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To: LemonFlavor who wrote (872)8/30/2000 6:56:58 PM
From: exdaytrader76  Read Replies (4) | Respond to of 1426
 
IQ vs. intuition

In my one month of real trading, I felt about zero intuition. I know it exists, but I have not seen it firsthand. The traders I see who rely most on intuition or "gut feelings" are the ones losing the most money. IQ helps you analyze and make rules. Equally important is the other part of your gourd that controls emotions and the psyche. I think intuition must come after first applying all your rules, but it can be the difference between making and not making money.

So your theory is 1 for 1.



To: LemonFlavor who wrote (872)8/30/2000 7:32:25 PM
From: dannobee  Read Replies (1) | Respond to of 1426
 
The correlation that I've personally seen is that of using heuristics and divergent thinking to solve problems. That tends to remove the sometimes complicated explanations for things and puts them in a more manageable context. Reducing things so that they require little cognitive effort to yield similar results seems to be the way to go, IMHO. The divergent thinking part will necessarily widen your though processes.
As for being happy, I think anyone could be happy, with or without intelligence. Two different elements of the psyche, and are not mutually exclusive events. If you ever happen to come across a genie granting you only one wish, wish for eternal happiness. You can't really ask for much more than that, and if you happen to be an idiot, well, at least you'd be a HAPPY idiot. As for me, personally, sure, I get frustrated at society and individuals at times. At least some of that I can attribute to intelligence. There have been studies that verify the validity of the claim that the amount of information transferred between to individuals really suffers when the difference in their IQ's is over 30 points. Some of us use that disparity to our advantage. =)

For what it's all worth
Danno