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iqGod's Own Country


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Updated April 29th 2016 by iqgod
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iqGod's Own Country

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  #61 (permalink)
PTA, Gauteng
 
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iqgod View Post

Interesting to see you're using biofeedback. I've been quite interested in it, and specifically in emWave. But for the price tag, im not sure yet about getting it.

What are your thoughts on it? Has it been beneficial?

Does it interfere with your concentration on the markets? In other words, can you just leave it on and then analyse the results later,...leaving you to focus on the markets?

Sometimes when im about to enter a trade I can literally feel my heart beating so much it's like it's going to jump out of my chest. However 10mins prior,...all was well and good.

I see you're in India. Did you order through the emWave website?

Thanks.

edit: I've had a brief look around and it seems emWave is the way to go. Not many other options?

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  #62 (permalink)
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DarkPoolTrading View Post
Interesting to see you're using biofeedback. I've been quite interested in it, and specifically in emWave. But for the price tag, im not sure yet about getting it.

What are your thoughts on it? Has it been beneficial?

Does it interfere with your concentration on the markets? In other words, can you just leave it on and then analyse the results later,...leaving you to focus on the markets?

Sometimes when im about to enter a trade I can literally feel my heart beating so much it's like it's going to jump out of my chest. However 10mins prior,...all was well and good.

I see you're in India. Did you order through the emWave website?

Thanks.

edit: I've had a brief look around and it seems emWave is the way to go. Not many other options?


I have only used emWave2 so would not be able to compare and contrast.

I ordered it via Amazon.com and yes the price tag is steep for what it is.

It should only really be used as a part of a 'mindfulness framework' - but I find it distracting and it DOES interfere with the trading. Hence I use it only when I realize I am on TILT or when a string of losers are eroding my confidence, when I have taken a 'break' from the screen. Not what you wanted to hear, but it is mostly because the interface is 'inverted' - it beeps happily when you are in 'The Zone' making it intrusive. I wanted reverse - it should make noises only when I am in red and need to get back into the zone (at those times it stays silent).

Black Friday sometimes sees these being sold for $99 - I would recommend grabbing one at that price or lower, not at the marked up ones.

Watch out for such deals as this one (I had missed it then and paid the marked up price!)
$99 for an emWave2 Stress-Relief Device ($229 List Price). Free Shipping

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  #63 (permalink)
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iqgod View Post
I have only used emWave2 so would not be able to compare and contrast.

I ordered it via Amazon.com and yes the price tag is steep for what it is.

It should only really be used as a part of a 'mindfulness framework' - but I find it distracting and it DOES interfere with the trading. Hence I use it only when I realize I am on TILT or when a string of losers are eroding my confidence, when I have taken a 'break' from the screen. Not what you wanted to hear, but it is mostly because the interface is 'inverted' - it beeps happily when you are in 'The Zone' making it intrusive. I wanted reverse - it should make noises only when I am in red and need to get back into the zone (at those times it stays silent).

Black Friday sometimes sees these being sold for $99 - I would recommend grabbing one at that price or lower, not at the marked up ones.

Watch out for such deals as this one (I had missed it then and paid the marked up price!)
$99 for an emWave2 Stress-Relief Device ($229 List Price). Free Shipping

Interesting. I try to monitor my mental state myself, but of course, then I'm often using a flawed instrument: my own mental state .

I can see the point of mindfulness in this context. I think I will continue without external assistance, but it is interesting that something like this is available.

Bob.

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  #64 (permalink)
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iqgod View Post
I have only used emWave2 so would not be able to compare and contrast.

I ordered it via Amazon.com and yes the price tag is steep for what it is.

It should only really be used as a part of a 'mindfulness framework' - but I find it distracting and it DOES interfere with the trading. Hence I use it only when I realize I am on TILT or when a string of losers are eroding my confidence, when I have taken a 'break' from the screen. Not what you wanted to hear, but it is mostly because the interface is 'inverted' - it beeps happily when you are in 'The Zone' making it intrusive. I wanted reverse - it should make noises only when I am in red and need to get back into the zone (at those times it stays silent).

Black Friday sometimes sees these being sold for $99 - I would recommend grabbing one at that price or lower, not at the marked up ones.

Watch out for such deals as this one (I had missed it then and paid the marked up price!)
$99 for an emWave2 Stress-Relief Device ($229 List Price). Free Shipping

Thanks for the info,

Being distracted is what I was concerned about. I agree that it would make more sense for it to be quiet while you're in the 'zone',....then start beeping or something when stress rises.

Still something im interested in though, so ill keep an eye out for some special prices.

Thanks.

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  #65 (permalink)
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bobwest View Post
Interesting. I try to monitor my mental state myself, but of course, then I'm often using a flawed instrument: my own mental state .

I can see the point of mindfulness in this context. I think I will continue without external assistance, but it is interesting that something like this is available.

Bob.

@bobwest,

Biofeedback is becoming more and more prevalent in trading. World class trading psychologists like Dr Brett Steenbarger and Andrew Menaker recommend biofeedback. I think Steenbarger mentioned it in his recent webinar on futures.io (formerly BMT) if im not mistaken.

Of course nothing wrong with monitoring it yourself. But for those of us who like statistics, biofeedback appeals so you can track your progress over weeks, months etc. But on the other hand,...it could just as easily be a gimmick with no real benefit.

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  #66 (permalink)
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DarkPoolTrading View Post
@bobwest,

Of course nothing wrong with monitoring it yourself. But for those of us who like statistics, biofeedback appeals so you can track your progress over weeks, months etc.

Yes, this would be the appeal: it's not myself doing the monitoring, so it's an independent reference point, and it's trackable over time.

I'll keep an open mind. It will be interesting to see how it works out over time.

Bob.

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  #67 (permalink)
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Biofeedback aside, are you trying to pass the combine, or just using it as a training tool?

Because if you want to pass it, your daily goal target is way below the needed ($250 or even more adjusted for losing days), so you need to start to make more in the daily base thus you don't start swinging it in the last 2-3 days.

I guess the continuous Combine is more likely your cup of tea, but be aware that the LTP rules haven't changed so you should try to trade according to those.

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  #68 (permalink)
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Pedro40 View Post
Biofeedback aside, are you trying to pass the combine, or just using it as a training tool?

Because if you want to pass it, your daily goal target is way below the needed ($250 or even more adjusted for losing days), so you need to start to make more in the daily base thus you don't start swinging it in the last 2-3 days.

I guess the continuous Combine is more likely your cup of tea, but be aware that the LTP rules haven't changed so you should try to trade according to those.

That is an interesting question.

The plain fact is I hesitate to allow a trade to reach its logical conclusion.

I have a high win rate, but at what cost? The profits are smaller than will allow me to pass. Actually I could have three two lot winners of 10-ticks and could be easily on my way to reach the profit target.

Another issue is the lack of time. I trade for two hours and am done (some outlier days it goes up to 9 hours).

So it boils down to changing habits.

Thanks for bringing this up, I guess it had got lost beyond words.

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  #69 (permalink)
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iqgod View Post

Will you start a new thread in the psychology section specifically for this biofeedback device and share more info please.

Mike

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  #70 (permalink)
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Big Mike View Post
Will you start a new thread in the psychology section specifically for this biofeedback device and share more info please.

Mike

Yes, I will do that.

Thanks!

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