The restart game like in real market :)

As for putting some money into this virtual market well I won't trust it :). But it is the same for the real market also that's why I prefer to daytrade :D
 
In other words, the stock market is basically a game based on little other than the continued faith of the players in the game itself.

All that "market capitalization" is mostly illusion. People who sell Yahoo when it is priced at $1,000 a share, are the only ones who actually have $1,000 a share. And they are necessarily a minority. When Yahoo drops down to $10 a share, thousands of people who thought they have $1,000 per share, find it was all just a mirage.
For all you know, your Berkshire Hathaway that you're pricing at $60,000 a share today, may end up dropping to $60 a share in ten or twenty years from now. None of it is real.

Deep down, you all know that. That's why you're all daytraders. Holding a security even overnight seems too incredibly risky to you.
 
Ummm, how can anyone be so retarded as to actually send their money to some company that essentially says "we may or may not give you back any money, at our discretion?"

What am I missing? Maybe I'm not understanding harrytrader's engrish.

--opm8
 
I could tell that eventually you were going to try to sell something or try to make money somehow from the people on this site.
 
Quote from js1257:

I could tell that eventually you were going to try to sell something or try to make money somehow from the people on this site.
More...

You don't say? :)

Never happen, not here. It was probably one of those, "my friend used my computer", type things. Or, based upon the negative response by the forum, maybe he was just trying to warn us. LOL. Yeah, that's the ticket.
 
Ummm, how can anyone be so retarded as to actually send their money to some company that essentially says "we may or may not give you back any money, at our discretion?"
More...
Doesn't this situation occur when people sign up with certain prop trading firms?

I also don't think Harry is himself affiliated with the MagicMoneyGame. He's just presenting this information to make a point about the structure of the stock market.
 
I think Warren Buffetts business' are real, i.e. they make money.
Although that analogy may apply to other companies and there is always a lot of fog in the stockmarket. Vast majority of companies do turn significant profits.
 
Again I don't think that Harry is trying to sell this MagicMoney site, he is just using it to point out similarities to the real market.

I understand that Warren Buffet's companies are real and making money, but my example of Berkshire Hathaway was in regards to share pricing. I'm not saying that stock will lose its value, but my intent was to point out that share valuation is still largely dependant on the public's faith, as it is in this MagicMoney game, as it was with $1,000 share Yahoo.
 
Paranoïadia : if I tried to sell something I would have put a referrer number and I would gain 10% of your deposit :D

What world of weird people are we in: they see everything bad except where they are really see

http://www.hereinreality.com/carlyle.html

http://www.hereinreality.com/news/rand.html

Perharps Hitler was right: the more BIG the lie the more people believe it. So the contrary could be true: the more you tell the truth the less people believe it !

Mass psychology is very fascinating , since although people can know read, they still think like 2000 years ago like sheeps but that's why stock market works so well :D !

Quote from js1257:

I could tell that eventually you were going to try to sell something or try to make money somehow from the people on this site.
More...
 
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