Where to meet high-IQ traders and investors?

[GRULSTMRNN]

For example?

Not sure about your premise, lentus ('lentus' as in French lent for 'slow' ?) — some of the best entries in ET are in discussions started by moronic OPs ...

 

[GRULSTMRNN]

And the dumb depend and wish for luck. The smart despise luck because it is a metric that is out of their control. Having gotten rich by luck is great for dumb people. For smart people having gotten wealthy through intelligent decision making, planning and risk management and having been in control of the entire process is the fucking crown.

As someone with low IQ, let me translate what you just said:

You don't need high IQ, you just need to be lucky.

 

[GRULSTMRNN]

You are an asshole and breathe down on the wrong guy and you know it. Not sure what @lentus has done to you. You produce some high quality post content at times but behave incredibly awkwardly around smart people. Perhaps you just hate arrogance or self confidence and that blinds you to everything else. I happily converse with @lentus because most every of his posts made sense and contained value. I will let you happily converse with the Overnights of ET.

I think he's just about shot his chance at any productive conversation with anyone on this forum. It's really hard to come back from a 9 page long topic dedicated to how much of a chode you are.

 

[traider]

I have many friends who couldn't make it to university or college but are street smart.

They understand the 10 years economic cycle thing.
This is what they do every big cycle;

towards end of recession,
buy blue chips.
Then hold till end of bull run and sell it.

Towards end of next recession,
buy blue chips & properties (including oversea properties).
Rent out properties and collect monthly rentals.

Towards end of bull run,
sell blue chips and sell away some properties.

and so on and so on.

They hold regular jobs but pay wise, it is definitely not that great.
Believe me, their technical and fundamental analysis are practically zero.


What I am most impressed by them is despite their low level of education,
they are wise enough to know when to invest in stocks and properties.
And everytime I see them, I can see they are forever cheerful and optimistic.

SO do you want to have high IQ or be smart & wise?

In our lifetime, we can profit from about 4 to 6 big cycles.

Sir you sound like you are based in SG or HK?

 

[traider]

I've met people with high IQ > 140 , couldn't make money from high turnover trading
people with low IQ even harder

 

[dozu888]

Then I am doomed to failure.

' if the market did A, after B happened, despite the popular story of C, and last time E happened, market did F, therefore the market is likely to do G next'

this type of analysis would be too complex for 100... there is no back test here, all is on the fly dynamic (although on a long time frame you do have time to think)... I saw someone said trading is +-*/ KISS? that is nonsense... show me a KISS strategy that actually works... reason being anything KISS is self defeating, too many people can do it, they do it, then they become of the target of the next slaughter.

this analysis is also quite similar to poker - you watch the final table, all them boys/gals are minimum 120's no doubt.

on the other hand, if your pessimism were true .... real estate, the most powerful millionaire making machine, does only require +-*/, and some sweat...

and if you have to be in the market, refer to my 'savings calculator' methods

 

[traider]

Dozu has shown me the KISS strategy.
Identify mega trend like SPY is going to moon to infinity
BTFD
Retire with millions

 

[ElCubano]

I scratched? I had no other income for 6 years. That's what professional means, dummy.

Ok, I believe you.

The universe has a way
of humbling all of us. Work on that and you will be on your way. Have a beautiful day.

 

[fan27]

It's more complex than that. Zuckerberg, Gates, Jobs all knew how to "close" and all of them are very intelligent. Perhaps you just came across some intelligent people who believed they get what they want with minimal effort and hence laziness.

That wasn't the case. The lack of closing ability was not because of laziness but rather the inability to do one or more of the following:

1. Identify the problem.
2. Come up with a solution.
3. Efficiently implement the solution.

Usually the problem lies with both 2 and 3. Zuckerberg, Gates and Jobs excelled exceptionally well at all three of those items. Some of the high IQ clowns I worked with could usually do 1 but would talk and talk about 2 and in the event that they completed 2, they would waste time executing 3 with detours that had nothing to do with task at hand. In some cases they could not even get 3 off the ground. I have also seen this with "traders". They talk a good game and seem smart and in the event they execute 2, they can't execute 3 (actually trade).

All that being said, I have also worked with exceptionally smart people who were serious closers. These types really stand out and are the type of people I want to be around.

 

[Real Money]

Plenty of people have high IQ but no real intuition.

In mathematics, one has to know every technique, not because you have to use every single one of them on an exam, but because you have to use the best techniques to make yourself faster and smarter and more effective. It's like a game or a sport.

Masters excel because of higher order reasoning, as well as intuitive understanding. Cognitive ability is a huge part of success because you can learn and incorporate experiences. But just being able to think with the top 10% does not mean that you have what it takes to be a great trader.

In my opinion, great traders love the game. They want the skill and respect the skill that it takes to be the best. Period. IQ is not enough.