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02-14-2012, 10:32 PM #26Web Hosting Master
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02-14-2012, 11:02 PM #27Web Hosting Master
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02-14-2012, 11:07 PM #28Web Hosting Master
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Was a math teacher that I think had us do this as a learning experience but a lot of students had just virtually bought from a brand they knew regardless. Told us to depending on the company, purchase virtual stock at a certain date based on a month or two before said company has product announcements or releases. Such as apple releasing a new product or revision every X months. Never did find out if that was the proper way to do it.
I purchased each time a company had a flop release or major issue that wasn't bad enough to actually close these larger company's since eventually, they do recover from it.
May not have been the best but even with small things I have been doing the same and doing well. Seems like a bad idea for those that actually make a living off of this though.
If I had the money I wouldn't mind learning as much as possible relating to anything to this. Although, if I could I would probably find a college that as a lot of options to choose from and go through every single academic offering for the rest of my life.
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02-14-2012, 11:17 PM #29Web Hosting Master
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02-15-2012, 03:07 AM #30Web Hosting Master
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02-15-2012, 06:08 AM #31Web Hosting Evangelist
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thanks for sharing that game.
i cant help but think "oh if only it was that simple" then i realise that that is an 8 week 'simulation' compressed down into a few minutes. 10 games is close to 2 years of 'real time' trading-> if we spent all day every day for 2 years looking at pattern trends across several stocks, then odds are we too would be able to pull in a few $$$ as well..
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02-15-2012, 11:04 PM #32Web Hosting Master
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There is also something to be said for not checking the market every minute of every day. Some of the successful traders of the 20th century (particularly 1940s and 1950s era) referenced primarily trading based on patterns spanning several days/weeks. This also partially stops the notion of cutting short gains to lock in profit.
As has been said: "In the end, to their detriment, people are always risk-averse toward gains, but risk-seeking toward losses."
-mike
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