If your nails have taken a beating along with the economy, you might be able to blame your genes for desperately needing a manicure. Nail-biting nerves are genetic, according to new research — the study showed that a person's ability to deal with market turmoil is linked to her DNA.
Subjects' DNA was tested for variations of serotonin and dopamine which are thought to be impact risk-taking behavior, and the data was used to identify individuals with high-risk profiles or high-anxiety profiles. The participants were given money and told to invest it however they wanted, and the previously identified high-anxiety individuals invested 28 percent less money in risky investments than their high-risk peers.
Still, researcher Camelia Kuhnen acknowledged that experience has a lot to do with how much risk a person can handle and said, "People may learn a lot from this crisis."
CAFe'NOIR
Interesting.
1It is like anything that involves heart-pounding moments. When a solider is first inserted and shot at, it is carries a very different emotional impact than a known controlled training environment.
When a trader trades with virtual money, or other people's money, it doesn't carry the same impact as when that trader begins trading with his/her own money. When I first made a couple trades with my own money, I had to learn how to lose money. What that meant was to learn how to stay composed when things went down, and how to not get too euphoric when things went up. If either happens you can panic on the way down, or lose all gains when things get too bubbly (pop).
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