Scientists have found the two secret ingredient for making and losing lots of money – testosterone and cortisol.
Researchers from Cambridge University have concluded the more testosterone a trader has, the richer they’ll become.
They measured levels of testosterone and cortisol (a stress hormone) in 17 traders at a City of London bank for eight consecutive business days. They found that those traders with higher testosterone levels in the morning were most likely to make money on the day’s trading. One trader hit a six-day “winning streak” during which he made more than double his daily profit. During that time his testosterone levels went up 74%.
The team also found that cortisol levels among the traders increased when their takings became more volatile and the market generally was less stable.
According to Bloomberg, scientists have actually linked testosterone and cortisol levels to a traders profit and loss volatility. When a traders levels of testosterone are high they’re confident and consistent. On the other hand, when traders generate cortisol in excess, they can suffer from anxiety, selective recall, and experience losses.
Research shows that traders who are in daily possession of more testosterone attack the day with vim, vigor and risk on their minds while traders who have higher levels of Cortisol, a hormone most associated with stress, are more cautious and less likely to make aggressive trades, and often become less successful.
How would I use this information to my advantage? Would I believe my testosterone was the only factor to make me a successful trader?
Having studied human behaviour and the mindset of wealth for 17 years I will say this. ALL human behavior is governed by your values and beliefs. Give me two people with different values, SUBJECT A with a high value on building wealth and loves the whole process, the math’s, the accumulation etc, BUT hates working out and refuses to do it. SUBJECT B who’s wealth building value is low on his hierarchy of values, but trades because he wants the money for what he really values in life and does strength training, I will take subject A every time. I care not how high his testosterone level is or his age.
Your values, beliefs and having a compelling reason will determine your financial success over every other factor. That is the core message of this site. Now, introduce a 3rd person, SUBJECT C, who has a super high value on building wealth, the markets, business, has aligned beliefs, etc AND they love strength training, I will pick this person EVERY TIME! We are talking about putting the statistical odds in your favor by working out, as long as you have the right values and beliefs.
If testosterone was the only factor to consider when building wealth, then all bodybuilders would be rich if they pursued it. The reason they are not is because they do not have the values, beliefs and reason to support the accumulation of it. Billionaire Richard Branson when asked if he had one tip for people to be more successful and profitable what would it be, he replied, get up early and workout.
THE SECRET RELATIONSHIP BETWEEN SEX DRIVE AND WEALTH.
Testosterone is produced mainly by the testes in men and the ovaries in women, as well as by the adrenal gland. Testosterone is the hormone which is responsible for your sex drive.
Napoleon Hill stated that in his observations of the 500 richest men when he wrote Think And Grow Rich, that the 500 men had very high sex drives, but they poured that sexual energy into creating wealth rather than pursuing sex.
Between the ages of 30 and 80 testosterone levels decline; levels can reach as low as 20 percent of what it was during your youth. A decrease in testosterone can lead to a number of illnesses such as heart disease and diabetes. There are a number of ways in which you can increase the levels of testosterone in your body and weight lifting is one of them.
Weight bearing exercises aid in increasing testosterone levels and decreases the amount of cortisol present in the body. The higher your testosterone levels the lower your cortisol levels, and vice versa.
To gain maximum advantage from weight bearing exercise, you should concentrate on performing exercises for large muscle groups. The body responds to heavy weights by releasing the human growth hormone testosterone, which allows you to lift heavier weights. Focus on using heavy weights performing five repetitions on compound exercises. Examples of compound exercises include bench presses for the chest, squats for the legs and barbell curls for the biceps.
Weightlifting also activates production of the stress hormone cortisol which cancels out testosterone, to avoid this keep weight lifting routines under 35 minutes.
Testosterone also acts as a fat burning substance which promotes weight loss. Testosterone also aids in the production of lean muscle tissue, your body will burn more calories with excess muscle because muscle is an active tissue and requires maintenance.
35 mins doing weight training exercises in the gym 2-3x per week to get richer, burn fat and get in shape….hhhmmmmmmmmmmmmmm