Where do you go for new ideas? - futures io
futures io



Where do you go for new ideas?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Lornz with 5 posts (7 thanks)
    2. looks_two Gary with 4 posts (7 thanks)
    3. looks_3 Deucalion with 4 posts (9 thanks)
    4. looks_4 ThatManFromTexas with 4 posts (5 thanks)
      Best Posters
    1. looks_one jacqudy with 7 thanks per post
    2. looks_two Deucalion with 2.3 thanks per post
    3. looks_3 Gary with 1.8 thanks per post
    4. looks_4 Lornz with 1.4 thanks per post
    1. trending_up 5,659 views
    2. thumb_up 44 thanks given
    3. group 10 followers
    1. forum 28 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Where do you go for new ideas?

(login for full post details)
  #1 (permalink)
 furytrader 
Chicago, IL USA
 
Experience: Intermediate
Platform: MultiCharts + CTS T4
Broker: Advantage Futures, IQFeed.net
Trading: YM, ES, EU, US, S
 
furytrader's Avatar
 
Posts: 153 since Jun 2011
Thanks: 109 given, 146 received

I'm not sure whether this fits into the category of "Trader Psychology" but, honestly, I couldn't find another place to put it.

I feel like I've hit a dry patch in my research efforts. So, here's my question: what are your best sources of trading ideas - that is, where do you get inspiration for new trading strategies? The market is the number one place, but I'm wondering if anyone else has any preferred books, magazines, websites, etc.

Thanks!

Started this thread Reply With Quote
The following user says Thank You to furytrader for this post:

Can you help answer these questions
from other members on futures io?
EasyLanguage: fetch option price using Stock ticker
EasyLanguage Programming
AutoTrendHforRad indicator in a strategy "direction …
NinjaTrader
need help writing easylanguage radarscreen weekly perfor …
EasyLanguage Programming
Need help with strategy PriceActionSwingPro
NinjaTrader
NT8 connectivity by FXI API to unsupported brokers?
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Crude Dude Oil Trading System
77 thanks
Spoo-nalysis ES e-mini futures S&P 500
68 thanks
I finally blew up an account
55 thanks
FIO Journal Challenge - April 2021 w/Jigsaw Trading
38 thanks
The tiyfTradePlanFactory indicator
21 thanks
 
(login for full post details)
  #3 (permalink)
 Gary 
Near Dallas, Texas, US
 
Experience: Advanced
Platform: NinjaTrader
Broker: ZenFire
Trading: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
Thanks: 502 given, 2,234 received



furytrader View Post
I'm not sure whether this fits into the category of "Trader Psychology" but, honestly, I couldn't find another place to put it.

I feel like I've hit a dry patch in my research efforts. So, here's my question: what are your best sources of trading ideas - that is, where do you get inspiration for new trading strategies? The market is the number one place, but I'm wondering if anyone else has any preferred books, magazines, websites, etc.

Thanks!

Early on, I got most of my new ideas from other traders. Some experienced, some newbies. Some simply mentioning an instrument they liked and showing me a chart or two. This could often spawn a new perspective for me or help me choose an instrument or time frame which better suited my personality. Reading other trader's blogs, journals, charts, and information on why they took the trades they did all helped me create my trading plan. There are plenty of all of those things here.

I will share my chart for today, in hopes it could potentially help you with a new thought/idea:


Keep searching, and then once you have something which 'fits you', stick with it.

Gary

As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Gary for this post:
 
(login for full post details)
  #4 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,077 since Jun 2009
Thanks: 32,543 given, 98,517 received

I would suggest you avoid searching for new strategies or methodologies.

Instead, you should likely be focusing on discipline, risk, trade management, psychology, crowd behavior, and in short -- yourself. Mastering these is where majority of traders fail. You can have the best system in the world, and still fail miserably if you cannot master these traits.

In the "Highly recommended books" thread you will find many good recommendations for books on these subjects.

So my general advice is not to go looking for methodology books, or blogs or websites that claim to teach methodologies.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #5 (permalink)
 Sunil P 
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
 
Sunil P's Avatar
 
Posts: 292 since Jan 2012

nailed it.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #6 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,337 received

I listen to everyone... I disregard 99.9% of what they say .... but I listen to everyone....

