Chess playing with it's potentials to enhance mental productiveness to trading.

Hamza2424

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Quote from: cabron on October 18, 2023, 12:55:17 PM

I do play Chess but I also do not see this to be helpful in trading, but maybe applying Critical thinking and planning will be able to make success in trading.

What I like in Chess is that I get to play the king of a kingdom and see what could the other kingdom do to defeat me. So proper decision-making and defenses will be planned before the strike happens. A war in medieval times is how I see Chess. more like the Game of Thrones Grin

It seems like I have someone who agrees with me. Haha, the idea of chess with kings and kingdom wars is just a fantasy constrained by the limits of the cinematic world. Here in the crypto market, it's like playing a game of chess with no clear home, except maybe for that one protective and friendly dog, hehe. I don't even want to invest my emotions and time into it. Be very clear while investing your time in any subject because the subject won't lose anything but you will.

Here Bitcoin is the King haha as there is no Chess game so it is a kind of self-made supremacy and all the way dominant through its journey lol.

DVlog

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Quote from: cabron on October 18, 2023, 12:55:17 PM

Quote from: DVlog on October 18, 2023, 12:39:05 PM

Quote from: Hamza2424 on October 17, 2023, 02:54:15 PM

I don't like chess.
A weird game that has nothing relatable to reality.
Just a myth whatever you're talking about. Magnus Carlsen is a great chess player who cant trade I can bet hehe... So buddy calm down and don't waste your time on learning the tactics of chess better study the market psychology. (Don't take it personally Grin

just a friendly tiger.)

It's a mind game, and whether you like it or not playing chase can help a person improve their critical thinking. He can be calm in a situation of panic and his mental ability improves over time. Being smart and making a profit with trading are two different things. To conduct successful trading activities a person needs to have extensive knowledge of finance and essential factors related to trading activities.

I do play Chess but I also do not see this to be helpful in trading, but maybe applying Critical thinking and planning will be able to make success in trading.

What I like in Chess is that I get to play the king of a kingdom and see what could the other kingdom do to defeat me. So proper decision-making and defenses will be planned before the strike happens. A war in medieval times is how I see Chess. more like the Game of Thrones Grin

So you would like to be the king who is the weakest on the board. Queen is the most powerful player on a chess board if i am not mistaken and chess is not all about war. Its about reading your opponents moves, analyzing them to predict their future move and manipulates their minds to provoke them to take the wrong move. Chess can be called a game of two minds.

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Quote from: GeorgeJohn on October 17, 2023, 03:42:29 PM

Quote from: Yamane_Keto on October 11, 2023, 11:48:06 AM

How can mind games enhance skills not directly related to trading? Chess can teach you to always have a back-up plan, logical thinking, and analytical skills but you cannot be skilled at trading or make profits from it.
Chess is one of the games that has received analysis and scrutiny, and there are many scientific papers about it. If I find time, I will try to limit them and the extent of their impact on trading.

I think that op should understand that their is different between normal reasoning and skill as per say, what I want you to understand from my own understanding concerning chess game is that it's a game that deals with reasoning while trading is a skill you acquired from someone else.

So saying that chess game will enhance someone who is a trader to do well in trading I think is not a cogent reason, in every section they have their own strategy and if their strategies is a welcomed development we can dance to the tone as much as we can, but primarily a chess game don't have anything to do with trading skill as you point out.

I am not entirely sure if that's the case, I can't really argue this point because it is not going to end up with anything that is clearer but that also doesn't mean that we are going to end up with anything that would make sense. I hope that we could end up with something that would be more marginalized in a way that it wouldn't really be just one way or the other way.

I think both chess and trading has similar parts and different parts and we can do it for the similar parts if we enjoy playing chess, but if we do not enjoy playing chess then the benefits are not big enough to justify forcing ourselves to make that kind of contribution. I believe that we should be focusing a little bit more towards the part where it would make sense to deal with some bigger returns, and for that to work we need to end up with something that should be a lot more risky. Many people are unaware of the fact that gaining side-skill is not the point, learning trading itself is the only way to go.

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Quote from: DVlog on October 18, 2023, 12:39:05 PM

Quote from: Hamza2424 on October 17, 2023, 02:54:15 PM

I don't like chess.
A weird game that has nothing relatable to reality.
Just a myth whatever you're talking about. Magnus Carlsen is a great chess player who cant trade I can bet hehe... So buddy calm down and don't waste your time on learning the tactics of chess better study the market psychology. (Don't take it personally Grin

just a friendly tiger.)

