Does IQ greatly affect a person's success in trading? - page 2.

Ryker1

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Quote from: Emitdama on April 03, 2022, 03:47:16 PM

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A person that have a higher i.q would means that he is smart. He can easily learn things including trading and become good at it. Trading is really for the intelligent. Can't you see that there are less number of traders compare to investors? because they say that trading is hard while investing is much easier.

Well, that is exactly right --there is an advantage if people who join in trading have a high IQ, they will easy to understand technical analysis especially to do mathematical problem not need to answer quickly and you are right, there are a huge number of investors than the traders because investing is like a safe zone, you are safe while seeking profit, all you have to do is to wait a perfect time. So it has really great in trading if you are a highly intelligent person, the chances of making profit will always be effective.

Emitdama

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Quote from: Woodie on April 03, 2022, 07:52:24 AM

IQ has nothing to do with trading, its all about some common sense, skill and knowledge of the charts then you should be good to go!

If IQ was among the important components then this would mean trading is meant for the intelligent and nothing else...which is wrong to say.

So, you're saying that common sense is much better than i.q when in fact that i.q is actually twice better than common sense. Anyone can have a common sense because it's common anyway, its name says it all but not all have an i.q that are high. I know i.q can be inborn too but common sense isn't and can be easily learned.

A person that have a higher i.q would means that he is smart. He can easily learn things including trading and become good at it. Trading is really for the intelligent. Can't you see that there are less number of traders compare to investors? because they say that trading is hard while investing is much easier.

kamilah147

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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.

retreat

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Quote from: Woodie on April 03, 2022, 07:52:24 AM

IQ has nothing to do with trading, its all about some common sense, skill and knowledge of the charts then you should be good to go!

If IQ was among the important components then this would mean trading is meant for the intelligent and nothing else...which is wrong to say.

if you don't have an IQ that is above average how can you control your thinking and also memorize all the available skills? imo IQ is still needed in trading because trading is related to making decisions based on extensive calculations, so IQ plays a strong enough role in one's future.

Woodie

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IQ has nothing to do with trading, its all about some common sense, skill and knowledge of the charts then you should be good to go!

If IQ was among the important components then this would mean trading is meant for the intelligent and nothing else...which is wrong to say.

Flexystar

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I also don’t think that IQ is something that can define the ability of person to trade effectively. There could be one more point here, person with high IQ may not even think about trading because they could simply be doing something better than sitting at home in front of screen. That’s just my thought but reality could be different than this.

However, there are people that I know who are just average like me and yet they have accomplished bigger things in their lives which seems work of high IQ person.

Similarly in trading, I don’t think having high IQ means bigger success.

nhaila

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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?

Yes, of course. It is natural that your intelligence questions in cryptocurrency will definitely give you good results in trading. However, it is not always right to expect good results.Before trading, you must trade with a market analysis.

JooBra

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I think emotions have same effect like IQ in trading so to be successfull its not easy and one dimecional.

slaman29

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IQ is intelligence, how smart you are so, fine. You can learn quickly, you can master TA, you can identify all the patterns quicker and more naturally than a lower IQ person.

But that doesn't make you more successful at trading. Your strategies and the way the market moves aren't at all affected by intelligence, not to me anyway.

Does it ever occur to you that the most successful stocks people aren't high IQ but high EQ as someone points out above?

macson

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in trading, it is not only IQ that is important but EQ also plays an important role because without good emotional intelligence a trader will sell during a bear market and buy during a bull market. but i noticed that those who are successful in trading on average have high EQ intelligence, not IQ.

TimeTeller

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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.

I also believe that the outcome of your trading doesn't depend on your IQ level.
There are other factors to be considered here, but the smarter you are, the better.
Even regular trader with average IQ can achieve success in this market.
Being diligent, with passion and perseverance are also good factors to consider.
So don't lose hope if you think you don't have high IQ, because this market is for all.

nurilham

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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.

Lanatsa

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Quote from: Smartvirus on April 01, 2022, 02:07:55 PM

I think IQ measures ones tendency to make the right decision and its subjective to a field. Uoubmight be better at one thing and bad at another. Trading is a highly professional field so, its not easy for one not professionalise on the field to come on screen and just look at the chats and decide on a best entry and exit point. You've got to have a background knowledge of the chats and not just that, be good at some analytical tools and actually make use of them to do your analysis and only then can you be able to make a decision that is still subject to probability. What is done on trades is expressed professionalism and no gambling on decision making, having a high IQ have got zero effect if you aren't got the know how.

IQ does still have some usage on this particular unpredictable market on where you could really apply it on some factors which does really need but of course some intelligence but most of the time it would really be involving

about intuition and sustain on where it do really make out some big role or part with this type of career. Success isnt guaranteed though whether IQ is involved or not it doesnt matter
as long you do able to sustain yourself then that what matter the most.

Smartvirus

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I think IQ measures ones tendency to make the right decision and its subjective to a field. Uoubmight be better at one thing and bad at another. Trading is a highly professional field so, its not easy for one not professionalise on the field to come on screen and just look at the chats and decide on a best entry and exit point. You've got to have a background knowledge of the chats and not just that, be good at some analytical tools and actually make use of them to do your analysis and only then can you be able to make a decision that is still subject to probability. What is done on trades is expressed professionalism and no gambling on decision making, having a high IQ have got zero effect if you aren't got the know how.

Smartprofit

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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?

In my opinion, high IQ does not correlate with trading success.

In order to become a successful trader, you need to be an independent and self-sufficient person. After all, the market always moves against the expectations of the crowd.

Such personal qualities as independence and self-sufficiency can be developed by performing special exercises. For example, you can dance at a fast pace to slow music, and vice versa (dance slowly to fast music).

Also, for success in trading, it is very useful to read fiction (for example, science fiction). It develops the imagination.

Successful traders and investors travel a lot and communicate with different people.

Sirait

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with these new terms from theymos https://bitcointalksearch.org/topic/iq-testing-now-required-before-posting-5392430, it reminds me of this topic, sorry in advance if I "bump" again. It's really obvious that IQ is needed in all aspects of life, not just trading, social life and even posting on this forum.

Ninellechka

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Of course, trading requires an intensive brain activity, this is not the sphere for stupid people. But you don't have to be a genius to make money with trading. You should just have some special skills and experience, which any medium-intelligent person can get if he or she wants.

LeetPoolsOP

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I think that what is important in trading is not the IQ level, but the level of emotional intelligence. People tend to experience emotions, but they can be different and lack of control over emotions in trade can be an obstacle to success. My opinion is that people need to improve their emotional intelligence.

sinkfish

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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".

to make a few successful trade, you need luck, to stay long in the market, you need analysis, research, and patience. shear luck wont get you anywhere.

daviidalpert

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High IQ is very helpful in life.But in the transaction it is not the most important.You need to analyze calmly and accurate judgment when trading.

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