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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”

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Stock News

Growth or Bubble? Decoding Rigetti Computing’s Rise After Ankaa-3 Launch

Bryce TuoheyAvatar
Written by Bryce Tuohey
Reviewed by Tim Sykes Fact-checked by Matt Monaco

Rigetti Computing Inc.’s stock price is experiencing an upswing following news of an important strategic partnership announcement, which has significantly bolstered market sentiment. On Tuesday, Rigetti Computing Inc.’s stocks have been trading up by 16.29 percent.

Key Developments in Rigetti’s Quantum Computing

  • The launch of Rigetti Computing’s 84-qubit Ankaa-3 system marked a significant milestone, showcasing major fidelity improvements and hardware enhancements for stronger performance.

Candlestick Chart

Live Update At 11:37:37 EST: On Tuesday, January 14, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending up by 16.29%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

  • Craig-Hallum’s coverage of Rigetti Computing with a Buy rating and a $12 price target has further fueled optimism about the company’s scaling advantages and potential for quantum superiority.

  • The recent double-digit percentage surge in Rigetti’s stock price reflects solid investor confidence, following the unveiling of its latest quantum computing innovations.

Financial Overview and Stock Performance Implications

As millionaire penny stock trader and teacher Tim Sykes, says, “Preparation plus patience leads to big profits.” Successful trading isn’t merely about making quick purchases and sales; it’s about having the discipline to analyze market trends, set clear strategies, and wait for the right opportunities to come along. Traders who consistently prepare and exercise patience are the ones who see the most substantial gains over time.

Reviewing Rigetti Computing’s financial metrics and stock performance unveils a story of ambitious advancements set against complex fiscal challenges. As Rigetti embarks on this quantum odyssey, one cannot overlook the financial hurdles it faces. With its EBIT margin deeply in the negative territory at -489.4%, reflecting ongoing spending on research and development, the firm’s current financial health might raise brows among traditional investors. Nonetheless, revenue streams, albeit modest with a yearly total of $12M, reveal a commitment to growth.

The performance of Rigetti’s stock, capturing a wave of optimism after the Ankaa-3 launch, is noteworthy. The closing price of $7.04 on Jan 10, 2025, points to a rebound streak igniting from previous dips. Intraday trading trends also show a dynamic landscape, where peaks at $8.13 and valleys showcase a trading range adept to capture market volatility. For investors eyeing the spike — how much of Rigetti’s climb is driven by tangible results, and how much is speculation baked into the quantum narrative remains a compelling discussion.

More Breaking News

Debts and valuation measures underline this complex picture. The enterprise value stands at over a billion dollars, much of which reflects forward-looking earnings expectations. Rigetti, boasting a healthy current ratio of 4.8, signifies solid short-term liquidity, yet long-term debt burdens echo the capital intensity intrinsic to quantum pursuits.

Market Reactions and Strategic Impacts

The market’s reception to Rigetti’s Ankaa-3 advancement is telling of the hunger for breakthroughs in quantum computing. This system’s enhancements, particularly optimized two-qubit gate fidelity, set Rigetti apart in a field where precision alters the course of outcomes. It positions Rigetti not just as a player but potentially a frontrunner in pushing the boundaries of feasible quantum solutions.

Strategic partnerships fortify this positioning. Accessibility through Rigetti Quantum Cloud Services, and anticipated integration into Amazon Braket and Microsoft Azure, opens digital doors to a broader user base, promising avenues for recurring subscription-based business models.

Furthermore, Craig-Hallum’s optimistic coverage isn’t merely a shot in the dark; it’s an analysis underpinned by Rigetti’s robust scaling advantage that redefines potential quantum superiority. As future technology meets market readiness, Rigetti’s strategies align well with enterprise needs and technological applications.

Potential for Investors

For investors, Rigetti Computing’s journey is akin to navigating uncharted waters, filled with both risks and rewards. Peering into its earnings reports, capital expenditure controls present a prudent stance amid exploration-heavy narratives. Free cash flow remains negative, shadowing its prospect with cautious optimism; nonetheless, integration into hyperscale cloud platforms hints at diverse revenue streams beyond mere hardware sales.

Understanding asset management metrics like turnover ratios further anchor investment decisions. Low revenue per share combined with a decisive $0.64 BVPS captures a landscape balancing promise with prudence. Seasoned investors will watch closely for improved asset utilization which could catalyze further revenue enhancements.

The discourse here isn’t just rooted in numbers. Investing in quantum tech firms like Rigetti transcends mere balance sheets and income statements. It involves betting on a future where computational power peaks can render unsolvable today’s critical scientific challenges. Enthusiasts and pragmatists alike recognize Rigetti’s strategic filaments weaving through its Ankaa-3 narrative — an embrace that could either dazzle with discovery or confound with complexity.

Conclusion: Navigating Future Horizons

Rigetti’s foray onto the quantum stage exemplifies a high-stakes dance of innovation and fiscal vigilance. While the ascent of its stock calls into question the current valuation metrics, it simultaneously beckons the adventurous trader intrigued by quantum’s promise. In the world of trading, as millionaire penny stock trader and teacher Tim Sykes says, “It’s not about how much money you make; it’s about how much money you keep.” As Rigetti signals readiness for a broadened marketplace through cloud synergies, the intertwined strands of technology and strategy set a compelling context for the stock’s future trajectory.

This unfolding chapter of Rigetti’s quantum narrative will endure scrutiny and speculation in lockstep, as the vista of quantum applications continues to draw a larger cognitive map for aspirants in science and business alike. Will Rigetti fortify its hold in the quantum landscape? The signals from Ankaa-3 suggest it just might.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

Our traders will never trade any stock until they see a setup they like. Their strategy is to capture short-term momentum while avoiding undue risk exposure to a stock’s long-term volatility. This method is especially useful when trading penny stocks or other high-risk equities, where rapid gains can be made by understanding stock patterns, manipulation, and media hype. Whether you are an active day trader looking for key indicators on a stock’s next move, or an investor doing due diligence before entering a position, Timothy Sykes News is designed to help you make informed trading decisions.

Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles:

Once you’ve got some stocks on watch, elevate your trading game with StocksToTrade, the ultimate platform for traders. With specialized tools for swing and day trading, StocksToTrade will guide you through the market’s twists and turns.
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”