Well, my point was that day-trader is under additional pressure of fast decision making, while swing trader is not. Technically price action analysis is much the same of course with the difference of day trading of more emphasis to short-term inputs, such as bid/ask volume, DOM etc.
the scalpers and hft's,in my opinion, would have to have jack's or xspurts higher level of norapinephrine in the brain,to make all those quicker decisions,(not sure but i think that is what maestro and his colleagues are trying to identify),at a younger age,for me ,with ADD,that was much easier,and faster than contemporaries,after years of self medicating ,its leveled off and i have to do excercises to raise all those chemical levels
Yes, I am telling the truth. However, my studies are just at their very beginning. The FMRI access is very expensive and I only had 2 experiments so far with just five traders. I register the usual outputs that were set not for my study but for someone elseâs research (mostly imaging). I just used their already established set up. The conditions were very simple: traders had their own live accounts (used IB TWS execution) and they have traded IDEAL PRO exchange between 2 AM and 4 AM. The account sizes varied, but what I gathered so far all five of the traders fired similar parts of their brains once they have entered in the position (shown on the picture posted earlier). It is too early to make any conclusions, but I intend to publish the results when I have enough of the tangible material. The next step for me is to partner up with a group of neurobiologists that have funds to run much broader experiments. I am virtually 3 people show with very limited funding. So I do what I can.
No, the traders were only allowed to use my gauges and nothing else. The trading process is typically the same as you saw in the video. I have done many experiments that proved to me one thing: the moment traders start using charts along with the gauges their performance drops dramatically. I have always suspected that this is because the information embedded in charts acts as an inhibitor of our natural intuition. IA based gauges use my experience in designing cockpits for complex navigation systems. They built to enhance reflexes and create subliminal associations with market conditions so that trained traders will act as trained pilots and act by reflexes and not by logic.
So trading is like sex. It's taken me almost 30 yrs to figure out why I like trading so much and now I know
Trading is by far better than sex IMO . It is always there if you want it It does not bitch about how you are dressed, whether you stink of beer or because you did not shower yet It gives you pleasure and pays you for that if you are not stupid If you are stupid it takes your money but much less then your divorce I can go on and on â¦. But you get the idea
Watched the video too... seems that I am so fixated on charts that hardly can imagine using other tools instead. Patterns are imprinted to the reflex so I basically just scan for them. Would be interesting to try and trade without charts some day. P. S. Still like sex more than trading though... well, maybe not more, but differently.
MAESTRO, how long did you give the traders to adapt to using the gauges plus charts? What I found was when anything new and visually demanding is introduced to a chart trader his performance immediately drops significantly. This is first because the brain is occupied with learning how the new process works and secondly when the curiosity factor is overcome then comes the bedding in process when new techniques and workload are assimilated into the prior game plan. Only after these events is there an expectation for a trader to exceed his last performance level and this can take a few weeks. Also it depends on the percentage increase in the workload that a trader has to cope with. If a trader has 9 charts and is introduced to 9 new gauges that is a big jump. Then in addition is the demand of the speed of the charts he is accustomed to looking at. Most traders are not used to charts below the 1 min time frame and those traders find additional fast charts extremely demanding for some time. Not that there is much point in me teaching you how to suck eggs when you design fighter cockpits for guys that have to identify multiple super speed targets in a life or death situation, but it is interesting that fast gamers and fast traders do so well in defense war game testing.