Stock Market as a game of Poker?

[Sniper]

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I play a virtual stock market game from a on line gaming site .....it's played with real money.

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Based on your description this sounds like a TOTALLY virtual game... are the virtual stock movements based on anything other than the games random number generator?

[Sniper]

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I've made about 200,000 trades last 10 years...
And DesertCat is right...
You need at least $50,000 to $100,000 to start playing this game.

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Maybe the game you are playing at 40-50 trades/DAY!

But you certainly don't need that amount to get started as an investor (Any amount will do).

Even an entry level day-trader can get started with about 30K (note you need 25K to take advantage of favorable 4:1 margin trading).

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Successful market players are hedgers and gringers... Arbitrageurs not gamblers.

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There are many different methods to be successful in the market and your decription does not even cover the majority of "successful" market players.

[70challenger]

Yes completely virtual companies (4 to choose from)real money....

the movements are based simply on supply and demand....no outside forces.

I bought some CD (mining) shares on the Vancouver exchange a few years ago....and they were doing really well...they were negotiating a JV with Falconbridge....and then the SS cole incident happened in Yemen.(JV didn't happen) These outside forces caused the share price to plummet. The deposit is still there.....but the area had become volatile. Who needs that.....I still have all my shares.(@.05) each......bought at .11 & .16

So I'm trying out this virtual thing.

[imported_bingobazza]

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I really don't think the stock competitions that last for a month are a good way to learn, because they're really just gambling, and there aren't any competitions that I know of that last 5 years.

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This isnt investing, its trading, and a month is OKish for this. Many traders would disagree that its gambling. From what I understand about trading (which is limited) bankroll management, ROR considerations, EV expectation, coupled with discipline and patience are essential to long term success. This is where trading is like poker IMHO. Im sure some more knowledgable people may have a different take.

Bingo

[Sniper]

You can compare 1 month trading competitions to MTTs where the LAGs take an early lead.

Big bets on long shots are the way to win a short term competition, but those methods dont hold up long term.

[imported_bingobazza]

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You can compare 1 month trading competitions to MTTs where the LAGs take an early lead.

Big bets on long shots are the way to win a short term competition, but those methods dont hold up long term.

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Not necessarily

[Sniper]

ok, I'll bite.. not necessarily with regard to the market or poker?