What makes me question my intelligence
What will be the average IQ of profitable people in trading?
Nothing to do with the IQ or your intelligence. That's very well explained in "Trading in the Zone", once again.
The skills developed, throughout life, to climb the corporate ladder or the society are ineffective in trading.
Most are about manipulating others. Your boss, your clients, your teachers...etc
It doesn't work in trading. It's even worse, it works against us.
Therefore, this needs to be changed ... but it's a part of our identity. We've built it minutes after minutes, hours after hours, days after days, weeks after weeks, months after months, years after years, decades after decades... it's us! We cannot even imagine we are trapped by ourselves.
Therefore, what we need to do is to modify our deep identity in order to treat the information in an adequate manner with the fact that we are facing the "Wild Randomness" as called by Nassim Nicholas Taleb.. in others words, Financial Markets.
Or escape the Matrix.
Maybe it's his ability not to gobble up all the wrong bullshit that is taught about what trading is.
Once we have escaped the Matrix, that kind of bullshit, repeated every day on the forums and other medias, slips over us ...
There are at least 2 or 3 huge bullshits that are repeated over and over, every day on forums and other medias.
Even here, some guys who think they understood something in trading don't stop to say the same stupid things... Which make it others believe and finally they become liquidity for the markets.
who have managed to be profitable
To be profitable is not enough. A lot of traders at Darwinex are profitable. The point is to be profitbale and
consistent.
For example, THA is profitable, but not so much consistent.
In my opinion, there is 5 levels about that.. Like when we were a child playing at Super Nintendo, Street Fighter II (very easy, easy, normal, hard, very hard)
1) To not be profitable (very easy)
2) To be profitable without any specified period of time (easy)
3) To be profitable every year (normal)
4) To be profitable every quarter (hard)
5) To be profitable every months (very hard)
All of this made more difficult due to the intransigence of the Darwinex Algorithm Risk Manager which asks a level above about the required quality of trading.
I would say that i'm lucky to have discovered some things that i could modify in my brain... and i would say to others to forget to try to achieve the level 4 and 5. That's above the human being understanding. Unless, they stay alone on an island for the next 5 years and have enough courage to tell themselves that all what they have learned until now has to be fully erased.
Not really all, there is some things we can keep.. like looking on the left and on the right before crossing the street. It could help us to stay alive 😅😅
Almost all the rest has to be throw in the trash...
So, it's not about intelligence. It's about the courage to become another person.
It's not funny at all... for example now, i don't laugh at the same moment than the others when i watch a movie... And the worst, sometimes, i've an erection when i trade the financial markets... it became sexual... So, really, to modify that part of the brain isn't fun everyday.. hahaha