Given the recent James Wat­son “race and IQ” con­tro­versy, I took on to read Stephan Jay Gould’s clas­sic book The Mis­mea­sure of Man, in which he debunks IQ (and the under­ly­ing “g”) as mea­sure of defined, innate, “intel­li­gence”. Fas­ci­nat­ing read­ing overall, very tech­ni­cal in some areas.

The key take-away? In the last chap­ter, A Pos­i­tive Con­clu­sion, he writes that

- “Flex­i­bil­ity is the hall­mark of human evolution…In other mam­mals, explo­ration, play and flex­i­bil­ity of behav­ior are qual­i­ties of juve­niles, only rarely of adults. We retain not only the anatom­i­cal stamp stamp of child­hood, but its men­tal flex­i­bil­ity as well…Humans are learn­ing animals”

He then relates this story from T.H. White’s novel The Once and Future King

- God, he recounts, cre­ated all ani­mals as embryos and called each before his throne, offer­ing them what­ever addi­tions to their anatomy they desired. All opted for spe­cial­ized adult features-the lion for claws and sharp teeth, the deer for antlers and hoofs. The human embryo stepped forth last and said: Please God, I think that you made me in the shape which I now have for rea­sons best known to Your­selves and that it would be rude to change. If I am to have my choice, I will stay as I am. I will not alter any of the parts which you gave me…I will stay a defence­less embryo all my life, doing my best to make myself a few fee­ble imple­ments out of the wood, iron, and the other mate­ri­als which You have seen fit to put before me..” “Well done”, exclaimed the Cre­ator in delighted tone. “Here all you embryos, come here with Read the rest of this entry »

Last Mon­day, NPR (very good US-based radio sta­tion) had a pro­gram on “do brain train­ing pro­grams work?” that reflected very old-fashioned think­ing. In short, the guest speak­ers talked and talked about the impor­tance of nutri­tion and phys­i­cal exer­cise (both very impor­tant, as we have cov­ered in this blog mul­ti­ple times), and expressed skep­ti­cism about the con­cept of exer­cis­ing our brains to improve atten­tion, mem­ory and other skills…I guess it takes a while to change old men­tal par­a­digms (And yes, some pro­grams work bet­ter than others).

Neu­ro­sci­en­tists have finally debunked that old think­ing that our brains decline inex­orably after a cer­tain age with lit­tle each of us can do to “exer­cise” or “train our brains”. But don’t trust me. Dur­ing the last year I have had the for­tune to inter­view 11 cutting-edge neu­ro­sci­en­tists and cog­ni­tive psy­chol­o­gists on their research and thoughts. Here are some of my favorite quotes (you can read the full inter­view notes by click­ing the links):

“Today, thanks to fMRI and other neu­roimag­ing tech­niques, we are start­ing to under­stand the impact our actions can have on spe­cific parts of the brain.”- Dr. Judith S. Beck, Direc­tor of the Beck Insti­tute for Cog­ni­tive Ther­apy and Research, and author of The Beck Diet Solu­tion: Train Your Brain to Think Like a Thin Per­son. Full Inter­view Notes.

“Learn­ing is phys­i­cal. Learn­ing means the mod­i­fi­ca­tion, growth, and prun­ing of our neu­rons, con­nec­tions called synapses and neu­ronal net­works, through experience…When we do so, we are cul­ti­vat­ing our own neu­ronal net­works. We become our own gar­den­ers — Dr. James Zull, Pro­fes­sor of Biol­ogy and Bio­chem­istry at Case West­ern Uni­ver­sity. Full Inter­view Notes.

“Exer­cis­ing our brains sys­tem­at­i­cally is as impor­tant as exer­cis­ing our bod­ies. In my expe­ri­ence, “Use it or lose it” should really be “Use it and get more of it”.- Dr. Elkhonon Gold­berg, neu­ropsy­chol­o­gist, clin­i­cal pro­fes­sor of neu­rol­ogy at New York Uni­ver­sity School of Med­i­cine, and dis­ci­ple of the great neu­ropsy­chol­o­gist Alexan­der Luria. Full Inter­view Notes.

“What research has shown is that cog­ni­tion, or what we call think­ing and per­for­mance, is really a set of skills that we can train sys­tem­at­i­cally. And that computer-based cog­ni­tive train­ers or“cognitive sim­u­la­tions are the most effec­tive and effi­cient way to do so. — Dr. Daniel Gopher, Direc­tor of the Research Cen­ter for Work Safety and Human Engi­neer­ing at Tech­nion Insti­tute of Sci­ence. Full Inter­view Notes.

