HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
I'm not sure how MUCH time you spend here to play, but...
It took me quite ahwile to get to $1B....but when *I* started playing, we could not short stocks, there were no derivatives, and very few Funds...so the time it took to get to $1B was longer than playing today. If you have been here for 2-3 years with only $16M, you either are not playing as often, or are not taking advantage of all the things you can do to earn $. I'm not saying that to be critical, but just pointing out there are lots of ways to build your port now.
As PRodQuanta pointed out, playing openers is probably the FASTEST way to build your port with the exception of day trading - which is tricky if you are not here a lot. When you play openers, always try to max out. Nothing more frustrating than playing an opener, and finding out it adjusted 10+ points, and you realize you only owned 20,000 shares... you make $200,000 instead of $1M. When I started, we could only buy 10,000 shares..so you can see how it can really help you build a port.
Try to play the games HSX gives you for 'free' money. It's at the top of this page where it says "Need H$." If you win these, it may add $10,000, $50,000 to your port, and every little bit helps.
I think with $16M port...I would say do NOT hold many stocks that are further out than 2-3 months. It ties up your cash, and you don't have $ to invest in IPO's that may rise (or fall) quickly in a few days. Plus, you may not have the cash to play those openers I talked about.
Starbonds, as was mentioned is quaranteed money since you know when they adjust and usually by how much.
I have been playing since 1998, but I don't trade a lot any more...buy some stocks here and there, I always try to play openers (still the most fun part of the game I think - trying to guess how they'll do) and other funds, etc.... but I am coming up on $2B... I used to think I'd retire when I hit $1B, but there are so many people ahead of me now, $1B is not that big of a goal any more.
And...just to make the REST of us FEEL bad... you can keep an eye on Grory.. who is #1 on the rankings... she started a NEW port at $2M, and built it to OVER $1B in a year...just to show the rest of us that it COULD be done...but she's a daytrading wizard.
Good luck!
how long does it take to be over a billion on average Feb 03, 01:07
Hey sbv man. I have an answer inside. Feb 03, 07:33
I'm not sure how MUCH time you spend here to play, but... Feb 03, 08:03
Thanks for the memories, Flash -- literally Feb 03, 10:04
Yep...different game when we started... Feb 03, 16:25
I started in 2008, so it's looking like 4 years to hit a billion... {nm} Feb 04, 05:13
It took me 11 years to get to $1B on here, but I wasn't really playing that intensely at the time. {nm} Feb 05, 19:11
I was asking the same question........ Feb 08, 13:52
Since I started trading actively, my daily average gain is probably around $2.5M per day. Feb 09, 16:04