Even a blind hawg finds an acorn occassionally... TMFT

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following user says Thank You to ThatManFromTexas for this post:
 
(login for full post details)
  #7 (permalink)
 Gary 
Near Dallas, Texas, US
 
Experience: Advanced
Platform: NinjaTrader
Broker: ZenFire
Trading: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
Thanks: 502 given, 2,234 received


Big Mike View Post
I would suggest you avoid searching for new strategies or methodologies.

Instead, you should likely be focusing on discipline, risk, trade management, psychology, crowd behavior, and in short -- yourself. Mastering these is where majority of traders fail. You can have the best system in the world, and still fail miserably if you cannot master these traits.

In the "Highly recommended books" thread you will find many good recommendations for books on these subjects.

So my general advice is not to go looking for methodology books, or blogs or websites that claim to teach methodologies.

Mike

I agree the psychology factors are the most important aspect in making a consistently profitable trader, but before you have a chance to put the "psychology" to the test, you have to have a system of some sort. You need to know what instrument, time frame, and basic rules you will be using to develop your edge. Once you create a system using this edge, building confidence in it thru statistics, journal, back-testing, and SIM trading, then you are ready to put the psychology factors to the test.

Yes, you need to have an idea on what common pitfalls traders run up against, which primarily come from fear in my opinion. Fear is from lack of confidence. Lack of confidence is in failing to do all of the above and more. You need to know what other issues WILL come up when you start trading live. Things such as greed, the physiology of what takes place when you are under stress, how you will filter information during these times, why you will continue to make the same mistakes over and over, etc.

So, I think the two will go hand in hand, but to say that you need to master yourself before you start developing a system, well.. I don't think it is possible. The only way to truly master the psychological issues which come up are to hit them head on, and work your way thru them, while they are occuring. Before you can put them to the test, you must have a method, which comes from reading, learning, listening, playing, trial and error, etc.

From a quote from my thread from almost 3 years ago, I still believe:

"I believe I have to have my own unique and specific system for it to work for me for any period of time. I cannot take someone else's method and make it work for me consistently.

The mind game, discipline, and money management are keys to me making money. The indicators help me visualize price action, and help make me alert, in various ways, but none of these will guarantee me a consistently profitable system.


You can SIM trade until you are blue in the face, but this will only get you so far. I believe pain is a great teacher, and until you experience the pain of losing real money, you're only half way there."


@ ThatManFromTexas : At some point in your trading career, you listened to someone, maybe many someones, and let them influence you in some way, maybe even in a very small way, possibly even subconsciously. It would be impossible to truly disregard 99.9% of what they are saying, once you have heard or read it.

Of course, everyone is different, and this is just my opinion, which cannot be 100% disregarded if you read it.

Gary

As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to Gary for this post:
 
(login for full post details)
  #8 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,337 received


Gary View Post
I agree the psychology factors are the most important aspect in making a consistently profitable trader, but before you have a chance to put the "psychology" to the test, you have to have a system of some sort. You need to know what instrument, time frame, and basic rules you will be using to develop your edge. Once you create a system using this edge, building confidence in it thru statistics, journal, back-testing, and SIM trading, then you are ready to put the psychology factors to the test.

Yes, you need to have an idea on what common pitfalls traders run up against, which primarily come from fear in my opinion. Fear is from lack of confidence. Lack of confidence is in failing to do all of the above and more. You need to know what other issues WILL come up when you start trading live. Things such as greed, the physiology of what takes place when you are under stress, how you will filter information during these times, why you will continue to make the same mistakes over and over, etc.

So, I think the two will go hand in hand, but to say that you need to master yourself before you start developing a system, well.. I don't think it is possible. The only way to truly master the psychological issues which come up are to hit them head on, and work your way thru them, while they are occuring. Before you can put them to the test, you must have a method, which comes from reading, learning, listening, playing, trial and error, etc.

From a quote from my thread from almost 3 years ago, I still believe:

"I believe I have to have my own unique and specific system for it to work for me for any period of time. I cannot take someone else's method and make it work for me consistently.

The mind game, discipline, and money management are keys to me making money. The indicators help me visualize price action, and help make me alert, in various ways, but none of these will guarantee me a consistently profitable system.


You can SIM trade until you are blue in the face, but this will only get you so far. I believe pain is a great teacher, and until you experience the pain of losing real money, you're only half way there."


