Trading with Emotional Intelligence

Neither "EQ" nor "IQ" are really meaningful concepts in the realm of trading in my opinion. Any "Q" assumes that there is some test, which has questions of limited correlation to each other (so the central limit theorem applies to the test scores), that determines some general capability of the test taker (the letter before the "Q" denoting what that capability is).

I can't think of a what non-trading related questions I would ask that would represent the general skill of profitable trading. This is because I don't think it's a general skill at all. Therefore I'm forced to conclude the concept doesn't have much value here.

You've either got it or you don't. It's a simple as that.
 
I don't know what EQ is, but I do know this: You need a very high IQ to succeed in trading.

With a very high IQ, you still need to spend a long time figuring out this business called trading. One little paradox in this process is that a high IQ will hurt you, but you cannot succeed without it.
 
You must log in or register to reply here.
Back
Top