By: Alvaro Fernandez
We had the fortune to interview Dr. Brett Steenbarger on Enhancing Trader Performance and The Psychology of Trading as we launched our Neuroscience Interview Series.
Below, Expert Contributor Dr. Janice Dorn provides an in-depth brain-based discussion of the topic, concluding that “The brain is the most powerful structure in the known universe and the only trading tool that the trader needs to become an expert.”
No matter whether you are a Pro or Amateur Trader…this will certainly exercise your brain! (Dr. Dorn is preparing more articles on trading performance and the brain…so stay tuned).
This is Your Brain On Trading
— By Dr. Janice Dorn
The opening bell sounds, and sixty million traders enter the greatest arena in the world to do battle with each other. They put their money, beliefs and skills on the line as they make decisions to buy and sell. Welcome to the financial markets where billions of dollars are won and lost every day. Volatility compels all to engage their brains in the continuous process of decision making. What separates the winning from losing traders is the way they use their most powerful trading tool—the human brain.
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By: Alvaro Fernandez
The field of computer-based cognitive training (part of what we call “Brain Fitness”) is starting to get traction in the media and becoming an emerging industry, and we are happy to see how a growing number of researchers and science-based companies are leading studies that will allow toÃ‚Â better measure results and refine the brain exercise software available.
Published new research
- Computerized working memory training after stroke-A pilot study. A published study on how CogmedÃ‚Â working memory training may helpÃ‚Â stroke patients. See the reference at Cogmed ResearchÃ‚Â pageÃ‚Â (and full article here)
- The Journals of Gerontology published a series of related papers in their June issue, including this byÃ‚Â Karlene Ball, Jerri D. Edwards, and Lesley A. Ross on The Impact of Speed of Processing Training on Cognitive and Everyday Functions, J Gerontol B Psychol Sci Soc Sci 2007 62: 19-31.Ã‚Â Ã‚Â Abstract: “We combined data from six studies, all using the same speed of processing training program, to examine the mechanisms of training gain and the impact of training on cognitive and everyday abilities of older adults. Results indicated that training produces immediate improvements across all subtests of the Useful Field of View test, particularly for older adults with initial speed of processing deficits. Age and education had little to no impact on training gain. Participants maintained benefits of training for at least 2 years, which translated to improvements in everyday abilities, including efficient performance of instrumental activities of daily living and safer driving performance.”
Ongoing/ starting research