@ ThatManFromTexas : At some point in your trading career, you listened to someone, maybe many someones, and let them influence you in some way, maybe even in a very small way, possibly even subconsciously. It would be impossible to truly disregard 99.9% of what they are saying, once you have heard or read it.

Of course, everyone is different, and this is just my opinion, which cannot be 100% disregarded if you read it.

Gary

Did you say something.....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
 
(login for full post details)
  #9 (permalink)
 Gary 
Near Dallas, Texas, US
 
Experience: Advanced
Platform: NinjaTrader
Broker: ZenFire
Trading: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
Thanks: 502 given, 2,234 received


ThatManFromTexas View Post
Did you say something.....



LOL... Probably nothing that someone with your level of experience would benefit from...


As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #10 (permalink)
 Surly 
denver, colorado
 
Experience: Intermediate
Platform: NT
Trading: ZS
 
Surly's Avatar
 
Posts: 704 since Mar 2011
Thanks: 628 given, 1,258 received



Gary View Post
I agree the psychology factors are the most important aspect in making a consistently profitable trader, but before you have a chance to put the "psychology" to the test, you have to have a system of some sort. You need to know what instrument, time frame, and basic rules you will be using to develop your edge. Once you create a system using this edge, building confidence in it thru statistics, journal, back-testing, and SIM trading, then you are ready to put the psychology factors to the test.
Gary

Agree. Don't put the cart before the horse - develop a consistent approach that is profitable in SIM then go live and begin the difficult work on the gap between your results in SIM vs your results trading live. This "gap" is probably 99% psychological as Mike continually (and correctly) preaches. Also - be wary of the tricks you will play with yourself that make your SIM trading results seem better than they are - you have to be very disciplined to ensure your results in SIM are real and correspond to appropriate trade frequency and sizing based on how much risk capital you have.

As for new trade ideas - once you begin to understand how the markets work you're really only going to take 3 kinds of trades: 1. with trend continuation trades, 2. breakout trades, and 3. reversal trades. All trades are essentially permutations of these 3 types. If you've mastered one in all its permutations, move on to the next... If you haven't mastered all the permutations, keep working on identifying and mastering them.

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Surly for this post:
 
(login for full post details)
  #11 (permalink)
 asynchronous 
Austin Texas/USA
 
Experience: Advanced
Platform: Proprietary Trading App
Broker: Advantage Futures
Trading: ES
 
Posts: 50 since Dec 2011
Thanks: 17 given, 93 received

So,... You Want New Ideas,....

.....Consider doing the following;

Pick a time-frame/chart and attempt to explain why the markets do what they are doing.

I am a short term trader (1-10 seconds scalp), so I look for the reasons that cause short term price movement to occur - either bar by bar or to qualify a brief trend.

For the past 7 weeks I have been trying to answer the question "Why" - and I can tell you this, the markets are not (usually) efficient, nor are they (usually) chaotic and they are rarely random. Future price movement happens for a very good (and apparently quantifiable) reason.

(I may end up eating my words after I complete my study)

As I begin to understand the market's dynamics - I design ways to measure and qualify what I see, otherwise I am prone to seeing things that are not really there - that is why developing tools to test a hypothesis is critical (for every 5 hypothesis I develop, 4 fail)

So, You want new ideas - then consider scraping your current indicators (maybe even your trading system) - and try to explain what you see (its OK to go off the deep end (a little insanity can go a long way) - just be able to pull yourself back to reality).

Tip
One of my favorite books is "New Concepts in Technical Trading System" by J. Welles Wilder Jr.

Wilder was a mechanical engineer that used his skills to analyze and explain market events. I read his book, not only to understand what he developed but to get a glimpse into how he solved problems.



I know this suggestion probably sounds crazy, but most of the exceptional traders I am familiar with have done this (or they are just damn lucky).

Then again, maybe I am just

,...Gustav

Reply With Quote
The following 3 users say Thank You to asynchronous for this post:
 
(login for full post details)
  #12 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,337 received


Gary View Post


LOL... Probably nothing that someone with your level of experience would benefit from...


@Gary

Actually ... with my loss of hearing... I miss most of what people say ... and misunderstand the
rest....

At my last job as a Walmart Greeter.... a woman asked where to find Tampax that were on sale... I thought she said Thumb tacks... so I asked her if she wanted the kind you push in with your thumb or drive in with a hammer... awkward...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following 3 users say Thank You to ThatManFromTexas for this post:
 
(login for full post details)
  #13 (permalink)
 Sunil P 
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
 
Sunil P's Avatar
 
Posts: 292 since Jan 2012

She then said it Depends on the time of month.