It's a mind game, and whether you like it or not playing chase can help a person improve their critical thinking. He can be calm in a situation of panic and his mental ability improves over time. Being smart and making a profit with trading are two different things. To conduct successful trading activities a person needs to have extensive knowledge of finance and essential factors related to trading activities.

I do play Chess but I also do not see this to be helpful in trading, but maybe applying Critical thinking and planning will be able to make success in trading.

What I like in Chess is that I get to play the king of a kingdom and see what could the other kingdom do to defeat me. So proper decision-making and defenses will be planned before the strike happens. A war in medieval times is how I see Chess. more like the Game of Thrones Grin

DVlog

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Quote from: Hamza2424 on October 17, 2023, 02:54:15 PM

I don't like chess.
A weird game that has nothing relatable to reality.
Just a myth whatever you're talking about. Magnus Carlsen is a great chess player who cant trade I can bet hehe... So buddy calm down and don't waste your time on learning the tactics of chess better study the market psychology. (Don't take it personally Grin

just a friendly tiger.)

It's a mind game, and whether you like it or not playing chase can help a person improve their critical thinking. He can be calm in a situation of panic and his mental ability improves over time. Being smart and making a profit with trading are two different things. To conduct successful trading activities a person needs to have extensive knowledge of finance and essential factors related to trading activities.

Hamza2424

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Quote from: GeorgeJohn on October 17, 2023, 03:42:29 PM

I think that op should understand that their is different between normal reasoning and skill as per say, what I want you to understand from my own understanding concerning chess game is that it's a game that deals with reasoning while trading is a skill you acquired from someone else.

I do agree with that, but I'm sure OP's writing is from another perspective where he might be trying to indicate that when a healthy mind practices the panic moves, recurrent decisions in a game this exercise really assist in the efficiency of the decision-making kind of similar scenarios in the trading as well. I've said what I think in my first impression of Chess vs trading.

Quote from: GeorgeJohn on October 17, 2023, 03:42:29 PM

So saying that chess game will enhance someone who is a trader to do well in trading I think is not a cogent reason, in every section they have their own strategy and if their strategies is a welcomed development we can dance to the tone as much as we can, but primarily a chess game don't have anything to do with trading skill as you point out.

Chess and trading may seem unrelated, but they share a common thread in mindset, adaptability, and strategy adoption. While the specific moves and fields differ, the pressure of emotions remains similar.

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Quote from: Yamane_Keto on October 11, 2023, 11:48:06 AM

How can mind games enhance skills not directly related to trading? Chess can teach you to always have a back-up plan, logical thinking, and analytical skills but you cannot be skilled at trading or make profits from it.
Chess is one of the games that has received analysis and scrutiny, and there are many scientific papers about it. If I find time, I will try to limit them and the extent of their impact on trading.

I think that op should understand that their is different between normal reasoning and skill as per say, what I want you to understand from my own understanding concerning chess game is that it's a game that deals with reasoning while trading is a skill you acquired from someone else.

So saying that chess game will enhance someone who is a trader to do well in trading I think is not a cogent reason, in every section they have their own strategy and if their strategies is a welcomed development we can dance to the tone as much as we can, but primarily a chess game don't have anything to do with trading skill as you point out.

Hamza2424

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I don't like chess.
A weird game that has nothing relatable to reality.
Just a myth whatever you're talking about. Magnus Carlsen is a great chess player who cant trade I can bet hehe... So buddy calm down and don't waste your time on learning the tactics of chess better study the market psychology. (Don't take it personally Grin

just a friendly tiger.)

doomloop

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Quote from: joniboini on October 11, 2023, 07:50:33 PM

While I agree that mental games can give you benefits, why not learn by making small trades over time? One key skill that is hard to learn without doing any trading activity is emotional management and decision-making imo. I don't think you can learn that by playing chess or other games since the mental burden is different. It is almost impossible to replicate the emotional part of trading unless you trade in my opinion.

You mean do trading on top of it? Why not? As long as we can handle it because mental games can also be stressful and trading too. Even without mental games, learning alone can already taught us a lot of lessons, including those what we can get in the mental games. Their only difference is mental games are a type of games so it can also provide us a fun.

Many of us are battling with our emotions and I believe we already find different remedies for it. Many of us aren't also a trader. It's a big advantage if we already combat it before we step in the trading ground. That is because our emotion can affect the way we decide on certain thing.

Mauser

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Quote from: EluguHcman on October 11, 2023, 04:36:02 AM

I have heard how some games are potential to build ones immunes and mental facts but never found one interesting but I am thrilled at this one chess playing after I have come to create some possible analysis on what impact it is capable on mental interjection and inspirations within my trading firms.
After putting the above stated potential in considerations, I hope to put this in practice maybe others can equally give it trial

Chess is a great game, it offers a lot of benefits that include among others training of the brain, increased concentration and helps us to think ahead in a complex environment. Anybody that played chess as a kid should keep it up as an adult. However, somebody that has never played chess in his life and only wants to take it up because of the health and trading benefits, might lack the long term motivation. It's important to also find joy in the game, otherwise it will be hard to invest the time to get good. That's why I would not focus on chess alone, there are other games like Go or Sodoku that train our brain as well and can help us become a better trader. Even meditation is a great tool that traders have recommended me in the past. Anything that helps focus our mind and let's us block out unproductive thoughts is good and if we enjoy the activity than we should include it in our daily routines.

jeraldskie11

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For me, chess has similarities to trading but it is not a guarantee that if you are good at chess you will be profitable in trading. Being profitable in trading does not depend on his market analysis. I'm not good at chess but this based mostly on your analysis and patterns to win. Trading does not work that way, it is not difficult to analyze the market especially if you joined the mentorship program.

Consider this, you and your batchmate have the same analysis but not all of you are profitable. Why? Because we have a different execution in the market, because of our emotions.

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Ah shit, I'm bad at playing chess and don't even know about chess strategy because I've never played it.
Some points can indeed be attributed to trading strategies and tips such as Patience and perseverance, Critical thinking, and planning.

But a Chess game is a mind game with an attempt to find the right way to stop the opponent's game move,
but in trading, the move will not be certain because there will be significant changes.

Chess chooses a more definite move with the theory that has been learned.
But trading is not just about analyzing technicals, Fundamentals will influence such as FUD and News that affect each other, so any prediction will not be 100% successful.

Increasing stronger mental productivity may only be limited to theory.
But about the practice of trading, it will be useful when trading and running a real strategy.

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Quote from: Yamane_Keto on October 12, 2023, 09:22:19 AM

Quote from: EluguHcman on October 11, 2023, 04:17:37 PM

.
@ Yamane _Keto, if chess has the possessions to teach me how to have a backup plans, logical thinking and analytical skills,

You can read a thousand books about learning to drive a car, but it is definitely not worth half an hour of traveling on the road. I had one of my neighbors who read a lot of books about how to raise children, but when he had a child, he found things completely different, so he practiced sports, chess, and methods to strengthen memory as a kind of... Hobby and entertainment that will help you get rid of negative energy, activity, and correct thinking, in addition to learning trading and doing trading, which is much better than trying to read theoretically about it.

The theory will be very different from what we get in reality, no matter how much we know the theory and understand it well, we really need to try to put it into practice so that we can find out how far we understand the theory. Doing what we like will certainly make us happy in doing it, learning while practicing what we learn will indeed be much better than reading lots of books without being able to do what we have read in those books.

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Quote from: mvdheuvel1983 on October 12, 2023, 11:25:54 AM

Quote from: EluguHcman on October 11, 2023, 04:36:02 AM

3* Patient and perserverance: This is a time of emerging patient to disciplinary Concordia coordinations where constructive ideas of taking lead against the market challenge is adopted for a decisive and attentive monitorship for adequate productive timing by mentally devising detailed trades planning.
Like people would say... "Patient is virtue" which the system of chess playing is potentialed to factorize your patient ness to structuring your trading logistics system.

The most crucial aspect in this comparison and analogy is the aspect of patience and self-awareness. With patience and self-control or self-awareness you know that you do not have to react emotionally but with logic and rational thinking is what should guide your next move. You do not let your emotions swing here and there like a thermometer rather you make decisions a rationally.

I agree into this point somehow when it comes on trying out to enhance your patience and perseverance then this is quite that relevant but the rest arent that something necessary considering that you could really be eventually learn up those things on day to day dealing up with normal situations that we do have in our life which molded up for us to be something more better but there are some key areas on which you would really be needing to focus or emphasize which if you do find that dealing up with Chess game is something that would really be enhancing that particular aspect or behavior then its not really that a bad option.
Somehow i do really agree on some comments above that it isnt really that something that having the connection about chess playing and enhancing yourself on trading.

Quote from: Yamane_Keto on October 12, 2023, 09:22:19 AM

You can read a thousand books about learning to drive a car, but it is definitely not worth half an hour of traveling on the road. I had one of my neighbors who read a lot of books about how to raise children, but when he had a child, he found things completely different, so he practiced sports, chess, and methods to strengthen memory as a kind of... Hobby and entertainment that will help you get rid of negative energy, activity, and correct thinking, in addition to learning trading and doing trading, which is much better than trying to read theoretically about it.

Good comparison on which this simply implies that nothing beats out on having that real experience learning rather than on making yourself spending
tons of time on reading up books or theories on which we know that other learnings couldnt really be attained or something that wont really be that complete and this is why
it would really be always ideal that better go right away on engagement if you are really that serious on learning it.

Twentyonepaylots

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Indeed Chess can improve our cognitive skills that we can also use to trading like concentration, decision making, problem solving skills, critical thinking and pattern recognition. I can advise every trader to play chess on a daily basis, even a single game just to enhance their mind to the said skills acquired by playing chess. I've been playing chess for quite some time and notice how it affects my cognitive skills especially my decision making not just in trading but in general. Chess also helps your mind relax, let your mind work against your opponent, and workout itself in a way. Being trader has a lot of techniques, but for me the most important is how you think through your trades with your analysis.

If you play on Chess.com feel free to invite!

mvdheuvel1983

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Quote from: EluguHcman on October 11, 2023, 04:36:02 AM

3* Patient and perserverance: This is a time of emerging patient to disciplinary Concordia coordinations where constructive ideas of taking lead against the market challenge is adopted for a decisive and attentive monitorship for adequate productive timing by mentally devising detailed trades planning.
Like people would say... "Patient is virtue" which the system of chess playing is potentialed to factorize your patient ness to structuring your trading logistics system.

The most crucial aspect in this comparison and analogy is the aspect of patience and self-awareness. With patience and self-control or self-awareness you know that you do not have to react emotionally but with logic and rational thinking is what should guide your next move. You do not let your emotions swing here and there like a thermometer rather you make decisions a rationally.

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Quote from: EluguHcman on October 11, 2023, 04:36:02 AM

~

Because chess was mentioned to help, some people will start forcing themselves to like chess even when they have tried it before and it did not work. There are other games that you can play to improve mental productivity incase you are not so much a big fan of Chess. You can also play Sudoku or scrabble or even generally try other activities that may not be games.

Getting enough sleep, not smoking, engaging in physical exercise and activities and eating a well balanced diet with meals good for the brain like nuts, berries, salmons, sardines, tuna, oatmeal, avocadoes, eggs, broccoli etc.
Read more

An improved mental capacity will help you in understanding trading patterns better, forming better strategies, and general take better trading decisions.

Yamane_Keto

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Quote from: EluguHcman on October 11, 2023, 04:17:37 PM

.
@ Yamane _Keto, if chess has the possessions to teach me how to have a backup plans, logical thinking and analytical skills,

You can read a thousand books about learning to drive a car, but it is definitely not worth half an hour of traveling on the road. I had one of my neighbors who read a lot of books about how to raise children, but when he had a child, he found things completely different, so he practiced sports, chess, and methods to strengthen memory as a kind of... Hobby and entertainment that will help you get rid of negative energy, activity, and correct thinking, in addition to learning trading and doing trading, which is much better than trying to read theoretically about it.

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Quote from: joniboini on October 11, 2023, 07:50:33 PM

While I agree that mental games can give you benefits, why not learn by making small trades over time? One key skill that is hard to learn without doing any trading activity is emotional management and decision-making imo. I don't think you can learn that by playing chess or other games since the mental burden is different. It is almost impossible to replicate the emotional part of trading unless you trade in my opinion.

You got it right. While I also agree that trading and playing chess are both battle of minds but their process of doing it are different. Trading creates more mental and emotional challenges, and you can only learn to deal and overcome them by resorting into practical trading. That way, you will motivate more discipline and patience into your trades, and establish more stable emotions that will help you to create successful trading outcome.

hd49728

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When you have mental, psychology, stress issues, you must stop using your brain and break your time in front of computers or smart phones. Digital devices are harmful for your health and mental health so when you feel like issues are coming, you must change your life activities from sedentary to dynamic (non sedendary).

A more time you are more dynamic with physical activities, a more healthy life you have and you can trade better when your head is fresh and no longer full of stress.

Do more physical activities is my recommendation, not playing chess, not playing poker.

Physical Activity Guidelines for Americans
Read the Figure 1-3. Relationship Among Moderate-to-Vigorous Physical Activity, Sitting Time, and Risk of All-Cause Mortality in Adults at page 22.

Topic: Chess playing with it's potentials to enhance mental productiveness to trading. (Read 314 times)