It has "guaranteed" gains in memory, IQ...etc.

Anyway, I find it awesome. After 36 hrs (and about 130 games), I'm on Dual 3-Back (position and color). It's definitely doing something. The head feels funny (no jokes please ), I see things sharper. I looked at the market today and it felt clearer (the trend off the open might have something to do with it ). When I lied down yesterday after a session, I heard a soft hum in the back of my mind that I didn't recognize before.

Anyways, it's a very short time period.... looking forward to see where it takes me.

I'm glad to hear that!

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!


Anagami View Post
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.

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.



Anagami View Post
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.

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.

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