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This game is really easy, so it can't be realistic. I think that a lot of the challenge is removed by the fast speed that the game makes the years go by. It rem
by cryoshon 11y ago
This game is really easy, so it can't be realistic. I think that a lot of the challenge is removed by the fast speed that the game makes the years go by. It removes the challenge of waiting with what you have for a better opportunity; I'm not sure if institutional investors would ever hold positions for years on end.
- patio11 11y agoI'm not sure if institutional investors would ever hold positions for years on end. This is extraordinarily common, particularly for institutional investors who are not attempting to generate alpha.
- Smushman 11y agoI think the main point being made by the author is that without the waiting, day after day, combined with the external confirmation bias of hearing how other stocks are outperforming yours (you thought you did great on your trade, until you hear Google could have made you multiples more); you are missing a ton of the statistical noise that screws up your trading. 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.
- ludbb 11y agoIt's a game, no real money involved. Could try finding some source on this, but the challenge can only be measured when you're not using play money.
- razster 11y agoIf you try ThinkorSwim from TDAmeritrade, you can use paper money - I find the mini S&P to be a great start. Day traders are nuts though.