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Trading on drugs


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Trading on drugs

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  #1 (permalink)
Los Angeles
 
 
Posts: 11 since Feb 2021
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Hello everyone,

After suffering through many blown up accounts and confronting my sense of grandiosity I have finally come to accept trading is mostly psychology. It took me a lot of time and money to to admit this but I finally have. Anxiety, focus, fear are all dominate emotions while trading and contribute to many common mistakes traders make. I recently got diagnosed with ADD and was prescribed Adderall and WOW what a difference it made in my trading. I am able to keep my emotions at bay, my focus has gone through the roof and I am able to stay completely objective. Wondering if anyone else has tried Adderall for trading and what benefits or downsides they have felt?

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  #2 (permalink)
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I don't but want to follow along and see peoples responses, find this very interesting.

Like yourself (and I suspect many people) I have the same problem of emotional trading having screwed me more times than I like to admit. The days I'm focused and keyed in it's like night and day. It'd be nice to be in that state every time trading. I haven't tried any type of drug to help with focus, I would say I've leaned far more towards try and figure things out and improve, but there comes a point where one starts to wonder if the answer lies elsewhere.

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  #3 (permalink)
Los Angeles
 
 
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I agree, sometimes I feel that all humans are simply wired differently. If two people suffer an identical loss, that loss impacts the both of them differently from a biological standpoint. Some individuals, by nature, are more susceptible to emotional drama than others. Nevertheless one can definitely train his or herself to become less susceptible to these emotions but I believe you can only alter your biology to a certain extent

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  #4 (permalink)
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I have never tried Adderal in my life, I think here in Europe smart drugs are not as common as in the U.S.
I have watched a documentary about psychiatry years ago and it really shocked me, basically most of the mental illnesses are completely made up to sell drugs.
If I find the link about the documentary I will post it here.

Also, I worked for 10+ years as a middle man in the pharma industry and I was so surprised to see the big proportion of psychiatric drugs that are sold on a monthly basis.

So, before taking any drugs I would really investigate if you really suffer from ADD.

Don't worry about emotional trading, and being impulsive etc... we all suffer from it so you don't need to be ashamed about it. Read my journal and you will see that I am always taking impulsive trades and trying to cope with them.
I think in the long run acceptance is more powerful than any drugs, we all suffer from revenge trading, impulsive trades, over confidence etc... so we all need to work on them.

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  #5 (permalink)
Los Angeles
 
 
Posts: 11 since Feb 2021
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Thank you for that response, I will definitely check out your journal


SBtrader82 View Post
I have never tried Adderal in my life, I think here in Europe smart drugs are not as common as in the U.S.
I have watched a documentary about psychiatry years ago and it really shocked me, basically most of the mental illnesses are completely made up to sell drugs.
If I find the link about the documentary I will post it here.

Also, I worked for 10+ years as a middle man in the pharma industry and I was so surprised to see the big proportion of psychiatric drugs that are sold on a monthly basis.

So, before taking any drugs I would really investigate if you really suffer from ADD.

Don't worry about emotional trading, and being impulsive etc... we all suffer from it so you don't need to be ashamed about it. Read my journal and you will see that I am always taking impulsive trades and trying to cope with them.
I think in the long run acceptance is more powerful than any drugs, we all suffer from revenge trading, impulsive trades, over confidence etc... so we all need to work on them.


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  #6 (permalink)
Legendary Pratik_4Clover
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This could be recipe for disaster, what if things don't go your way even after taking the drugs? You assume its not enough? Start getting it outside of prescribed limit? In tern worsening your health problem (if you really have one?)

Doctors spend lot of time in school to learn what they do, I usually wont even advocate taking vitamins without talking with doctor first but this is taking things on dangerous lines.

However, this is your personal decision, good luck and I hope you keep succeeding.

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  #7 (permalink)
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I used to take adderall when I was younger and can say that I would probably be a better trader now in the short term because of its ability to help with concentration but one of my weaknesses is revenge trading and I have found it hard to stop trading sometimes after being down and if I was to take adderall now I think because of its obsessive effect I would just want to trade and trade and trade.

