HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Ok, here's what I have to say about it...
A lot of the time (but not always) playing reset simply means buying something that went down the previous day, or shorting something that went up the previous day. Everyone scrambles to do that at reset because that's when you make the most profit on it during the day. But 90% of the ones that moved at reset yesterday I already held the way they moved, so that's why my port was up so much in such a short time. Playing reset (like every investment on here) is a bit of a gamble, you don't get involved if you're not willing to lose some money and learn a few things. But even if you can't actually stay up and play reset, you can still "play" it, if you know what I mean. Look at the stocks that moved the most during the day, and as late as you possibly can before heading to bed on that day, reverse them. For instance, a few days ago KKID2 went up a lot in one day, and the next plummeted. If you can observe the trends of the movies that are going up or down, you can position yourself to benefit from reset trading, rather than having your port hammered by it each day. Just experiment, learn the ropes a bit by trial and error. I had a few disastrous starts to it but I stuck with it, and now it's really helping my port to gain a lot. One thing I would say, though... I had to get over the attachment to securities with release dates. Most of the time I prefer to keep those because of their long-term gains available, but with reset trading, if you play them correctly, you probably make more in a few days on them than you would from holding them from now until OW adjust. Oh, another thing. Because some stocks are so pricey, I set myself a limit of how much per stock I was willing to reset trade with, because there were a few times that I was reversing LONER & SMRF2 etc, and the commission was really eating away at my profits. So if you're going to get into it, I'd suggest that you take a similar approach and set yourself a limit (eg. "I won't trade it if it's over $X per share", etc).
UGH I HATE RESETTERS {nm} Aug 23, 06:45
Don't hate the resetters, hate the way the game favors resetters. Aug 23, 09:11
how does the game favor resetters? Aug 23, 10:21
Out of the current top 10 movers up/down Aug 23, 10:38
I don't. You just have to know how to play the movements. In 15 minutes after reset today my port was up $1.5M. Aug 23, 14:56
It's not like I'm going to do it, but I would definately would love to hear about it... Aug 24, 05:38
Ok, here's what I have to say about it... Aug 24, 05:53
I would add, though... Aug 24, 06:10
Yes... Aug 24, 07:53
why do stocks that went up one day most often go down at reset? does it take less volume to move a stock at reset? Aug 25, 11:33
The reason is that reset traders get in first and set the tone of the movement for the day. Aug 25, 13:29
completely disagree with the message part (and don't take that personally ;)) Aug 25, 17:16
