Your returns were 329.0%, against the stock’s 139.7% and the S&P’s 14.7%. You outperformed 100.0% of players, ranking #1.
-the developer
interesting, but ulitmately, just a game about fast reflexes...
This is extraordinarily common, particularly for institutional investors who are not attempting to generate alpha.
Don't throw out the entire argument with nitpicking on a minor misunderstanding re: institutional trading. The main thrust of his argument is clearly valid.
When you are done with the game the stock ticker appears in the top left of the chart - that was the real world price you were trading.
In that case, you would on average make more money in this game than you would in real life.
-the developer
#2: Date - along the bottom edge the date progresses. Knowing generally that the market did well during certain multi-year ranges was an absolute edge. Too bad the real world doesn't come with this kind of information.
#2, yes, that too. We talked about that issue but maybe not enough. I wonder if you even need to know what the timescale is. Stock movements are pretty fractal and scale-invariant, after all, right? Kinda? Hm.
Could you drop the year indicator?
Also, I remember working on a Bloomberg machine at one point, and the license was something like 200k a year, and I was told most of that wasn't for the machine but for the level of data access. At what point does the data become free?
Now the only problem is my curiosity is piqued and I feel like I'm about to waste way too much time learning about this stuff.
Even trying to use that information I can't seem to get much better than the 50th percentile, on average. Which is pretty much what I had before I read your comment.
I couldn't pinpoint it as well as the comment above yours but I also feel the interface helped a lot in making good decisions.
"Your returns were 2950.1%, against the stock’s -75.3% and the S&P’s 57.1%. You outperformed 97.1% of players, ranking #48."
Only if you're the fastest HFT that day, Dodd Frank and the sub penny rule devastated HFT trading by now allowing them to bid better, so whoever is first in line wins.
Works surprisingly well on mobile too.
And made it past a trillion...
and #8 outperforming 99.6% a few tries later http://imgur.com/75raZvr - returns 6462% on a stock that lost 75.3% over that period
Without even knowing the company's price-to-book and p/e ratios, let alone what the company is, its past history, the market it's in, and who runs it, it's just chasing the dance of a number.
Doing nothing, I tend to beat about 20% of the traders. Without the future leak, it'd surely be better than that.
Edit: Just got Enron. Did nothing. Beat half the players.
If you keep playing, it's the same stocks again and again - would be even more fun if there was some pseudo real time/more recent charts too.
The games is designed in such a way that it is so easy to make big virtual $$$$$$$.
Next step - actual trading account and $$$$$ losses (while Bloomberg collects commission fees).
So this makes it seem easy, when the trade differ in real life from what might look available one minute.
2. HODL til' the end of time
3. Profit
The right axis scaling leaks a lot of future info...
