Superior intellect - is that enough?

Trading is 80% psychology (balls and such) and 20% brains.

Most successfull traders are former athletes...

So in short to the OP's question: no, you do't need high intellect, you need brass balls and stamina....

P.S.: Eric Bollinger is god..... :)
 
So are you saying that great video game players do not make great athletes or that great athletes do not make good video game players? The coordination required in a video game is similiar to that when playing baseball or football. The only difference here is that football or baseball players work in a team based environment where as a video game player usually works solo. There are, of course, other attributes that make a good video game or athlete, but we are speaking in terms of reflexes.

The attributes of working in an institution or on a huge trading floor favor the team based model so guys like Eric Bolling are naturals.

In fighting sports reflexes are not needed??? You mean to tell me that Mike Tyson or Ali had absolutely no reflexes, no hand to eye coordination and didnt need them???

You stated that I am "another genius", but to state that professional fighting sports do not require reflexes is simply, well, dumb.

Quote from Hydroblunt:

It's ok, you already said enough to show just how "intelligent" you are, particularly in this thread:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=93506



Another genius,

Using this logic, one would say that a great video game player would make a great athlete.
Pretty obvious you never took the time to understand how reflex reactions actually occur and why they happen.
And not all athletes have great physical reflexes, nor is it required in many sports. Even in fighting sports, reflexes are not needed and can actually be manipulated into a handicapp.
 
Quite frankly no.

It's been my experience that individuals with very high intellect are not the greatest of traders because of temperament, stability, bias, disposition, focus or displacements. By displacements, I'm referring to the natural order of balance,give and take, if you will.
Natural intellect often has a price and that price is sometimes other areas of the individuals make-up or character will suffer.

Behavioral problems such as aggression or impulsive phases would doom this genius to failure.

The best traders/investors I've ever encountered shared these attributes in no order of importance: Intuitive, focused ,calm, rational, analytical, perceptive ,adaptive,objective,persistent and intelligent.

Intuition imo is a biggie.
 
Quote from michaelscott:

So are you saying that great video game players do not make great athletes The coordination required in a video game is similiar to that when playing baseball or football.

Aaaaaahahahahahaha spoken like a nerd that never played sport
 
Quote from Allaces:

Aaaaaahahahahahaha spoken like a nerd that never played sport

Oh, I don't know. Isn't hitting a button to frag the bad guy about the same as hitting a short angle, crosscourt topsin passing shot?
 
Quote from whitster:/Leon

genius intelligence is neither sufficient nor necessary for trading success.

just ask any brokerage. some of the WORST clients are PhD types, MD's etc. this is primarily because very smart people tend to be too sure of themselves. trading means (among other things) admitting you are wrong when you are. that's a psychological issue.

don't get me wrong, some very smart PhD types are often excellent quants.

i'd rather train a trainee with the right mindset (disciplined, hardworking, flexible etc.) than one with a 160 iq who didn't have the right "head" for trading.
========================
Smarter you are;
longer it takes:cool:
 
Quote from LeonPhelps:

Not meant as bragging, but I'm smarter than 99.9% of you jokers. From IQ measurement, SAT scores and every standardized test I've taken, I'm in the 0.1% percentile. No BS, just the fact.

So does this mean that I should be a successful trader? Ought a "genius" with at least some common sense dominate the markets?
Yes.....come on in. The water's great.
 
Quote from LeonPhelps:

Not meant as bragging, but I'm smarter than 99.9% of you jokers. From IQ measurement, SAT scores and every standardized test I've taken, I'm in the 0.1% percentile. No BS, just the fact.

So does this mean that I should be a successful trader? Ought a "genius" with at least some common sense dominate the markets?


What you THINK doesn't mean shit, a little guy.

It's what you DO that matters the most.

Go ahead, try to outperform 99.9% of traders. Market loves people like you!

:D
 
"Not meant as bragging, but I'm smarter than 99.9% of you jokers. "


The fact that you refer to your peers and/or those who are trading against you as "jokers" says it all. I work with a lot of "genius" types who are always "smarter than the market." They are horrendous traders. Ever hear of hubris?
 
Quote from LeonPhelps:

Not meant as bragging, but I'm smarter than 99.9% of you jokers. From IQ measurement, SAT scores and every standardized test I've taken, I'm in the 0.1% percentile. No BS, just the fact.

So does this mean that I should be a successful trader? Ought a "genius" with at least some common sense dominate the markets?

You just said it, Common Sense, something of which many of your posts lead me to belive you have little of.
 
Back
Top