I'm currently at the top of your leaderboard after issuing nothing but buy orders for about 5 minutes. I didn't even read the charts. This confirms my opinion that chart reading is nonsense.
I skip everything so I don't lose money.
Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
41–50 of 53 posts
Re: Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
#42The page doesn't factor in Splits. Entry Price: 52.00 (Mar. 8, 2000), Exit Price: 48.88 (Apr. 5, 2000) Comes out to a 6% loss, but there was a SPLIT on the 21st! I should be up nearly 100%.
Splits are factored in. The chart is showing adjusted prices so there's not a huge gap after a split.
Re: Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
#43What is that picture of?
And why?
Re: Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
#44Yeah, it takes a real genius to figure this one out. Just buy anything it asks you about. Period. After about 40 trades, you'll have several million.
Re: Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
#45Earlier quoted context omitted.
Right, but the default stock order only lasts 20 days. Surely the small delta up trend of the market doesn't affect a 20 day order in any significant way?
Yes it would. Think mathematically: Whatsay over a given year the entire stock market grew 10%. Then the average rate of growth for every stock is 10% per year and so for any given stock for any given period over a period of 20 days the average growth would be 10%/18.25, or .0054. So, if you consistently buy, you will on average, profit about that much per trade.
yes you'd profit that much on average, but with a gigantic standard deviation.
Re: Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
#46Question, are the charts simply random charts from random companies recently trading?
Where are they coming from? I see AOL is providing them, but how are they selected for use in the site? This might explain the amount of users who seem to be succeeding by clicking only the "buy" button.
Is there an algorithm that makes sure the gains and losses are evenly distributed in the charts (less realistic), or are the charts completely random (mimicking the experience a real stock trader would be presented with the charts)?
Re: Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
#47I'm curious as to what other people think of long valuation waves?
http://www.zealllc.com/c2005/Zeal080505B.gif
Re: Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
#48Yeah, it takes a real genius to figure this one out. Just buy anything it asks you about. Period. After about 40 trades, you'll have several million.
All this technique proves is that I'm extremely unlucky.
Re: Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
#49[deleted]
Re: Test your stock-picking skills with instant feedback. Most common word from my users: "addicting".
#50Seems like this might be a good Facebook app