/biz/ - Business & Finance

>>58263179
1$ stocks usually mean it's about to be delisted and become wasted money, not the "free money" sign

>>58263223
No, I meant during the actual event when prices were going up and down.
I made it to Mogul, but got bored of clicking through the button and deleted my account.
Is trading IRL stocks anything like that, or was this just a parody?

>>58263223
This. For every stock sale there needs to be a buyer. This game had infinite buyers/sellers (unless it was more advanced than I assume). You're more than free to buy a stock at $1 but nobody will buy that shit from you for $2, leaving you with worthless stocks.

>>58263320
o back to bangladesh niggers

..
Anonymous (ID: dix+umEK)
04/02/24(Tue)09:36:02 No.58260591

>>58259784 #
>ok ranjesh, or should i call you by your callcenter name, Josh?

>>58263320
I always assumed you sold stocks to a centralized entity that will buy them no matter what.
How does one go about cashing out one's stocks, if no one is willing to buy them?

>>58263319
Full on parody

We werent trading against other people, just algorithm.

>>58263469
Because there were unlimited amounts of stocks? Or because we could sell and buy them at will?
Can you spoon feed me on the core difference between the minigame and the IRL stock market?

Buy low
sell high
Just do the exact opposite of what retards on /biz/ recommend.

>>58263549
The price movements weren't moved by people trading and by extension human psychology. The difference is that the algorithm was easy to predict but real markets are incredibly complex.

>>58263711
Yeah, but what would stop me from just buying low and selling high, like >>58263655 said.
Like if I had 1000$ and I bought stocks from 3 different companies and sold the stocks when they increased in value and repeated the process ad infinitum, wouldn't that be all there is to it, or am I missing something really obvious?

>>58263396
Someone post the screencap

>>58263396
>that's the neat part
>you don't
>you WILL hold the bag
>you WILL stick your head in it and suffocate

>>58263859
Technically that is what you are supposed to do in the end. The problem is that the timeframe for it to play out and the fact that there isn't a "bottom" to the stocks you are buying kinda messes up the plan. On the game stocks bottomed out at $1 and buying at that point guaranteed it would bounce because it physically couldn't go any lower. IRL you could buy a stock and wait months for it to just slow bleed with no bottom.

>>5826385
Stocks may not increase in value
People that bought gamestop still waiting more than 3 years for it to increase in value
They’re down 80%+

If you’re buying a good index fund like SPY then yes your strategy works.

>>58263179
>>58263319
Buy low, sell high. You've got it!

>>58263179
the only true to life part was the end where everything crashed and everyone lost everything

>>58263469
whaaat? i thought that the whole point of this that anons can trade against other anons

>>58263179
yes you should buy every stock that costs $1 and you will be a millionaire in no time

>>58264118
People buying / selling stocks impacted price but you werent trading other people.

>>58263179
Real life requires far more patience. People hold certain things for months, years, even decades.
But generally, buy low sell high. It won't be easy though, you will feel emotions as you make and lose money which influences your decision making and your patience.

>>58263859
It takes time. I held my stocks for 5 years before selling for max profit.