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Well..here's some thoughts I found helpful when I started a long time ago...
Here's some tips for building your port fast that I have posted before... also check out the back boards here on Players... they have lots of useful info...
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 $$, and move on. My advice is Do NOT hold or buy ANY movie stock that is further out than 30 days. Why? because you'll tie up your cash, and won't be able to use it to buy other stocks like openers.
I always tried to 'max' out on an opener when I played it. Buy as much as you can afford if you are sure you can make $ on it. There was nothing more frustrating to me, than to only buy 5,000 shares of something, knowing I could have bought more, then make $75,000 on the adjust, when I could've made $500,000 if I would have maxxed out.
You can make JUST as much money on a cheaper movie that's priced at $20 if it adjusts up 5 points, as you can one priced at $50 that adjusts 5 points, so keep that in mind.
Do NOT play star bonds until you know HOW they adjust. They are a 'sure' way to make money, but be sure you know the in's and out's of their adjusts.
As was mentioned by RogerMore...check the "Earn & Spend link above, Play Box Office Battle every day... It's a way to make $10,000 every day if you get them all right, and every little bit helps your port when starting out.
Watch the Players Board (and BACK Boards too) for tips and ideas on how to play, and also get answers to other questions you might have...
If you find a movie IPO's one day, and you think the price of it may go up a lot (something like Ironman 3, etc.) then you may want to take a shot at it...buy it and hold it for the 'ride' of the price UP... but once you've made some $$...sell it and move on... why tie up lots of your cash for a movie that's opening (as I said above) in 2-3 years? It doesn't make sense.
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!
making money starting out Mar 18, 05:03
Well..here's some thoughts I found helpful when I started a long time ago... Mar 18, 08:08
thanks a mill Mar 18, 08:52
Buy things based on ROI Mar 18, 11:41
The options can yeild a very good return. {nm} Mar 18, 20:08