TMFT: Ya we got those too,same aisle.





PLease lock me up!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #14 (permalink)
 Gary 
Near Dallas, Texas, US
 
Experience: Advanced
Platform: NinjaTrader
Broker: ZenFire
Trading: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
Thanks: 502 given, 2,234 received


ThatManFromTexas View Post
@ Gary

Actually ... with my loss of hearing... I miss most of what people say ... and misunderstand the
rest....

At my last job as a Walmart Greeter.... a woman asked where to find Tampax that were on sale... I thought she said Thumb tacks... so I asked her if she wanted the kind you push in with your thumb or drive in with a hammer... awkward...

I can always count on your for a laugh.

So, you never finished the story... What was her response to your question?

As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #15 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,337 received


Gary View Post
I can always count on your for a laugh.

So, you never finished the story... What was her response to your question?

She said something... but I was like ...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following user says Thank You to ThatManFromTexas for this post:
 
(login for full post details)
  #16 (permalink)
 jacqudy 
New York, NY USA
 
Experience: Intermediate
Platform: looking for the next one
Broker: AMP/CQG
Trading: anything that moves
 
Posts: 14 since Oct 2011
Thanks: 34 given, 19 received


furytrader View Post
what are your best sources of trading ideas - that is, where do you get inspiration for new trading strategies?

There have been some great suggestions in this thread thus far. I agree with Mike's idea about not jumping from methodology to methodology. But to Gary's point, if you don't already have a strat/method/edge that works for you, that has got to be the place to start. Without a solid, written set of ground rules and a short list of basic strategies, you'll never get off the ground. Granted it's a bit of a catch-22 - how do you know what works if you don't try several things. But to get any traction in trading you have to settle on one or two strats that you've seen work, that feel right to you - that you can wrap your brain around for the instrument(s) and timeframe(s) you want to trade. Then, as Mike says, you've got to hammer on these to tackle the psych/emotional/discipline factors.

I got some inspiration on this topic from Brett Steenbarger's "The Daily Trading Coach." He suggests something along the lines of what @asynchronous is saying: choose an instrument; make some observations or come up with some basic questions/hypotheses about price movement or reaction to levels. Then vet these hypotheses using historical data. The goal is to look for definitive regularity. You're not looking for needles in a haystack you're looking for trends.

I kicked off my efforts with some basic studies of TF. I trade with a few people who get together almost every day and trade the TF exclusively. Over time it became apparent that TF bounces frequently off the prior globex session high level. Using off the shelf tools (Excel and Access) and a 6 year dump of 5 min candlesticks, I did some digging and came up with some pretty basic but compelling information that has helped my trading. Shortly after diving in we determined that TF hits its globex high 72% of the time. That's huge. That's probability I can take to the bank - that I can begin to build some rules around.

Some other stats: Those days that TF hit globex high, it opened an average of 2.9 points below it (long bias?). Those days it didn't hit, it opened up an average of 6.3 points below it (short bias?).

I went on from there to look for other high probability occurrences and began to come up with more questions: what happens after price hits the globex high? Does it bounce and reverse or does it blast through? When it bounces, what's the average travel after 10 minutes? 1st reversal? 2nd reversal, etc. You get the picture.

Once I'm done with globex high, I'll move on to g-low, PP, S1,2,3 and R1,2,3, and other studies. After that, same studies, other instruments.

Tip
Ideas >> hypotheses >> data mining >> high probability occurrences >> strategy development >> backtesting >> sim testing >> testing the waters live



Anyway, lengthy post but I hope it helps. I posted some early results here:


Am happy to share findings and data files.

Reply With Quote
The following 7 users say Thank You to jacqudy for this post:
 
(login for full post details)
  #17 (permalink)
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009

New ideas...I'd like to work on old ideas....BM said it well, the point of this thread is skewed. "New ideas" must not be changing charts or new markets or new time frames (but, traders are on different steps....those closer to step 38 have different priorities than those leaving the station).....

The evolution is in my mind, keeping in mind my 2012 goals, efforts for this year are to find a simple way to sharpen my edge...my focus and subconscious skills.....

