You,as a trader,what do you think of Nootropics?

[Aveatrex]

A lot of people in different domains,either it is studying,working or trading,they use nootropics.
What is nootropics?
In short,nootropics are chemical substances that have direct impact on cognitive skills or help to concentrate and focus.Most popular ones are modafinil,racetams,amphetamines....
Trading is an activity that requires a lot of work and focus,I'm curious to know what is your experience as a trader with these kind of things

[harizen]

Not necessary.

If you are eager to do trades you can focus and concentrate without taking such substances. A well balanced meal and sleep with plenty time of rest should be fine. It's the most effective to way to relax our mind to the stressful word of trading.

And besides, if a trader is on the trading industry for long period of time, they surely knows how to focus on work especially at making strategy without the help of a supplements.

Anyways different people have different ways.

[rodskee]

A lot of people in different domains,either it is studying,working or trading,they use nootropics.
What is nootropics?
In short,nootropics are chemical substances that have direct impact on cognitive skills or help to concentrate and focus.Most popular oens are modafinil,racetams,amphetamines....
Trading is an acitivity that requires a lot of work and focus,I'm curious to know what is your experience as a trader with these kind of things

I think some people use it to stay calm and control itself
For my on own experience working in trading need to give more quality time to choose what is potential coins to gives earning in my day trade
But not it means  need to use any substantial drugs or vitamins to stay long hours or 24/7 focus in tarding i give 3 to 5 hours time allotment for my tarding to give way my other activities in real life and give enough rest if need to rest

[FlamingFingers]

Okay, those are drugs (let's not sugar coat them, please, they are even referred to as 'Smart Drugs'). So they still can damage your brain, destroy your health, ruin your life, and they are just as addictive as 'normal' drugs, if not worse, with terrible side–effects and few benefits. You don't really need that kind of 'brain boost' to trade cryptocurrencies (even if you are an anxious 24/7 trader who doesn't sleep), as it will make matters worse.

[Aveatrex]

Okay, those are drugs (let's not sugar coat them, please, they are even referred to as 'Smart Drugs'). So they still can damage your brain, destroy your health, ruin your life, and they are just as addictive as 'normal' drugs, if not worse, with terrible side–effects and few benefits. You don't really need that kind of 'brain boost' to trade cryptocurrencies (even if you are an anxious 24/7 trader who doesn't sleep), as it will make matters worse.

I respect your point of view,but I just want to point out that a "drug" isn't necessarily negative.When you are sick,you take drugs to cure yourself and still most of cures have side effects too with different degrees.Everything has a price and having a sharp brain for like 12 hours straight is pretty convenient in some cases,I admit that some nootropics have severe side effects but some of them not if you take the good dosage,let's just take the example of coffee or caffeine it's also a drug and sometimes also referred as a nootropic but in little effect.A trader who want to make the most of profit during a promising day would easily opt out for these,the world where we are living is competitive as f**k and it's only the beginning,a student who want to get into a good university is ought to give the better of himself,same for a worker who want to reach a financial status to build a family and live worthily.

Not necessary.

If you are eager to do trades you can focus and concentrate without taking such substances. A well balanced meal and sleep with plenty time of rest should be fine. It's the most effective to way to relax our mind to the stressful word of trading.

And besides, if a trader is on the trading industry for long period of time, they surely knows how to focus on work especially at making strategy without the help of a supplements.

Anyways different people have different ways.

Sure,what you have stated is correct.But clinical studies (neurons studies I guess?)of these nootropics back up the fact that it's way more effective than just "enough sleep" and "good diet"

[joniboini]

Okay, those are drugs (let's not sugar coat them, please, they are even referred to as 'Smart Drugs'). So they still can damage your brain, destroy your health, ruin your life, and they are just as addictive as 'normal' drugs, if not worse, with terrible side–effects and few benefits. You don't really need that kind of 'brain boost' to trade cryptocurrencies (even if you are an anxious 24/7 trader who doesn't sleep), as it will make matters worse.

Is this just your opinion or was it backed-up by some scientific research?

Sure,what you have stated is correct.But clinical studies (neurons studies I guess?)of these nootropics back up the fact that it's way more effective than just "enough sleep" and "good diet"

I still think that experience and skills (which requires time) are more important. And there's no study yet (at least that I know of) that shows the profits difference when experienced traders trade using nootropics or not. It probably gives them some boost, but I think won't it be that much. Well, this is just a claim and a study has to be done to prove it. The idea of using the substance itself doesn't bother me, it's just the same as when you drink coffee to keep you awake to finish your job.

