I don't know anything about IQfy.
How accurate was the april fools event compared to actual IRL stock trading/investing?
If it's that easy, I might get into it.
 CRIME Shirt $21.68 |
 Shopping Cart Returner Shirt $21.68 |
CRIME Shirt $21.68 |
I don't know anything about?
1$ stocks usually mean it's about to be delisted and become wasted money, not the "free money" sign
No, I meant during the actual event when prices were going up and down.
I made it to Mogul, but got bored of clicking through the button and deleted my account.
Is trading IRL stocks anything like that, or was this just a parody?
Full on parody
We werent trading against other people, just algorithm.
Because there were unlimited amounts of stocks? Or because we could sell and buy them at will?
Can you spoon feed me on the core difference between the minigame and the IRL stock market?
The price movements weren't moved by people trading and by extension human psychology. The difference is that the algorithm was easy to predict but real markets are incredibly complex.
Yeah, but what would stop me from just buying low and selling high, like
said.
Like if I had 1000$ and I bought stocks from 3 different companies and sold the stocks when they increased in value and repeated the process ad infinitum, wouldn't that be all there is to it, or am I missing something really obvious?
Technically that is what you are supposed to do in the end. The problem is that the timeframe for it to play out and the fact that there isn't a "bottom" to the stocks you are buying kinda messes up the plan. On the game stocks bottomed out at $1 and buying at that point guaranteed it would bounce because it physically couldn't go any lower. IRL you could buy a stock and wait months for it to just slow bleed with no bottom.
It takes time. I held my stocks for 5 years before selling for max profit.
whaaat? i thought that the whole point of this that anons can trade against other anons
People buying / selling stocks impacted price but you werent trading other people.
Buy low, sell high. You've got it!
This. For every stock sale there needs to be a buyer. This game had infinite buyers/sellers (unless it was more advanced than I assume). You're more than free to buy a stock at $1 but nobody will buy that shit from you for $2, leaving you with worthless stocks.
o back to bangladesh Black folk
..
Anonymous (ID: dix+umEK)
04/02/24(Tue)09:36:02 No.58260591
#
>ok ranjesh, or should i call you by your callcenter name, Josh?
I always assumed you sold stocks to a centralized entity that will buy them no matter what.
How does one go about cashing out one's stocks, if no one is willing to buy them?
Someone post the screencap
>that's the neat part
>you don't
>you WILL hold the bag
>you WILL stick your head in it and suffocate
Buy low
sell high
Just do the exact opposite of what morons on IQfy recommend.
Stocks may not increase in value
People that bought gamestop still waiting more than 3 years for it to increase in value
They’re down 80%+
If you’re buying a good index fund like SPY then yes your strategy works.
the only true to life part was the end where everything crashed and everyone lost everything
yes you should buy every stock that costs $1 and you will be a millionaire in no time
Real life requires far more patience. People hold certain things for months, years, even decades.
But generally, buy low sell high. It won't be easy though, you will feel emotions as you make and lose money which influences your decision making and your patience.