Archives of “Educational psychology” tag

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Successful, positive people have different brain connections

  
Analysis, Education, Video
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Scientists have for the first time observed a connection between particular brain centers and the presence of talent, success and positive lifestyle choices in people. The fMRI technique opens the door to extensive research which could improving human cognition.

The research was undertaken by the University of Oxford’s Centre for Functional MRI of the Brain (FMRIB). It took a large sample of 461 individuals, and crossed them with 280 behavioral traits, as well as demographic, traits – including language, vocabulary, education, income and others.

 

 

The initiative was part of the $30 million Human Connectome Project (HCP), funded by the US National Institutes of Health, aimed at studying the neural pathways of the brain. In this particular study, the Oxford team wished to create an average map of the brain’s processes.

“You can think of it as a population-average map of 200 regions across the brain that are functionally distinct from each other,” Professor Stephen Smith of Oxford University, said.

“Then, we looked at how much all of those regions communicated with each other, in every participant.”

The resulting maps, which the scientists called connectomes, included 280 behavioral and demographic traits for each subject. Compiling all data, a ‘canonical correlation analysis’ was able to establish correlations between the two data sets.

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Read these 12 Books to become A Better Trader/Investor

  
  Education
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1. The Talent Code by Dan Coyle.  There are four ingredients for being good at anything, thus trading.  Domain knowledge, critical feedback, sustained energy, and purposeful practice.  Train with these ingredients to find trading success.  

2. Golf if Not a Game of Perfect by Bob Rotella.  Confidence trading a $GOOG or $SPY is something built and essential.  This book, written by a top sports golf psychologist, helps you learn to build real confidence.  

3. The Daily Trading Coach, by Dr. Brett Steenbarger.  Dr. Steenbarger is the Coach K of coaching in the trading world.  

4. Bounce by Matthew Syed.  This book studies why a small cluster of young lads in England became the best table tennis players in the world.  This read emphasizes the importance of great coaching for elite performance.  

5. Drive by Daniel Pink.  When we were young our parents preached, “Find something you love and do it.  The rest will take care of itself.”  Dan offers a better thought, “Do what you do.”  If you are not trading, then how can you really love trading?  In today’s world the barrier for entry into trading is almost nothing.  Paper trade, open a small account, back-test.  But you should be trading if you love trading.  Do what you do!
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Deliberate Practice & Learning Curve

  
  Education
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How much time do you spend each week practicing trading-specific skills, obtaining feedback about your performance, and consciously working on improving your performance?

Do your trading results reveal a positively sloped learning curve?  What specific skills have you learned–and do you employ–over the past year that have made you a better trader?

6 Ways to Separate Lies From Statistics

  
  Education
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1. Focus on how robust a finding is, meaning that different ways of looking at the evidence point to the same conclusion. Do the same patterns repeat in many data sets, in different countries, industries or eras?

2. Results that are Statistically Significant means it’s unlikely findings simply reflect chance. Don’t confuse this with something actually mattering.

3. Be wary of scholars using high-powered statistical techniques as a bludgeon to silence critics who are not specialists.

4. Don’t fall into the trap of thinking about an empirical finding as “right” or “wrong.”

5. Don’t mistake correlation for causation.

6. Always ask “so what?” The “so what” question is about moving beyond the internal validity of a finding to asking about its external usefulness.

The Trader’s Journey

  
  Education
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  • A grand call to adventure. Who would not want to make a pile of money working from the comfort of your own computer screen?
  • Finding a mentor. Good mentors matter! Few of us who have succeeded would have done so without some help.
  • Crossing over into an “unreal” world. Markets are crazy. When we look deeply into markets, maybe we become a little crazy ourselves, and we certainly become disconnected from ordinary reality.
  • Facing dire challenges. The emotional highs and lows of trading can be extreme. Is there a trader alive who hasn’t been awake at 4am wondering if they can ever do this, why they ever tried in the first place, how they could be so stupid to make the same mistakes over and over, and what they were going to do tomorrow? (This is probably not the time to mention that we only write stories about the heroes that complete the journey! A lot of dragons feasted very well, for a very long time.)
  • Failure somehow, perhaps almost miraculously, is transformed to success.
  • We figure out how to incorporate our trading activities into the everyday world, and discover that things probably weren’t quite as exotic or difficult as we had thought.

See? Trading is not truly about learning patterns. It is not about learning some math. It is not about skill development, and it is not even about risk management. All of these things are important, but the real work of trading is work on ourselves.

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