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Day Trading American Bitcoin Corp. Stock May Not Be Worth the Risk

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BTC LUNA ABT
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American Bitcoin Corp. (ABTC) stock has been in the spotlight recently, but research suggests that day trading may not be as profitable as it seems.

A study published in 2019 by Fernando Chague, Rodrigo De-Losso, and Bruno Giovannetti found that 97% of traders with more than 300 days actively trading on the Brazilian futures contract market lost money. Only 1.1% earned more than the Brazilian minimum wage ($16 USD per day).

This study is in line with earlier research by Brad M. Barber and Terrance Odean, who found that most active traders lose money due to overconfidence and overtrading.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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