Traders and investors are usually at the forefront of improved performance.
Getting a few milliseconds head start on a trade isn’t uncommon for the biggest and most elite hedge funds because every little difference could mean millions of dollars.
In today’s cut throat industry, nootropics and smart drugs are increasingly becoming popular. Even though the Wolf of Wall Street may have popularized cocaine use to improve performance, the truth isn’t far off. Many people on Wall Street are using whatever they can get their hands on and nootropics are the latest craze.
How are Nootropics Improving Financial Performance?
There may be no such thing as a limitless pill, but there are a host of nootropics and smart drugs that can boost cognitive performance. One of the most well-known is called modafinil (also known as provigil), which is commonly used by Silicon Valley execs and Wall Street traders alike.
This drug is a powerful concentration and alertness tool that people in elite positions are using to enhance the length of time they can work.
Many of the traders on the Wall Street floors are doing their job and including hours of research on the side so they can spot the few winners they need to make millions of dollars.
Other drugs, such as piracetam and aniracetam, are being used in order to enhance memory formation and learning ability. The number of people who are using piracetam for cognitive performance enhancement has been steadily growing especially after it became public knowledge that Tim Ferriss and Dave Asprey have used the drugs themselves.
Which Nootropics Really Make a Difference?
Every competitive landscape is filled with small differences that mean first or last place. Olympic athletes know that the difference between gold medal and last place is minute.
Using the following few nootropic and smart drug options, you can get ahead with your own trading career:
1. Modafinil – this is for longer nights of intense energy. While it isn’t a wonder drug, it will allow you to work harder and longer without the need for much food or distractions. While it is powerful, it isn’t as bad as Adderall or other amphetamines that can cause long-term damage to your brain and are unhealthy for your brain.
2.Aniracetam – similar to piracetam for memory formation, this drug can help you to improve memories with a focus and concentration component.
Most people who are using aniracetam find it helps to give them a boost different from caffeine while also reducing anxiety.
3. Bacopa Monnieri – this is an all natural solution that has been used in Ayurvedic Indian medicine for thousands of years. It is a perfect option for those who would like a more natural alternative.
Bacopa is useful as a way of improving mental performance primarily by reducing feelings of stress and anxiety. If you have ever failed a test because you were anxious about doing well, this is the type of herb that could solve that problem.
There is a whole world of nootropics that you can use to improve cognition, but these three can be a starting point to get your mind operating in a more efficient and successful manner.
Tarik Pierce is the founder of InvestorTrip.com and regularly contributes articles to this website.
While living overseas, he uses PureVPN for a low cost VPN service.
He recommends Bluehost for setting up your own personal and/or business blog.
While his background is mostly related to trading stocks, he recently gained interest in real estate crowdfunding with Fundrise.