Method and system to provide investment traders biofeedback in Real-Time during the decision time immediately prior to make or not make a transaction

• US 20160012530A1
• Filed: 07/08/2014
• Published: 01/14/2016
• Est. Priority Date: 07/08/2014
• Status: Abandoned Application

• Current Assignee: Richard Gardner
• Original Assignee: Richard Gardner
• Inventors: Gardner, Richard
• Application Number:
  US14/325,738
• Publication Number:
  US 20160012530A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: A61B 2503/20 Workers
• CPC Class Codes: A61B 5/165 Evaluating the state of mind, e.g. depression, anxiety
• CPC Class Codes: A61B 5/316 Modalities, i.e. specific diagnostic methods
• CPC Class Codes: A61B 5/369 Electroencephalography [EEG] devices for psychotechnics A61B5/16
• CPC Class Codes: A61B 5/486 Bio-feedback A61B5/375 takes precedence
• CPC Class Codes: A61B 5/6803 Head-worn items, e.g. helmets, masks, headphones or goggles
• CPC Class Codes: A61B 5/7246 using correlation, e.g. template matching or determination of similarity
• CPC Class Codes: A61B 5/746 Alarms related to a physiological condition, e.g. details of setting alarm thresholds or avoiding false alarms alarms per se G08B
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G16H 50/20 for computer-aided diagnosis, e.g. based on medical expert systems

Abstract

The present invention relates to system and method that analyze EEG brain wave data in real time throughout the day and correlating the data with the attention level of a person transmitting the EEG signals while he/she is working at a job. More particularly, the present invention is designed for investment day traders to evaluate their level of mental alertness and more particularly to correlate their level of mental alertness to their trading patterns but it is not limited to this industry sector.

Claims

1. A method of analyzing EEG brain wave data in real time throughout the day and correlating the data with the attention level of a person transmitting the EEG signals while he/she is working at a job.

2. The method of claim 1, wherein the person is a day trader at any market in the world.

3. The method of claim 2, wherein the method comprising:

receiving the trader'"'"'s EEG signals from headset to a computer that is running trading software;

processing EEG signals using algorithms that extract the trader'"'"'s attention level from the data;

programmatically correlating attention level data with the trader'"'"'s profitability level;

determining and saving attention threshold values; and

providing alerts that inform when to either trade or not trade.

4. The method of claim 3, the method further comprising automated trading wherein the software automatically places trades and stops placing trades based on the alertness level of brainwave patterns in conjunction with pre-defined trading rules either automatically generated by the software or defined by the trader.

5. The method of claim 3, wherein alerts provided by the software includes giving off an alarm or playing a recording of trading instruction or displaying text messages or pictures or changing colors of a financial chart to alert the trader to either trade or not to trade.

6. The method of claim 3, further comprising displaying a graph of alertness or attention level on the computer such that the trader can actually see his or her own alertness level move in real-time.

7. The method of claim 3, further comprising playing background meditation music of the trader'"'"'s choice to help maintain concentration levels.

8. A system for analyzing EEG brain wave data in real time throughout the day and correlating the data with the attention level of the person transmitting the EEG signals while he/she is working at a job, wherein the system comprising:

an EEG device,

software which correlates the EEG data with the alertness or attention level of the person generating the EEG data; and

any type of computer capable of running the software and compatible with EEG device.

9. The system of claim 8, wherein the person is a day trader at any market in the world.

10. The system of claim 9, wherein the software further correlates the attention level data with the day trader'"'"'s profitability level, determines and saves attention threshold values, and provides alerts that inform when to either trade or not trade.

11. The method of claim 10, wherein the software further provides automated trading wherein the software automatically places trades and stops placing trades based on the alertness level of brainwave patterns in conjunction with pre-defined trading rules either automatically generated by the software or defined by the trader.

12. The method of claim 10, wherein alerts provided by the software includes giving off an alarm or playing a recording of trading instruction or displaying text messages or pictures or changing colors of a financial chart to alert the trader to either trade or not to trade.

13. The method of claim 10, wherein the software further displays alertness or attention level on the computer such that the trader can actually see his or her own alertness level move in real-time.

14. The method of claim 10, wherein the software further plays background meditation music of the trader'"'"'s choice to help maintain concentration levels.

15. A method of analyzing EEG brain wave data in real time throughout the day and correlating the data with trading patterns of a day trader transmitting the EEG signals, the method comprising:

receiving the trader'"'"'s EEG signals from headset to a computer that is running trading software;

programmatically correlating the EEG signals with the trader'"'"'s profitability level, the EEG signals being in a form of EEG signals raw data or attention level data extracted from the EEG signals;

Determining and saving attention threshold values; and

providing alerts that inform when to either trade or not trade.

16. The method of claim 15, the method further comprising automated trading wherein the software automatically places trades and stops placing trades based on the alertness level of brainwave patterns in conjunction with pre-defined trading rules either automatically generated by the software or defined by the trader.

17. The method of claim 15, wherein alerts provided by the software includes giving off an alarm or playing a recording of trading instruction or displaying text messages or pictures or changing colors of a financial chart to alert the trader to either trade or not to trade.

18. The method of claim 15, further comprising displaying alertness or attention level on the computer such that the trader can actually see his or her own alertness level move in real-time.

19. The method of claim 15, further comprising playing background meditation music of the trader'"'"'s choice to help maintain concentration levels.

20. The method of claim 18, wherein the alertness or attention level is displayed in one of a variety forms including a graph, table, and any combinations thereof.