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.
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.
You donít trade the markets; you only trade your beliefs about the markets.
- Van K Tharp
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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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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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Will you start a new thread in the psychology section specifically for this biofeedback device and share more info please.
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