“Indi­vid­u­als who lead men­tally stim­u­lat­ing lives, through edu­ca­tion, occu­pa­tion and leisure activ­i­ties, have reduced risk of devel­op­ing Alzheimer’s symp­toms. Stud­ies sug­gest that they have 35–40% less risk of man­i­fest­ing the dis­ease– Dr. Yaakov Stern, Divi­sion Leader of the Cog­ni­tive Neu­ro­science Divi­sion of the Sergievsky Cen­ter at the Col­lege of Physi­cians and Sur­geons of Colum­bia Uni­ver­sity, New York. Full Inter­view Notes.

“It is hardly deni­able that brains enchant Japan­ese peo­ple. We love brain train­ing. Dentsu, the biggest adver­tis­ing agency, announced the No.1 Consumer-chosen 2006 Prod­uct was game soft­ware and books for brain train­ing.”- Go Hirano, Japan­ese exec­u­tive, founder of NeuWell. Full Inter­view Notes.

“Elite per­form­ers are dis­tin­guished by the struc­tur­ing of their learn­ing process. It is impor­tant to under­stand the role of emo­tions: they are not “bad”. They are very use­ful sig­nals. It is impor­tant to become aware of them to avoid being engulfed by them, and learn how to man­age them. — Dr. Brett Steen­barger, Asso­ciate Pro­fes­sor of Psy­chi­a­try and Behav­ioral Sci­ences, SUNY Med­ical Uni­ver­sity, and author of Enhanc­ing Trader Per­for­mance. Full Inter­view Notes.

“We have shown that work­ing mem­ory can be improved by train­ing…I think that we are see­ing the begin­ning of a new era of com­put­er­ized train­ing for a wide range of appli­ca­tions.  Dr. Torkel Kling­berg, Direc­tor of the Devel­op­men­tal Cog­ni­tive Neu­ro­science Lab at Karolin­ska Insti­tute. Full Inter­view Notes.

“Train­ing is very impor­tant: atten­tional con­trol is one of the last cog­ni­tive abil­i­ties to develop in nor­mal brain development…I can eas­ily see the rel­e­vance in 2 fields. One, pro­fes­sional sports. Two, mil­i­tary train­ing.  Pro­fes­sor Bradley Gib­son is the Direc­tor of the Per­cep­tion and Atten­tion Lab at Uni­ver­sity of Notre Dame. Full Inter­view Notes.

“I don’t see that schools are apply­ing the best knowl­edge of how minds work. Schools should be the best place for applied neu­ro­science, tak­ing the lat­est advances in cog­ni­tive research and apply­ing it to the job of edu­cat­ing minds. — Dr. Arthur Lavin, Asso­ciate Clin­i­cal Pro­fes­sor of Pedi­atrics at Case West­ern School of Med­i­cine, pedi­a­tri­cian in pri­vate prac­tice. Full Inter­view Notes.

“Cog­ni­tive train­ing rests on solid premises, and some pro­grams already have very promis­ing research results. Some of the most are promis­ing areas are: neu­ro­feed­back, which as a whole is start­ing to present good research results, and work­ing mem­ory train­ing. — Pro­fes­sor David Rabiner, Senior Research Sci­en­tist and the Direc­tor of Psy­chol­ogy and Neu­ro­science Under­grad­u­ate Stud­ies at Duke Uni­ver­sity: Full Inter­view Notes.

There is much we can do every­day to lit­er­ally exer­cise our brains. No mat­ter our age. So much to Learn…so Good to Learn! Let’s see when this story makes it into NPR.

I have just read the best blog post I have read in a loooong while, so let me share it here now. Brett Steen­barger is a Pro­fes­sor of Psy­chi­a­try & Behav­ioral Sci­ences and a Trad­ing Psy­chol­ogy expert who I had the plea­sure to inter­view a while back. He is a mas­ter at trad­ing, learn­ing, teach­ing and coaching.

And has writ­ten this superb post: When Traders Lose Con­fi­dence — Part Three: Struc­tur­ing Your Expe­ri­ence. We talk in this blog a lot about neu­ro­plas­tic­ity and cog­ni­tive and emo­tional train­ing, but what Brett out­lines is, in sum­mary, a very healthy atti­tude to life, life­long brain plas­tic­ity, brain health, and suc­cess. Not bad!

