0007
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Just been listening to Radio4 "Start the week" prog. 1st 15 mins by Prof. Greenfield (Baroness Susan Greenfield — Pharmacology) on nano technology & brainpower. An interesting side discussion was that the brain starts out with fixed no. of cells/neurons and it's how we develop the connections between them that influences future personal cerebral capabilities.
Now, nothing new so far but what she then said is that there is a whole generation that has developed differently due to being in front of PC screens for up to 6 hrs/day or playing computer games on a regular / permanent basis. She contrasts this with book / text reading which apparently stimulates the brain in a different way. She explains that the whole brain operates differently dependent on how the neural connections are made and thus enables different skills or expertise levels.
So the point that emerges is that what you end up like (mentally) depends on how you use/train the brain. On a psychological & trading level this seems to tie in very nicely with the ideas put forward by the likes of Douglas (Trading in the Zone) and their ilk.
I believe that for small cap, non-pro traders that once you have mastered the basics of TA then the psychology (ie how you run your brain) of your trading is the biggest influence on your success (or otherwise). Can't speak for large cap/pro traders because I've not been there but it would be interesting to hear their views. Presumably, trading mega amounts is different due to liquidity etc but is the psychology the same?
Worth a listen if you're into this sort of thing - replay is here: BBC iPlayer - Radio - Audio on Demand
Now, nothing new so far but what she then said is that there is a whole generation that has developed differently due to being in front of PC screens for up to 6 hrs/day or playing computer games on a regular / permanent basis. She contrasts this with book / text reading which apparently stimulates the brain in a different way. She explains that the whole brain operates differently dependent on how the neural connections are made and thus enables different skills or expertise levels.
So the point that emerges is that what you end up like (mentally) depends on how you use/train the brain. On a psychological & trading level this seems to tie in very nicely with the ideas put forward by the likes of Douglas (Trading in the Zone) and their ilk.
I believe that for small cap, non-pro traders that once you have mastered the basics of TA then the psychology (ie how you run your brain) of your trading is the biggest influence on your success (or otherwise). Can't speak for large cap/pro traders because I've not been there but it would be interesting to hear their views. Presumably, trading mega amounts is different due to liquidity etc but is the psychology the same?
Worth a listen if you're into this sort of thing - replay is here: BBC iPlayer - Radio - Audio on Demand