Anyone worked out yet how coffee affects trading - good or bad?
Edit: to make this more a 'rant' I think I have sometimes hated the over hyped feeling it gives me and temptations to go rather tilted!
RANT CORNER
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The positive effects of caffeine on decision making in the short term are pretty well-documented. The downside is that it still is a drug, albeit a very minor one, producing dopamine amongst other things. I remember seeing studies on the negative effect of caffeine and other perfomance enhancing drugs in relation to reckless gambling in poker, because of the dopamine factor. I do not know whether the studies were later verified or debunked.stueytrader wrote: ↑Wed Aug 22, 2018 1:06 pmAnyone worked out yet how coffee affects trading - good or bad?
Edit: to make this more a 'rant' I think I have sometimes hated the over hyped feeling it gives me and temptations to go rather tilted!
In terms of common sense, it did seem logical. You've started, the first part of the day with three cups of coffe, and you're sat there with a brain of chemically-induced dopamine. The effects wear off the coffee, dopamine with it, and you've got a perfect substitute for the dopamine, your brain no longer has, right in front of you on the screen...
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Yep, I do agree that it can help with sharpness of thinking as your post suggests. The second issue, about the 'dip', also seems to tally with possible sensation seeking/risky trading.
I've just installed a spelling and grammar add-on for Firefox called Grammarly. It's quite good, the problem is it counts the number of spelling mistakes in the entire text box including the post that I'm quoting, displays the figure at the bottom of the text box and blames me for them!!
Judging a man by the company he keeps!Derek27 wrote: ↑Fri Aug 24, 2018 10:32 pmI've just installed a spelling and grammar add-on for Firefox called Grammarly. It's quite good, the problem is it counts the number of spelling mistakes in the entire text box including the post that I'm quoting, displays the figure at the bottom of the text box and blames me for them!!
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Must be programmed by women. Sounds suspeciously like every woman, I've ever datedDerek27 wrote: ↑Fri Aug 24, 2018 10:32 pmI've just installed a spelling and grammar add-on for Firefox called Grammarly. It's quite good, the problem is it counts the number of spelling mistakes in the entire text box including the post that I'm quoting, displays the figure at the bottom of the text box and blames me for them!!