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  #8 (permalink)
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It might of been better to title this thread Trading on Adderall vs Trading on Drugs?

The first thing I thought when I saw the title was trading on illegal drugs like Cocaine or Heroin or what not.

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  #9 (permalink)
Legendary Market Wizard
Portland, OR
 
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I take a few pipe rips of green throughout the day. I really enjoy it especially with caffeine.

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  #10 (permalink)
Los Angeles
 
 
Posts: 11 since Feb 2021
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Haha yes I used it as a hook


Dasani View Post
It might of been better to title this thread Trading on Adderall vs Trading on Drugs?

The first thing I thought when I saw the title was trading on illegal drugs like Cocaine or Heroin or what not.


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  #11 (permalink)
Los Angeles
 
 
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Massive l View Post
I take a few pipe rips of green throughout the day. I really enjoy it especially with caffeine.

That's really interesting, if I tried to do that I'd just fall asleep

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  #12 (permalink)
Legendary Market Wizard
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futurestrader9979 View Post
That's really interesting, if I tried to do that I'd just fall asleep

I'm rarely ever tired. Always chasing something. Money, the gym, my wife.

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  #13 (permalink)
Legendary Mr. Sock and Buskin
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There is a difference between getting prescribed something to even something out within you, and getting high on something and trading. Unfortunately the two aren't exactly mutually exclusive- the medication you're prescribed can still get you high. I'm aware that it can affect everyone differently, and it seems to be helping you. But only you can determine whether or not your use of your medication is healthy or a good idea.

Every drug has it's positives and negatives in the short-term. Uppers may make you a better worker at the cost of feeling nervous, irritable, etc. Downers may make you feel hardly any stress at the cost of having less motivation to work. It all depends on you and your chemistry, but personally, I no longer think you should "take drugs and trade." If learning how to trade successfully has a lot to do with managing your own psychology and emotions, relying on drugs prevents you from learning how to do exactly that. Drugs are short-cuts that mask problems and prevent growth IMO. They can also be quite a pain in the ass to stop.

I'm by no means saying you should stop taking your medication. I'm just saying, drugs and trading don't mix in ill-adjusted individuals.

There's nothing to think about.

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  #14 (permalink)
Strat Enthusiast
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Fluid Fox View Post
There is a difference between getting prescribed something to even something out within you, and getting high on something and trading. Unfortunately the two aren't exactly mutually exclusive- the medication you're prescribed can still get you high. I'm aware that it can affect everyone differently, and it seems to be helping you. But only you can determine whether or not your use of your medication is healthy or a good idea.

Every drug has it's positives and negatives in the short-term. Uppers may make you a better worker at the cost of feeling nervous, irritable, etc. Downers may make you feel hardly any stress at the cost of having less motivation to work. It all depends on you and your chemistry, but personally, I no longer think you should "take drugs and trade." If learning how to trade successfully has a lot to do with managing your own psychology and emotions, relying on drugs prevents you from learning how to do exactly that. Drugs are short-cuts that mask problems and prevent growth IMO. They can also be quite a pain in the ass to stop.

I'm by no means saying you should stop taking your medication. I'm just saying, drugs and trading don't mix in ill-adjusted individuals.

Well said Zach.

Hope you're doing well.

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  #15 (permalink)
Toronto Canada
 
 
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I haven't traded on any recreational drugs and don't intend to but perhaps you could look into various psychological studies on concentration/creativity. For example, there is an older one on caffeine titled "Effects of Caffeine on Cognitive Performance, Mood, and Alertness in Sleep-Deprived Humans"

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  #16 (permalink)
Memphis, TN
 
 
Posts: 1 since Aug 2020
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Someone told me that there was some variation of marijuana that would keep you super focused. There is another variety that helps you run longer and I saw some people doing that on the run at one of the Ironman events I competed in once.

However, I think I focus better when I get enough sleep and eat properly.

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