Btw, meditation and self-hypnosis (NLP) could be another option to strengthen our focus.

[FlamingFingers]

I respect your point of view,but I just want to point out that a "drug" isn't necessarily negative.When you are sick,you take drugs to cure yourself and still most of cures have side effects too with different degrees.Everything has a price and having a sharp brain for like 12 hours straight is pretty convenient in some cases,I admit that some nootropics have severe side effects but some of them not if you take the good dosage,let's just take the example of coffee or caffeine it's also a drug and sometimes also referred as a nootropic but in little effect.A trader who want to make the most of profit during a promising day would easily opt out for these,the world where we are living is competitive as f**k and it's only the beginning,a student who want to get into a good university is ought to give the better of himself,same for a worker who want to reach a financial status to build a family and live worthily.

I was talking specifically about the types of 'Smart Drugs' you mentioned. Of course, there are good Nootropics with excellent results, not denying that. Unfortunately, the most popular ones are the worst with side–effects.

Okay, those are drugs (let's not sugar coat them, please, they are even referred to as 'Smart Drugs'). So they still can damage your brain, destroy your health, ruin your life, and they are just as addictive as 'normal' drugs, if not worse, with terrible side–effects and few benefits. You don't really need that kind of 'brain boost' to trade cryptocurrencies (even if you are an anxious 24/7 trader who doesn't sleep), as it will make matters worse.

Is this just your opinion or was it backed-up by some scientific research?

I recommend reading this piece: https://nootropicsexpert.com/smart-drugs-the-bad-and-the-ugly/
It extensively illustrates everything about Nootropics (or Smart Drugs), and the author seems to understand what he is talking about, unlike dozens of other media outlets that are clearly clueless (from what I have read so far).

[Aveatrex]

Unfortunately, the most popular ones are the worst with side–effects.

I would say instead,that the most effective nootropics are the worst with side-effects.Simply because the most effective ones are synthetic,therefore their side effects are much more dangerous that natural nootropics like coffee or like the ones you've stated above.

I still think that experience and skills (which requires time) are more important. And there's no study yet (at least that I know of) that shows the profits difference when experienced traders trade using nootropics or not. It probably gives them some boost, but I think won't it be that much. Well, this is just a claim and a study has to be done to prove it. The idea of using the substance itself doesn't bother me, it's just the same as when you drink coffee to keep you awake to finish your job.

Btw, meditation and self-hypnosis (NLP) could be another option to strengthen our focus.

Ofcourse,experience and skills are important.Nootropics won't make you "Smart" as everybody thinks it does.It will only give to a trader the possibility of giving the best of himself in terms of reasoning, alertness and focus,ofcourse he will not become rich over night thanks to a "magical" pill.
I don't know what to think of meditation,I have tried it before I don't know,I don't feel any self improvement except feeling sleepy.I prefer meditation with music,it gives a good boost of adrenaline.
If anyone has experienced nootropics while trading,please share your experience with us 

[The Sceptical Chymist]

Ha ha, great topic. 

I've read a bit about nootropics, but I've never tried them.  One of the ones I've been fascinated with is vasopressin, which apparently works as a nootropic.  Never tried it, but I've read some good stuff about it.

The amphetamines, methylphenidate, and modafinil make sense, since they're CNS stimulants and a lot of college students use them for studying binges.  It's damn hard to stay up all night cramming for an exam without a little chemical help.  Me, I did it with just Mountain Dew and coffee, but that's because I had a toxic relationship with illicit substances well before my college days.  *ahem*

You have to be careful with this stuff.  The stimulants can be addictive, and everything has side effects.

[cryptocrusher]

Personally when the markets are active and I'm trading I don't need any drugs to keep me alert, the whole thing almost feels like a drug to me when I'm completely sober. For other things in life though they're highly beneficial and I have zero issues with people using them, it's their own bodies and they should be free to do as they please.

[darkangel11]

You have to be careful with this stuff.  The stimulants can be addictive, and everything has side effects.

