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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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 to 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 Cogmed work­ing mem­ory train­ing may help stroke patients. See the ref­er­ence at Cogmed Research page (and full arti­cle here)
• The Jour­nals of Geron­tol­ogy pub­lished a series of related papers in their June issue, includ­ing this by 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.  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

• MindWeavers set to launch new ‘brain health’ soft­ware in the UK. “The company’s move into the adult brain health Read the rest of this entry »