Perhaps my greatest interest in psychology is understanding what differentiates highly productive, successful, and creative individuals from their more ordinary peers. Trading happens to be a worthwhile area to assess factors that lead to success, because success is so quantifiable.
In the next series of posts, I will be exploring factors associated with greatness: superlative achievement across various disciplines. An excellent overview of this area is Dean Keith Simonton's book Greatness: Who Makes History and Why. Summarizing Simonton's research, Dutton outlines several characteristics of creative geniuses:
* They have an unusually broad range of interests;
* They are open to novel and complex ways of viewing things;
* They are capable of defocused attention: thinking about one thing while focusing on others;
* They display flexibility in their work habits;
* They tend to be introverted and prosper during periods of relative isolation;
* They generally are independent and unconventional.
In combination, these qualities enable creative geniuses to draw upon a broad range of experience to understand things in new, enlightening ways.
I work with traders and portfolio managers who have achieved consistent success across a number of years. To a person, they view markets in unique ways: not one of them looks at markets in a conventional, textbook manner. They come up with out-of-the-box trade ideas, because they truly are operating out of the box--and are not afraid to buck convention.
Of the factors contributing to trading success, creativity is one of the least appreciated. Show me a true "market wizard", and I'll show you someone who has developed his or her own philosophy and approach to generating, executing, and managing trade ideas.
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1 comment:
Enuf of this delightful psychobabble, Dr. Brett! As much as I enjoy reading it, I'm ready to see you get off your dopamine-drenched butt and start supplying us with some REAL feed again, like an update on your SPY/EEM RS one-week ahead predictor, and several other intriguing half-finished indicators, and timing-model projects which (over the past months) you've picked up, flung out as an idea, and then dropped, like any ideation-overstimulated addict, drunk on his own neurotransmitters.
Buckle down, get specific, and re-focus on your comprehensive Unified Field Model, which has been left tantalizingly-unfinished.
Oh, and by the way, a sincere lifetime’s worth of thanks for all the help and learning you’ve given us to date.
Daniel
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