Tuning my intuition is priority #1, TigerTrader had a good link in one on this posts...traderhabits.com. I am intrigued by Luminosity's cognitive training approach, I am studying their research........this stuff tickles my curiosity meter to 11...

The structured traning approach to unlock your mind...sounds grand....Luminosity's paid memebrship is cheap enough....and it seems credible enough a warrant a serious read....we'll see if this has any meat or is just a bunch of big words (like everything else)


Edit - in seemingly unrelated material, just remembered reading about Montgomery and Rommel's cat and mouse dance in Northern Africa in WWII reiterates the pertinence of mind games in seemingly unequal competitive endeavors.

Reply With Quote
 
(login for full post details)
  #18 (permalink)
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010


Deucalion View Post
Tuning my intuition is priority #1, TigerTrader had a good link in one on this posts...traderhabits.com. I am intrigued by Luminosity's cognitive training approach, I am studying their research........this stuff tickles my curiosity meter to 11...

The structured traning approach to unlock your mind...sounds grand....Luminosity's paid memebrship is cheap enough....and it seems credible enough a warrant a serious read....we'll see if this has any meat or is just a bunch of big words (like everything else)

I've used Lumosity for about 15 months and I quite like it. I just use it to "exercise" my working memory and improve my concentration. You won't "unlock your mind", but it will make it feel sharper. Some of the exercises made my brain hurt when I first started, but now they are routine.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #19 (permalink)
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009


Lornz View Post
I've used Lumosity for about 15 months and I quite like it. I just use it to "exercise" my working memory and improve my concentration. You won't "unlock your mind", but it will make it feel sharper. Some of the exercises made my brain hurt when I first started, but now they are routine.

The other thing that this indirectly links to is the function of dopamine (and in an opposing manner seratonin) in performnce endeavors. The pathways that generate elevated neural performance in a naturally generated fashion (rather than by drugs or supplements). And this of course leads to lifestsyle and food and all that good stuff......

From what I have read, and on a purely layman basis, it seems activities that generate naturally elevated levels of dopamine can be conducive to elevated trading perforemce (all other factors being equal)...being simplistic........so I have definitively found my reading material for the year.

Reply With Quote
 
(login for full post details)
  #20 (permalink)
 Massive l 
Legendary Market Wizard
Portland, OR
 
Experience: None
 
Massive l's Avatar
 
Posts: 2,012 since Mar 2011
Thanks: 1,699 given, 4,193 received

I used the search engines to study everything and
anything I could on risk/trade/money mgmt, price action, volume profile, time and sales, DOM, etc.
That is how I stumbled upon futures.io (formerly BMT).
Therefore, I came to futures.io (formerly BMT) for new ideas. Glad I did.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #21 (permalink)
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009

Further to last post.....reading more about Luminosity and brain function, as well as reading about user feedback to Luminosity programs it seems as if Luminosity is geared towards a retail side of functionality, attempting to have a bit of fun while creating innovative brain teasers while trying to exercise your brain muscles. Is the concept the same as physical exercise? - stimulate your brain and make it sharper.

However, as one reads more...and about the programs developed by more serious efforts ( Mind Sparke, CogniFit and Posit Science)...it seems that the latter 3 are geared towards actually trying to see if cognitive skills and not just be re-ignited but actually be made better by taking your brain out if it's "comfort" zones.

CogniFit's programs seems a "lot" more serious and less "fun" gearing towards actual brain neural activity. To me, from what i have read so far, it looks like sharper, more developed cognitive faculites would play a bigger role in trading than, for example, the "fun" oriented brain games that Luminosity is providing.

I am planning to track my progress in a blog or journal or some sort that one of these programs will have. Not sure which one, but it seems so far it will be either CogniFit or Posit Science. And see what comes of it.

I am convinced some thing quantum can be gained here in terms of trading performnce. Nedd to be sure of focusing effort towards a productive simple task based program.

Forward..

Reply With Quote
 
(login for full post details)
  #22 (permalink)
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010


Deucalion View Post
The other thing that this indirectly links to is the function of dopamine (and in an opposing manner seratonin) in performnce endeavors. The pathways that generate elevated neural performance in a naturally generated fashion (rather than by drugs or supplements). And this of course leads to lifestsyle and food and all that good stuff......

