IQ and Trading

D

Daal

Did anyone have any data finding correlations between IQ and trading results?
I'm sure there must SOME level of influence(most likely negative but maybe positive).
In system development it may be a positive, anyone have data on this?
 
There is a ton of evidence that having a high IQ is not necessary for trading...just look at the average ET member!!! :D
 
IQ would be irrelevant because you don't need to be intelligent in every aspect of life to trade. In fact, you don't have to be intelligent at all. But generally, you only need to be able to read charts, which may require some mathematical knowledge, to trade. You can still have a very low IQ due to lack of inteligence in other areas.
 
eq was invented to make people happy that have low IQ.

personally I would like to max out in both. But as far as trading goes.


If you got a good edge you do not need brains.
 
Quote from jem:
eq was invented to make people happy that have low IQ.
More...

I wounld say it was invented, but I agree that some people use that argument to compensate their low IQ. And I dont have high IQ either but I dont try to hide that fact and pretend high IQ is worthless, because it isnt
 
Porbably helpful.

http://www.elitetrader.com/vb/showthread.php?s=&postid=161351&highlight=#post161351

Quote from rs7:

Repeating this one....I know I had it in another thread somewhere. But this seems like an appropriate venue:


Einstein is waiting on line to get into heaven.
Realizing it's a long line and can take a while, he decides to engage his fellow recently deceased companions in conversation.

Asks the guy next to him what his IQ is.
Guy says 110.
Einstein says, "cool, we can talk about women and sports".

Asks the guy in front of him what his IQ is.
Guy says 140.
Einstein says, "cool, we can play chess and discuss physics".

Asks the guy behind him what his IQ is.
Guy says 80.
Einstein says, "cool, how's the market doing?"


Peace,
:)rs7
More...
:D
 
Of course everyone would love to have good IQ and good EQ. All I was trying to say is that between good IQ/average EQ and good EQ/average IQ I'd prefer the later for trading.

Good IQ allows you to find an edge faster, perhaps. Good EQ may do that too, because the only edge is the psychology of the guy you're trading against (I think). Good EQ also helps you figure out what voices in your head are just your ego talking, and what you should listen to. It helps to keep you sticking to your plan, and stay in the business long enough to figure out an edge.

At least, the two has to be balanced in some way. I'd hate to have a lot of IQ, but not enough EQ to keep the IQ working for me.
 
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