IQ and trading

Actually to be successful in any profession you need to
have a variety of skills not limited to “intelligence” as measured in IQ tests.
Sometimes over thinking can hurt. As Mark Twain said “All you need in this life is ignorance and confidence; then success is sure”

 

So, you're a super genius, and you're friend is borderline retarded?

 

So IQ's do not mean anything in trading .
According your IQ level you have the abilities of Isaac Newton and you are 1 in a million where as your buddy has the ability to become a food service employee and his typical educability is 8-12 Grade..
Below is the link very interesting, check out the chart
http://www.geocities.com/rnseitz/Definition_of_IQ.html

 

Ya, I have read a lot of articles similar to this one. That is why I said that the IQ tests mean nothing in terms of assessing your abilities to become a successful trader.

 

The IQ test is a formalization of the reductio ad absurdum of mind as calculating machine, I think.

 

So pips, what is the answer - lkj (as 3 of us have suggested) or kbi (as 2 have suggested).

Cheers.

 

This is interesting. One level up from "Clerk, teller, Walmart" is police officer, who's grouped in with "machinist" and "sales." Something to think about next time you're pulled over. Don't use any big words.

--opm8

 

lol

like everything else on ET, true answer probably somewhere in middle.

Mr. Zen

 

Maybe there should be a "Special Olympics" for trading.

 

Emotional IQ IMO is probably the best measure of potential trading sucess. In fact there was a study done on corporate executives who becames top leaders - all had high Intellectual IQ and high emotional IQ. The ones with low Emotional IQ didn't go anywhere even though their Intellectual IQ was off the charts. I will look it up and post the study if I find it again.

Emotional IQ is a measure of how well you can resolve stress, anger, anxiety, etc.

As a side note, during my background in engineering I was exposed to the high Int. IQ and low Emo. IQ bunch - most of whom knew nothing about how to handle the emotions associated with their job (bosses, people), their money and their relationships. The most succesful people I've met in any profession were always the more emotionally rock-solid ones.

Mike