From what I have read, and on a purely layman basis, it seems activities that generate naturally elevated levels of dopamine can be conducive to elevated trading perforemce (all other factors being equal)...being simplistic........so I have definitively found my reading material for the year.

Don't forget to exercise. Running may induce neurogenesis:

Running increases cell proliferation and neurogenesis in the adult mouse dentate gyrus - Nature Neuroscience / https://www.nature.com/neuro/journal/v2/n3/pdf/nn0399_266.pdf

How to increase serotonin in the human brain without drugs

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #23 (permalink)
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010


Deucalion View Post
Further to last post.....reading more about Luminosity and brain function, as well as reading about user feedback to Luminosity programs it seems as if Luminosity is geared towards a retail side of functionality, attempting to have a bit of fun while creating innovative brain teasers while trying to exercise your brain muscles. Is the concept the same as physical exercise? - stimulate your brain and make it sharper.

However, as one reads more...and about the programs developed by more serious efforts ( Mind Sparke, CogniFit and Posit Science)...it seems that the latter 3 are geared towards actually trying to see if cognitive skills and not just be re-ignited but actually be made better by taking your brain out if it's "comfort" zones.

CogniFit's programs seems a "lot" more serious and less "fun" gearing towards actual brain neural activity. To me, from what i have read so far, it looks like sharper, more developed cognitive faculites would play a bigger role in trading than, for example, the "fun" oriented brain games that Luminosity is providing.

I am planning to track my progress in a blog or journal or some sort that one of these programs will have. Not sure which one, but it seems so far it will be either CogniFit or Posit Science. And see what comes of it.

I am convinced some thing quantum can be gained here in terms of trading performnce. Nedd to be sure of focusing effort towards a productive simple task based program.

Forward..

I accidentally came across Lumosity over a year ago, and I haven't really investigated other options. I simply use it to keep my working memory sharp. I am also studying mathematics and computer science, while spending my spare time on philosophy, physics and neurology. My main interest is the human mind and my long-term goal is to do build an AI. Thinking about abstract matters is a good way to exercise the brain, and it is much more fun than playing games.

Neurplasticity is a very interesting concept, but I am skeptical of the value any that these services might have over doing simple exercises on one's own. There was a documentary on Canadian TV a couple of years back called "The Brain That Changes Itself".

It's funny you should use the term quantum, I think you might enjoy this book: Amazon.com: The Mind and the Brain: Neuroplasticity and the Power of Mental Force (9780060988470): Jeffrey M. Schwartz, Sharon Begley: Books

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #24 (permalink)
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009

Thanks for the reference....going to look it up when i get back....the synopsis on that book reminds me of this article a while back in Discover....of the power of "emotional" memory. When we link something to an emotional pleasurable side of the brain, our brain response is "astonishing" in their terms. Whereas, in other cases brain responses can vary between tepid to downright incorrect......something already seen in trading....we remember our victories and want to forget the bad events as soon as possible....

Unlocking the Secrets and Powers of the Brain | Mind & Brain | DISCOVER Magazine

On another note, took a preliminary test on Cognifit regrading -
Cognitive function - top 10% percentile ( nice )
Spatial Perception - bottom 30% percentile....ouch
Short term memory - downright gawddawful
Divided attention - top 6% percentile...yea baby !!
Response Time - top 40% percentile (average)

Reply With Quote
 
(login for full post details)
  #25 (permalink)
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010


Deucalion View Post
Thanks for the reference....going to look it up when i get back....the synopsis on that book reminds me of this article a while back in Discover....of the power of "emotional" memory. When we link something to an emotional pleasurable side of the brain, our brain response is "astonishing" in their terms. Whereas, in other cases brain responses can vary between tepid to downright incorrect......something already seen in trading....we remember our victories and want to forget the bad events as soon as possible....

Unlocking the Secrets and Powers of the Brain | Mind & Brain | DISCOVER Magazine

On another note, took a preliminary test on Cognifit regrading -
Cognitive function - top 10% percentile (nice)
Spatial Perception - bottom 30% percentile....ouch
Short term meory - downright gawddawful
Divided attention - top 6% percentile...yea baby !!
Response Time - top 40% percentile (average)

No PA trading for you!