Most people say that these are not addictive and it's the main reason why they aren't banned. I was thinking about trying armodafinil as it's the improved version of modafinil and easily accessible where I live, but I talked to someone who tried using it and godt discouraged. It appears that the effects don't work wonders for some people. You can be a little more resistant to it. For instance that friend of mine took a normal dose and didn't feel anything, so the next day he doubled it and felt a slight increase of energy, during the day, but also couldn't sleep at night, so it basically threw him out of balance.
I also read about the side effects after prolonged use. Some people get like a hangover the next day or insomnia. I might try it anyway to see how my body reacts, but that's it.

[joshuarose]

maybe I should try chemicals from nootropics, to get high concentration and focus, but are there any negative effects from this, and how to get nootropics

[cryptocrusher]

You have to be careful with this stuff.  The stimulants can be addictive, and everything has side effects.

Most people say that these are not addictive and it's the main reason why they aren't banned. I was thinking about trying armodafinil as it's the improved version of modafinil and easily accessible where I live, but I talked to someone who tried using it and godt discouraged. It appears that the effects don't work wonders for some people. You can be a little more resistant to it. For instance that friend of mine took a normal dose and didn't feel anything, so the next day he doubled it and felt a slight increase of energy, during the day, but also couldn't sleep at night, so it basically threw him out of balance.
I also read about the side effects after prolonged use. Some people get like a hangover the next day or insomnia. I might try it anyway to see how my body reacts, but that's it.

Insomnia is one of the biggest side effects but you have to decide if that's worthwhile for you or not. Having access to a brain that can go at 100mph instead of just 50mph all day may be worth the turning over countless times as your mind is still racing while you try to sleep. Just don't try counter it with sleeping pills, that's when things will get messy.

[darkangel11]

Insomnia is one of the biggest side effects but you have to decide if that's worthwhile for you or not. Having access to a brain that can go at 100mph instead of just 50mph all day may be worth the turning over countless times as your mind is still racing while you try to sleep. Just don't try counter it with sleeping pills, that's when things will get messy.

The problem is that if you get thrown off balance by the pill you will struggle for days before you manage to get back on track. If you're working a day job it may mean that you'll have to take a day off to work out and get your body physically tired, so that you will fall asleep at night and wake up the next day for work. I'd say that this slight increase in cognition and reflexes for a day isn't worth it.
Back in the day when I was studying people were taking amphetamine on the day of the exam to have a clear mind, but the aftereffects are much worse. You're basically sick and tired the next day, yet it seems to work much better than nootropics.

[The Sceptical Chymist]

Most people say that these are not addictive and it's the main reason why they aren't banned.

Oh, there are plenty of addictive substances that aren't banned--morphine, methamphetamine, and a whole bunch of others are available by prescription in the US.  I'd also add that Nuvigil (armodafinil), Provigil (modafinil), and the stimulant meds for ADHD are all controlled substances.  I don't think Nuvigil/Provigil are extremely addictive, but the potential is there for abuse and dependence.  Just don't fool yourself into thinking any of these drugs are risk-free, because they're not.

I know plenty of college students who've used drugs recreationally and never developed a problem.  But if you have it in you to become a substance abuser or even a full-blown addict, there's plenty of risk.

maybe I should try chemicals from nootropics, to get high concentration and focus, but are there any negative effects from this, and how to get nootropics

It depends on which one you're talking about.  Every medication has (potential) side effects.  Every single one.  Honestly I would advise against using these drugs recreationally.  That's just me though.  Everyone has to find their own path with respect to substances.

[Thanasis]

A lot of people in different domains,either it is studying,working or trading,they use nootropics.
What is nootropics?
In short,nootropics are chemical substances that have direct impact on cognitive skills or help to concentrate and focus.Most popular ones are modafinil,racetams,amphetamines....
Trading is an activity that requires a lot of work and focus,I'm curious to know what is your experience as a trader with these kind of things

If something happened artificially it will leads to no effective or side effective even addiction so you don't have to consume any chemical to make the concentration power.You can do that from your experience and which will be better than your artificial chemicals,as I am not a regular trader but in my daily work also needs lot of concentration but I never thought about using any of these other than my cigarette!

[LeGaulois]

You can go to breathe bleach, it's the same thing, so. During the world cup, Russian players used ammonia. Those drugs aren't good for anything, if you think it helps to be focused, in the long run, your brain will be totally de-focused. A lot of traders use cocaine, guess why.

[ChrisPop]

I don't believe one should destroy his health for any activity. Health is the most important thing and we should value that more then earning money. If you have plenty of sleep and you have a balanced diet and overall a healthy lifestyle you should have the energy and the clarity to analyze the markets, respectively to make trading decisions.  See you in the market!

[darkangel11]

Most people say that these are not addictive and it's the main reason why they aren't banned.

Oh, there are plenty of addictive substances that aren't banned--morphine, methamphetamine, and a whole bunch of others are available by prescription in the US.  I'd also add that Nuvigil (armodafinil), Provigil (modafinil), and the stimulant meds for ADHD are all controlled substances.  I don't think Nuvigil/Provigil are extremely addictive, but the potential is there for abuse and dependence.  Just don't fool yourself into thinking any of these drugs are risk-free, because they're not.

It's the other way round here in the EU. Morphine is administered only in hospitals (and in the army). I haven't heard of cases of meth being prescribed by doctors here. AFAIK the most potent thing you can buy in pharmacies is codeine and then it goes downhill to things like ketoprofen (which is also prescribed). At the same time you can buy Nuvigil and Provigil without prescription. I guess you have to be mature, that's it. The prices are quite low as it costs about 1 USD per pill.

I know plenty of college students who've used drugs recreationally and never developed a problem.  But if you have it in you to become a substance abuser or even a full-blown addict, there's plenty of risk.

maybe I should try chemicals from nootropics, to get high concentration and focus, but are there any negative effects from this, and how to get nootropics

It depends on which one you're talking about.  Every medication has (potential) side effects.  Every single one.  Honestly I would advise against using these drugs recreationally.  That's just me though.  Everyone has to find their own path with respect to substances.

I agree. Everything can be addictive if you can't control yourself. There's plenty of people addicted to kaffeine or even sugar. I know a guy who used to get high on nutmeg. Yes that's possible!

[Aveatrex]

AFAIK the most potent thing you can buy in pharmacies is codeine

Codeine is just literally morphine in a little dosage.They renamed it to make it a without-prescription drug.

There's plenty of people addicted to kaffeine

I'm addicted to caffeine,if I drop it,I get symptoms of extreme fatigue,anxiety and headache.But it goes away after 1 or 2 days of rest.

You can go to breathe bleach, it's the same thing, so. During the world cup, Russian players used ammonia. Those drugs aren't good for anything, if you think it helps to be focused, in the long run, your brain will be totally de-focused. A lot of traders use cocaine, guess why.

I think you are confusing two different things here,mmonia can't be used as a nootropic anyway.We are talking here about drugs that were clinically proven to help focus,they were invented to cure people with health problems like narcolepsy,ADHD in the first place,and they got roundabout to be used for focus for normal people.

A lot of people in different domains,either it is studying,working or trading,they use nootropics.
What is nootropics?
In short,nootropics are chemical substances that have direct impact on cognitive skills or help to concentrate and focus.Most popular ones are modafinil,racetams,amphetamines....
Trading is an activity that requires a lot of work and focus,I'm curious to know what is your experience as a trader with these kind of things

I never thought about using any of these other than my cigarette!

Speaking of cigarette,Nicotine, the addictive stumulant to cigarettes is actually good for health in moderated dosage,what's actually not good for health in cigaratte are other components like carbon monoxyde...

Insomnia is one of the biggest side effects but you have to decide if that's worthwhile for you or not. Having access to a brain that can go at 100mph instead of just 50mph all day may be worth the turning over countless times as your mind is still racing while you try to sleep. Just don't try counter it with sleeping pills, that's when things will get messy.

yet it seems to work much better than nootropics.

Some people consider amphetamines as nootropics AFAIK.

Every medication has (potential) side effects.  Every single one.  Honestly I would advise against using these drugs recreationally.  That's just me though.  Everyone has to find their own path with respect to substances.

Totally agree with you.Although it seems that Modafinil and it's derivative have less side effects than most amphetamines and less than Adderall or Ritaline (Whose side effects include sudden death and severe other problems)

Just don't try counter it with sleeping pills, that's when things will get messy.

Yeah,some poeple use Metalonin (Sleep hormone) supplements to counter insomnai caused by nootropics,but honestly it justs messes up body's bilogical clock.