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 Post subject: Wall Street virtual stock trade game
PostPosted: Sat Feb 14, 2009 8:41 am 

Joined: Sat Feb 14, 2009 7:54 am
Posts: 1
World is in financial crise. Learn how to survive and play virtual stock exchange trading with stocks and goods. Only the best wins!


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PostPosted: Sat Feb 14, 2009 11:41 am 
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Joined: Wed Apr 04, 2007 7:46 pm
Posts: 1627
Location: Washington DC
I like this, but I'm moving this to links, tips, and tricks as I think its better there.

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PostPosted: Sun Feb 15, 2009 6:53 pm 
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Joined: Fri Dec 19, 2008 9:30 pm
Posts: 54
Location: Reno
It sounds like a fun concept, but it's still just a game. Real-life investing is a lot different. First of all, you're "playing" with real money, and most people are too impulsive and impatient: they buy on the hype (current gold craze, anybody?), sell whenever the price dips, panic easily, don't think long-term, etc. It's easy to stay cool when you know you're trading "funny money" and it won't affect your livelihood in any way. And then, of course, there's the 3-day waiting period for your funds to clear after you execute a trade (unless you're trading on margin, in which case, IIRC, it's only 1 business day). And who can forget about the Day Pattern Trading brought to you by the beloved SEC? I.e., if you have less than $25,000 in your trading account, you're a horrible, irresponsible and probably dumb human being and should not be allowed to do more than 3 day-trades per week. :roll:

So yes, this is definitely a fun game - but it's just a game. I daresay that the real market is a lot more difficult.

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PostPosted: Sun Feb 15, 2009 7:35 pm 
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Joined: Tue Aug 19, 2008 8:27 pm
Posts: 591
Location: NC
I prefer to play poker with fake money.


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