See below a few of his quotes-but please read the full arti­cle here:

• What we call the “self”–how we expe­ri­ence ourselves–is the result of all that we inter­nal­ize from peo­ple and events.
• Because we are always hav­ing new experiences–and can inter­nal­ize these–we are always, to some degree, remak­ing who we are.
• Every activ­ity we engage in pro­vides us with feed­back about our­selves: our abil­i­ties, how we’re per­ceived by oth­ers, our char­ac­ter. In select­ing what we do, who we do it with, and how we do it, we can struc­ture our expe­ri­ence to cre­ate mir­rors of suc­cess and mastery.
• Expe­ri­ence is our psy­cho­log­i­cal food; it’s vital that we feed our­selves well. But what does it mean to struc­ture our expe­ri­ence and feed our­selves well psychologically?
• The rea­son I’m effec­tive as a psy­chol­o­gist, I believe, is not because I’m all that more edu­cated than oth­ers or uti­lize such bet­ter tech­niques. Rather, I have an uncanny abil­ity to see the best in peo­ple; to push aside the prob­lems of the moment and see through to qual­i­ties of great­ness that are present within most of us, how­ever fleet­ingly. It’s because I see the best in peo­ple that I can be a good mirror–and help oth­ers see in them­selves what they oth­er­wise can­not appre­ci­ate on their own Con­fi­dence comes from the right kind of mirroring–and we can choose our mirrors.

Please enjoy When Traders Lose Con­fi­dence — Part Three: Struc­tur­ing Your Expe­ri­ence.

Given the stock mar­ket per­for­mance these days, Brett Steen­barger offers timely tips and resources for traders on man­ag­ing stress and self-confidence: Updated Psy­chol­ogy of Trad­ing Resources, includ­ing a list of rel­e­vant blogs such as Afraid to Trade blog, Trader Psy­chol­ogy blog, the Head Coach blog, his Stock Mar­ket Psy­chol­ogy blog and Smart Trader blog.

He also offers very good advice to build self-confidence, which can be use­ful to us all, no mat­ter our pro­fes­sion: When Traders Lose Con­fi­dence — Part Two: Chang­ing Your Self-Talk .

• “The key to chang­ing the self-talk is to become aware of when you’re doing it. Most often, the neg­a­tive talk is auto­matic. Jour­nals are effec­tive because they force us to reflect on our think­ing and inter­rupt those auto­matic pat­terns. Sim­i­larly, I’ve had great results work­ing with traders who talk their thoughts out loud into a tape recorder and then play them back. It’s an excel­lent way to become aware of your think­ing, stand apart from it, and break the flow.”
• “Yet another strat­egy is to go through guided visu­al­iza­tions of chal­leng­ing mar­ket sce­nar­ios while you’re calm and focused (before trad­ing starts) and then men­tally rehearse the self-talk you’d like to engage in dur­ing those sit­u­a­tions. This helps to build new, pos­i­tive pat­terns of self-talk.
• “The key to all these strate­gies is rep­e­ti­tion: you’re train­ing your­self to process infor­ma­tion in new ways, and such train­ing requires practice.”

You may enjoy our inter­view with Brett N. Steen­barger on Enhanc­ing Trader Per­for­mance. And learn more on other tech­niques at Best prac­tice for top trad­ing per­for­mance: biofeed­back and solu­tions for Traders.

Today I have an announce­ment to make. You prob­a­bly are seeing all the arti­cles about Brain Fit­ness in the press and wondering, “What is this all about?”, “Can some­one help me nav­i­gate through all the pro­grams out there?”, “How is Brain Fit­ness rel­e­vant to me in my per­sonal life or at work?”. Well…we are deliv­er­ing a series of work­shops to com­pa­nies and orga­ni­za­tions com­bin­ing mod­ules –includ­ing sci­en­tific overview, the indus­try trends and key play­ers, fun team-building exer­cises– that can be tai­lored to each organization’s spe­cific needs. Ses­sions last from 1 to 6 hours, depend­ing on the group’s com­po­si­tion and agenda and are deliv­ered either in per­son or via web conference.

We want to be able to reach more orga­ni­za­tions, so please let us know of any ideas!

