HSX Forum

Playing & Trading Strategy

ONE of the fastest ways to build your port is to

Posted by: Flash on Jan 21, 07:43 in response to Gipsy's post NEW AROUND HERE!

consider playing opening movies each week.  BUT, be careful too....you can lose if you pick a movie wrong, HOWEVER, playing openers will build your port the fastest of just about any other playing style (except maybe daytrading, which is tough for new players).

You HAVE to think "short term" as a new player.  Buy a stock (or short it) make some $$, and move on.  Do NOT hold or buy ANY movie stock that is further out than 30 days.  Why?  because you'll tie up your cash, and won't be able to use it to buy other stocks like openers.

I always tried to 'max' out on an opener when I played it.  Buy as much as you can afford if you are sure you can make $ on it.  There was nothing more frustrating to me, than to only buy 5,000 shares of something, knowing I could have bought more, then make $75,000 on the adjust, when I could've made $500,000 if I would have maxxed out.

You can make JUST as much money on a cheaper movie that's priced at $20 if it adjusts up 5 points, as you can one priced at $50 that adjusts 5 points, so keep that in mind.

Do NOT play star bonds until you know HOW they adjust.  They are a 'sure' way to make money, but be sure you know the in's and out's of their adjusts.

Play Box Office Battle every day.  It's a way to make $10,000 every day if you get them all right, and every little bit helps when starting.

Watch the Players Board for tips and ideas on how to play, and also answers to other questions you might have...

Everyone started out with $2M, so just hang in there, ALWAYS think "short term" gains with a small port, play some openers, and good luck!  Laughing





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