Quote:
Originally Posted by Giraffe
I think an ongoing investing game could be a lot of fun, although it would be nice if we could set it up to model successful real life investing (i.e. how we'd invest our own money, if we had any). My experience with some of these investing games is that they usually are set with a short enough time frame (e.g. 3-6 months) that it ends up like playing poker for fake money -- the winner will be the person who recklessly throws it all on some penny stock and gets lucky.
Maybe one way to combat that is to set a maximum for any given trade, e.g. 10% of your total -- if you can pick ten penny stocks that all hit, then you deserve to win.
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We can set up trading rules that only let you put X% into a buy. The short term thing is why I no longer do the 3 month games on investopedia, too much luck. I think this should be a permanent game. I'll look at what it takes to set up a new game and we can agree on the rules before it gets started. Then it is on like Donkey Kong!