Trading in twilight: sleep deprivation makes you a worse investor

“We test whether mental alertness, as proxied by sleep disruption, impairs investor trading performance. Using four complementary approaches, we document that retail investors who experience a later sunset time on average earn lower abnormal returns on their trades.”

Trading in twilight: sleep deprivation makes you a worse investor

“We test whether mental alertness, as proxied by sleep disruption, impairs investor trading performance. Using four complementary approaches, we document that retail investors who experience a later sunset time on average earn lower abnormal returns on their trades.”

https://www.nber.org/papers/w33477

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

definitely increases propensity for emotional/irrational decisionmaking

great irony that many crypto traders glorify "locking in" but is actively harmful for performance if you aren't sleeping, working out etc.