Some recent examples

1. Man­ag­ing Stress for Peak Per­for­mance (we men­tioned some notes on an Accen­ture ses­sion)

New and chal­leng­ing sit­u­a­tions – such as tak­ing on new respon­si­bil­i­ties– can trig­ger reac­tions in our brain and body that limit or even block our decision-making abil­i­ties. These reac­tions may also harm our long-term brain power and health. Although we can­not avoid change and stress­ful sit­u­a­tions, we can learn how to man­age our stress lev­els to ensure peak performance-even in tough moments. The lat­est neu­ro­science research proves that stress man­age­ment is a train­able “men­tal mus­cle.” This is true for any high pres­sure pro­fes­sion, be it trad­ing, sports, or sim­ply mod­ern life.

2. The Sci­ence of Brain Health and Brain Fit­ness (sim­i­lar to what I will teach at UC Berke­ley OLLI)

Neu­ro­sci­en­tists have shown how the human brain retains neu­ro­plas­tic­ity (the abil­ity to rewire itself) and neu­ro­ge­n­e­sis (the cre­ation of new neu­rons) dur­ing its full life­time, lead­ing to a new under­stand­ing of Read the rest of this entry »

Pro­fes­sor, trader and author Brett Steen­barger, one of the main experts on Trad­ing psy­chol­ogy and Trader Per­for­mance (see our inter­view with him here), just announced he will speak at a Free Inter­ac­tive Webi­nar on Trader Performance

• “Dur­ing the Webi­nar, I will sum­ma­rize and elab­o­rate basic ideas from my book and also intro­duce new ideas devel­oped and applied since the book’s pub­li­ca­tion. A unique fea­ture of the ses­sion will be a par­tic­i­pant Q&A mod­er­ated by Steve.” (Steven Buss, a mem­ber of the NeoTicker forum)

He recently wrote a great post on My Favorite Tech­niques for Over­com­ing Per­for­mance Anx­i­ety in Trad­ing, includ­ing a won­der­ful tech­nique (see arti­cle to read the full description)

• “Of late, I’ve been mak­ing use of heart rate vari­abil­ity feed­back through the Freeze-Framer pro­gram, which offers a nice graph­i­cal inter­face to help users track their progress and visu­ally deter­mine whether or not they’re in “the zone”.
• “Once the trader becomes adept at this, I then add Read the rest of this entry »

We often talk about how stress man­age­ment is as impor­tant as cog­ni­tive train­ing for brain fit­ness. We have also seen how traders can improve their per­for­mance by learn­ing how to man­age emo­tions of anx­i­ety and fustration.

Golf Digest has just pub­lished an arti­cle on how golfers can see their game improved thanks to stress man­age­ment pro­grams. Golf Digest’s Edi­tion includes the arti­cle Play­ing with heart: Peb­ble Beach’s top teacher wants to choke­proof your game, explain­ing how Laird Small, direc­tor of the Peb­ble Beach Golf Acad­emy and the 2003 PGA of Amer­ica Teacher of the Year, has been using these pro­grams for a num­ber of years.

Even more inter­est­ingly, it also relates how Read the rest of this entry »

Brett N. Steen­barger , Ph.D. Asso­ciate Pro­fes­sor of Psy­chi­a­try and Behav­ioral Sci­ences at SUNY Upstate Med­ical Uni­ver­sity, active trader for over 30 years, for­mer Direc­tor of Trader Devel­op­ment for Kingstree Trad­ing, LLC, author of The Psy­chol­ogy of Trad­ing and the new Enhanc­ing Trader Per­for­mance, and of the blog Trader­Feed: Exploit­ing the edge from his­tor­i­cal mar­ket pat­terns, is writ­ing a great col­lec­tion of best prac­tices for traders (many of which are very rel­e­vant for all high-pressure occupations).

He wrote a great arti­cle a few weeks ago on the value of biofeed­back in achiev­ing self con­trol, and now deep­ens the dis­cus­sion with this best prac­tice for traders.

Both arti­cles are a fun read-here go some quotes from the most recent one

• “This best prac­tice describes biofeed­back as a tool for per­for­mance enhance­ment among traders. It empha­sizes that the role of biofeed­back is to keep us in touch with our (implicit) knowl­edge, not to elim­i­nate emo­tion from the decision-making process.”

• “we want to con­trol the level of cog­ni­tive and phys­i­cal arousal so that we retain access to exper­tise that is already present. Biofeed­back is a pow­er­ful tool for achiev­ing such cog­ni­tive and phys­i­cal con­trol.”
• “Through struc­tured prac­tice, peo­ple can learn to sys­tem­at­i­cally improve their abil­ity to enter and remain in states of calm focus. Such abil­ity is impor­tant to trad­ing (and many other per­for­mance activ­i­ties), not because it elim­i­nates emo­tion, but because it pre­serves our access to the somatic mark­ers that rep­re­sent our mar­ket feel. The heart rate vari­abil­ity feed­back is par­tic­u­larly user friendly, because it is com­puter based and can track progress both in prac­tice ses­sions and in real time performance.”
• “Using the Freeze-Framer pro­gram, audi­ble sig­nals tell the user when he or she is expe­ri­enc­ing high, medium, or low “coher­ence”, which is a mea­sure of emo­tional reg­u­la­tion. On-screen games require the user to keep a float­ing bal­loon in the air, for instance, based upon sus­tained medium and high read­ings. I recently had an inter­est­ing expe­ri­ence dur­ing one feed­back ses­sion: I sus­tained a high level of the bal­loon, but then clicked a wrong but­ton on the screen and erased my data acci­den­tally! After that frus­tra­tion, it was *much* harder for me to keep the bal­loon in the air. It was a nice illus­tra­tion of the impact of frus­tra­tion even sev­eral min­utes after an event.”

You can learn more about this best prac­tice for Traders and other high-pressure occu­pa­tions where learn­ing how to iden­tify and man­age our emo­tions and lev­els of stress is crit­i­cal for performance.

Big party today. Car­ni­vals everywhere. 

Car­o­line and I admit we are quite biased. We see the world through our own lenses. Which, these days, means a lot of pas­sion for the science-based Brain Fit­ness Rev­o­lu­tion. We have been try­ing hard to com­bine fun brain teasers with seri­ous posts on how brain research is start­ing to influ­ence Edu­ca­tion, Health and Train­ing, and are thank­ful that these efforts are start­ing to pay off-Mission Accomplishing!

The week­end started very well. Kevin from IQ Cor­ner and Tick­Tock­BrainTalk had brought great early aus­pices by intro­duc­ing a Sharp­Brains feed box into his blog. A num­ber of trad­ing blogs, includ­ing Brett Steenbarger’s and Trader Mike’s, enjoyed our posts on trader per­for­mance and biofeedback.

Today has been the full Car­ni­val day. Read the rest of this entry »

Brett Steen­barger, the renowned expert in Trader Per­for­mance and author of the blog Trader­Feed: Exploit­ing the edge from his­tor­i­cal mar­ket pat­terns, among many things, just posted a kind note on our Peak Performance/ emo­tional man­age­ment solu­tion for traders.

He says: “This is the first biofeed­back appli­ca­tion that I’m aware of that is uniquely mar­keted to traders. I’ve used biofeed­back to mon­i­tor my body’s level of arousal dur­ing trad­ing and have found it to be quite useful.”

How does this work?

Traders, or any­one involved in very com­plex and rapidly evolv­ing envi­ron­ments, need to make split sec­ond deci­sions based on sound logic, instead of emo­tional impulses. It is not easy to deal with frus­tra­tion, for exam­ple, when a trade doesn’t go the way we antic­i­pate. Stress can also cause us to miss new pat­terns in the mar­ket, thereby pre­vent­ing us from adapt­ing to, and suc­ceed­ing in, new circumstances.

A biofeedback-based Peak Performance/Stress Man­age­ment pro­gram may be use­ful, because a tool such as The Freeze-Framer biofeed­back sys­tem pro­vides real-time visual feed­back on our “inter­nal per­for­mance” and helps us iden­tify and learn how to man­age the emo­tional arousal that can dis­rupt exec­u­tive func­tions: judg­ment, plan­ning, ana­lyz­ing, and rea­son­ing. The graphs above show the dif­fer­ence in our body rhythms between frus­tra­tion and the smooth tar­get pat­tern of “The Zone” in an opti­mal learn­ing process and peak performance.

For more infor­ma­tion on Trader Per­for­mance, an inter­view with Brett Steen­barger, or to buy this this pro­gram, click on Brain Fit­ness Pro­gram for Traders. You may also want to learn more about find­ing your trad­ing niche.

Enjoy,

Alvaro