Our brains are constantly playing tricks on us. Kahneman does a decent job of explaining this in layman's terms ( Amazon.com: Thinking, Fast and Slow (9780374275631): Daniel Kahneman: Books)
I am very fascinated by the study of consciousness. I immersed myself in existentialism in my younger days, but now I am more interested in the physical side of it. I'm getting PET scan done within the next few months, something I've wanted to do for years. Hopefully all of my receptors are intact!

An interesting article:
The Brain: The Mystery of Consciousness - TIME

This book is a bit dated now, but it's probably still worth reading : Amazon.com: The User Illusion: Cutting Consciousness Down to Size (Penguin Press Science) (9780140230123): Tor Norretranders: Books

This is also a fascinating take on things:
Amazon.com: On Intelligence (9780805078534): Jeff Hawkins, Sandra Blakeslee: Books

The unconscious mind is also a very interesting subject, especially the effects of psychedelics has on creativity:
LSD: The Geek's Wonder Drug?

Huxley's book changed the way I perceived reality when I was about 15. Amazon.com: The Doors of Perception (9780060801717): Aldous Huxley: Books

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #26 (permalink)
 PandaWarrior 
In the heat
 
Experience: None
 
PandaWarrior's Avatar
 
Posts: 3,163 since Mar 2010
Thanks: 6,328 given, 13,386 received


Lornz View Post
I've used Lumosity for about 15 months and I quite like it. I just use it to "exercise" my working memory and improve my concentration. You won't "unlock your mind", but it will make it feel sharper. Some of the exercises made my brain hurt when I first started, but now they are routine.

I started Lumosity tonight....seems like it might be easy enough to do daily but help with mind exercise.....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
 
(login for full post details)
  #27 (permalink)
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010


PandaWarrior View Post
I started Lumosity tonight....seems like it might be easy enough to do daily but help with mind exercise.....

Yes. it's a nice way to start the day. I feel that it sharpens my focus before I start trading. I also use the word games to improve my English vocabulary.

The Brain Shift games are particularly grueling, at least they were for me.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #28 (permalink)
iPlayGames
Tokyo Japan
 
 
Posts: 39 since Oct 2011
Thanks: 45 given, 50 received


Lornz View Post
I accidentally came across Lumosity over a year ago, and I haven't really investigated other options. I simply use it to keep my working memory sharp. I am also studying mathematics and computer science, while spending my spare time on philosophy, physics and neurology. My main interest is the human mind and my long-term goal is to do build an AI. Thinking about abstract matters is a good way to exercise the brain, and it is much more fun than playing games.

I think that is a very honorable goal. I once had the same dream but I had to give it up later, I just wasn't smart enough.

Though I still believe that mankind's future lies in the hand of AI, sooner or later society and technology will become too complex for any mortal to comprehend, to further advance our civilization we must rely on smarter means to do so. Besides, history has shown clearly that we keep repeating our errors. No matter how horrendous a mistake was, we tend to forget it in too short a time, and as a result too often had to learn the same lesson again the hard way. We have managed to survive so far, but for how much longer can we retain the same luck?

Machines do not have this problem, they don't ever forget anything, and they can remain impartial longer than any human being can ever hope to achieve. And we don't have to worry about being wiped out by them, if we could somehow program humanity into their core.

Imagine a world where nobody owns anything and yet everyone owns everything, there is no disease, no suffering, and people are free to pursue their interests to the full extent. this is heaven as I can imagine, but I can't imagine us reach such a paradise without giving up control of our society to more capable hands.

Reply With Quote
The following 2 users say Thank You to iPlayGames for this post:
 
(login for full post details)
  #29 (permalink)
 furytrader 
Chicago, IL USA
 
Experience: Intermediate
Platform: MultiCharts + CTS T4
Broker: Advantage Futures, IQFeed.net
Trading: YM, ES, EU, US, S
 
furytrader's Avatar
 
Posts: 153 since Jun 2011
Thanks: 109 given, 146 received

I think the idea of automated car driving, as a small example of AI, would be a huge benefit to most people - with hopefully fewer accidents (and attendant lower insurance costs), less traffic, better fuel consumption and more free time to be productive.

Started this thread Reply With Quote


futures io Trading Community Psychology and Money Management > Where do you go for new ideas?


Last Updated on April 9, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

The Cold Hard Truth: Maybe I Am Not Good Enough w/Chris Gray @ Earn2Trade

Elite only

HIRO Indicator by Spotgamma in Bookmap w/Brent Kochuba @ SpotGamma

Elite only

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts