Does IQ greatly affect a person's success in trading?

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Quote from: Rengga Jati on April 22, 2022, 07:58:40 PM

In my opinion, it can be one of the elements, but not the decisive reason ifba succesful trading.
Trading is complex activities, combining the intelegence discipline, emotional, behaviour, and also management systems.
It's the unity. If we only have one, it means nothing.
Because even we have done all, it doesn't mean that we will be a very succesful trader.
But ateast if we have those all, we can see and understand trading and make better trading and profits from it

maybe he will be good at analyzing and seeing market situations and conditions, and also good at managing finances, but someone's emotional level will be different, each person certainly has strengths and weaknesses. if emotions can be controlled then he can think healthy, so I think he can indeed succeed in the trading world, but if not, I think his IQ will be in vain

antminerguruguy

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Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.

so, my question is;

Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading?

I dont think it matters unfortunately I bought bitcoin and it flash crashed 3K in one day or so and now I can't get back to the original market level I bought at while I will not sell at a lose I will have to stare at the intrinsic value as long as it takes until I can sell to get my money back. Just bad market timing you can't always catch the bottom of the market I thought we where going to go into the 50K bitcoin level I just miscalled it now I am stuck at a massive loss for now hoping for a 44k bitcoin its just the way things go sometimes yet its funny how annoying some can be constantly wanting to add insult to injury. I will just have to wait maybe a month maybe a week however long it takes.

libert19

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Iq itself is made up shit, stop depending on these measures. Anyhow, where were you gonna measure it? These yt and website 'Iq quizzes' which thrive on your attention?

Rengga Jati

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In my opinion, it can be one of the elements, but not the decisive reason ifba succesful trading.
Trading is complex activities, combining the intelegence discipline, emotional, behaviour, and also management systems.
It's the unity. If we only have one, it means nothing.
Because even we have done all, it doesn't mean that we will be a very succesful trader.
But ateast if we have those all, we can see and understand trading and make better trading and profits from it

Zilon

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If you mean IQ as per intelligent quotient generally I will say no. IQ has nothing to do with ones ability to trade. Trading is a game of emotions for those who understands how to interpret their chats well not gamblers hiding behind candle sticks.
To be a successful trader you must be:

knowledgeable
patient
Skillful
have the ability to control your emotions [/quote]

stepwilli

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Quote from: Ludmilla_rose1995 on April 18, 2022, 02:55:04 PM

The advantage of intelligent people is that they can take advantage of every visible loophole to generate massive profits. Smart people are usually the ones who will be successful in anything because they are more focused on the solution, not the problem. when trading everyone will surely be met with many problems and only the smart ones can get away easily and make a profit.

Loopholes? I think that one is for the hackers. I know hackers are smart but not all smart people are bad and will take advantage of any loopholes that they see. Sure, it gives easy and huge money but it still better to earn money in a clean way and it's okay if that was small amount.

Smart people can't do anything but in fact many smart people are being beaten by the people who aren't that smart but they are just wise. Not all smart people have all the good qualities in life, in trading for example, one trader can be smart but this trader fails when it comes to controlling his emotion so he can still lose. I.Q does affect but not to a great extent.

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Quote from: LUCKMCFLY on April 17, 2022, 08:04:14 PM

there is something that everyone should take into account, that every time an intelligent person is going to operate, it is something that should be paid attention to, in case a person who is successful in trading is not only astute, but has to understand many things that others do not see, the fundamentals, some things that a person can see beyond that is what I mean, although you have to take into account that there are people who have a special talent for trading, they are people who see certain movements and the they recreate in your brain and sometimes they happen, I think that an intelligent person will always have a very good chance of always making money.

It is not really that much of a big deal, it doesn't really require all the things you said. It requires two things, one is focus because you need to be purely focused on trading when trading and you can't be just checking instagram stories while trading, that would be counterproductive (not impossible to do, if you are a veteran you may do it but wouldn't help at all).

Second one is studying and learning, there are people who are not so smart in many subjects, but smart about one subject so much that they became professors, I am sure my literature professor has no idea about trading, doesn't make him an idiot, also doesn't make him a genius because he knows a lot about literature. So just be like him, but instead of literature, just learn trading.

Ludmilla_rose1995

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Quote from: LUCKMCFLY on April 17, 2022, 08:04:14 PM

Well, there is something that everyone should take into account, that every time an intelligent person is going to operate, it is something that should be paid attention to, in case a person who is successful in trading is not only astute, but has to understand many things that others do not see, the fundamentals, some things that a person can see beyond that is what I mean, although you have to take into account that there are people who have a special talent for trading, they are people who see certain movements and the they recreate in your brain and sometimes they happen, I think that an intelligent person will always have a very good chance of always making money.

The advantage of intelligent people is that they can take advantage of every visible loophole to generate massive profits. Smart people are usually the ones who will be successful in anything because they are more focused on the solution, not the problem. when trading everyone will surely be met with many problems and only the smart ones can get away easily and make a profit.

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Quote from: Untomabur on April 08, 2022, 05:24:17 AM

Quote from: retreat on April 07, 2022, 09:37:54 AM

Quote from: Crypto Library on April 07, 2022, 02:14:59 AM

I don't think IQ has a role to play in trading. Your IQ level is very high, but if you have little knowledge of trading then you will fail as a trader. In this case, the important things that need to be mastered first. I don't think IQ will play much of a role here.

as I wrote above, if you don't have an IQ above average how can you make a profit because those who have a high IQ must have the ability to adapt quickly and memorize basic trading skills and market habits. people who have a normal IQ must very rarely be successful in trading.

Maybe there is some truth to it but I don't see high IQ as the only reference they will be successful in trading,
Normal IQ will be able if they keep trying and practicing,
besides that trading is very complex and requires preparation of many things

Well, there is something that everyone should take into account, that every time an intelligent person is going to operate, it is something that should be paid attention to, in case a person who is successful in trading is not only astute, but has to understand many things that others do not see, the fundamentals, some things that a person can see beyond that is what I mean, although you have to take into account that there are people who have a special talent for trading, they are people who see certain movements and the they recreate in your brain and sometimes they happen, I think that an intelligent person will always have a very good chance of always making money.

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Quote from: retreat on April 07, 2022, 09:37:54 AM

Quote from: Crypto Library on April 07, 2022, 02:14:59 AM

I don't think IQ has a role to play in trading. Your IQ level is very high, but if you have little knowledge of trading then you will fail as a trader. In this case, the important things that need to be mastered first. I don't think IQ will play much of a role here.

as I wrote above, if you don't have an IQ above average how can you make a profit because those who have a high IQ must have the ability to adapt quickly and memorize basic trading skills and market habits. people who have a normal IQ must very rarely be successful in trading.

High IQ means someone like Alan in the hangover who is highly expertised in math so he can able to make some huge money in the casino? But in general we see him as a comedian right who just act so uncommon while comparing with others so we don't have to confuse the skills with IQ which are slightly different and someone who practiced crypto trading all the day for years can perform better than someone who is intelligent but new to crypto market.

Untomabur

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Quote from: retreat on April 07, 2022, 09:37:54 AM

Quote from: Crypto Library on April 07, 2022, 02:14:59 AM

I don't think IQ has a role to play in trading. Your IQ level is very high, but if you have little knowledge of trading then you will fail as a trader. In this case, the important things that need to be mastered first. I don't think IQ will play much of a role here.

as I wrote above, if you don't have an IQ above average how can you make a profit because those who have a high IQ must have the ability to adapt quickly and memorize basic trading skills and market habits. people who have a normal IQ must very rarely be successful in trading.

Maybe there is some truth to it but I don't see high IQ as the only reference they will be successful in trading,
Normal IQ will be able if they keep trying and practicing,
besides that trading is very complex and requires preparation of many things

rojan

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Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.

so, my question is;

Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading?

What I have noticed from this is that the lack of income cutouts as I have seen here does not guarantee that a good decision can be made for training here but sometimes it is useless for us to make an IQ decision here where training is discussed. Either way, that's what someone picked up now

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Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.

so, my question is;

Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading?

You answer is No.
High or low IQ does not affect ones decision making when it comes to crypto trading, having a high IQ does not make one a better trader than those with low IQ.
Though those with high IQ do have a higher level of learning and understanding, they tend to discern information faster, and this helps or assist them in learning faster, because they read and as well understand faster than those with low IQ, but however, this doesn't mean they know how to make a better buy and sell decisions than those with low IQ.

retreat

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Quote from: Crypto Library on April 07, 2022, 02:14:59 AM

I don't think IQ has a role to play in trading. Your IQ level is very high, but if you have little knowledge of trading then you will fail as a trader. In this case, the important things that need to be mastered first. I don't think IQ will play much of a role here.

as I wrote above, if you don't have an IQ above average how can you make a profit because those who have a high IQ must have the ability to adapt quickly and memorize basic trading skills and market habits. people who have a normal IQ must very rarely be successful in trading.

Crypto Library

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I don't think IQ has a role to play in trading. Your IQ level is very high, but if you have little knowledge of trading then you will fail as a trader. In this case, the important things that need to be mastered first. I don't think IQ will play much of a role here.

19Nov16

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All factors are certainly needed for trading, besides IQ, the next factor is EQ - emotional intelligence, the market is very volatile so without EQ you will certainly be tempted to sell or panic too quickly when you see red prices, with a good EQ, traders can control their emotions so they can make the right decisions.

Kopetunto

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Quote from: martina14 on April 06, 2022, 10:32:25 PM

Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.

so, my question is;

Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading?

For me IQ is the head box of our mind here in the cryptocurrency, without this IQ we cannot do for sure a nice trading activity in any form of the exchange platform anyway. Because, if we implement this in the right manner surely in the end the result will gonna be good, just simple as that. Just always remember to control our emotions and use it properly when we do trade.

Actually, everyone has their own opinion about IQ and in some ways having a high IQ is also important,
indeed a high IQ is not the only indicator in decision making but in making the right decisions a high IQ is needed,
for sure trading is very complex and there are many things we must learn to prepare to trade

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Quote from: nurilham on April 01, 2022, 07:44:02 PM

In trading, besides requiring intelligence and accurate thinking, it also requires discipline, smartness in choosing moments and also being the ability to control emotions. Those are some important things that must be considered in trading. if it is said that IQ is important in trading then it is important but that does not mean trading success depends on the level of IQ. although high IQ but not good at reading situations and controlling emotions then it is useless and will still be detrimental. so the most important thing in my opinion is to be disciplined and self-aware of the big responsibility as a trader to be able to deal with and manage the crypto assets you have in order to make a profit.

Well said. Having high IQ is important but its not only the basis to succeed in trading. Its about how you control your emotion and discipline yourself. It is similar when we're still studying in school. High grades doesnt guarantee of a bright future (though its a stepping stone) because even your grades are just an average but you're strategic and working hard, then achieving your goal is possible. If a person wants to be a trader there's always a way to succeed even you're not that smart because experience is still the best teacher.

martina14

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Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.

so, my question is;

Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading?

For me IQ is the head box of our mind here in the cryptocurrency, without this IQ we cannot do for sure a nice trading activity in any form of the exchange platform anyway. Because, if we implement this in the right manner surely in the end the result will gonna be good, just simple as that. Just always remember to control our emotions and use it properly when we do trade.

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Quote from: kamilah147 on April 03, 2022, 12:37:39 PM

High IQ is a person's intelligence in the field of science. A high IQ makes a person quickly understand what he is learning. However, in trading as smart as any we are if we are not able to control our emotions will end badly. Some smart people have traded before, but they are not familiar with the market. So with some losses incurred they had to leave the trade. this is why in addition to IQ or high intelligence we must have patience and good management.

When you are smart or does have an IQ then you would immediately notice those mishaps or flaws even though not all people are really good on adapting such situation but most likely you would able

to realize for yourself on whats happening or where do problem starts or do begin and if you do find out that emotion is the culprit then this is where you do make out some adjustments.
Its true that not all high IQ or smart is really good on every aspect but speaking with adaptation and something correlates to it then it would not much of a problem.

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