27 ms·
If it really could predict the future, why don't they trade stocks using it?
by olegkikin 16y ago
If it really could predict the future, why don't they trade stocks using it?
- dualogy 16y agoCould be a sign that stocks are not part of the future =)
- mahmud 16y agoOT: but I really think someone perverted should create a derivative market for people's Farmville "wealth" and other video game scores/assets. I haven't played video games since Street Fighter II, and can't make a better informed argument, but if the scores are public for some huge games, I think it would be fun to bet on them (even if for "virtual currency".) Say, offer the games in "baskets", ranging from Farmville to MindCraft to WW. Bet on today's top score, biggest losers, etc. I say basket because individual score picks might be gamed. Something like this might encourage more economic and financial research into video games, helping make the dismal science more attractive to "kids".
- bluedevil2k 16y agoGood point - if you could create an accurate tool for predicting the stock market, how much money could you make? Answer = all of it. If it was accurate, we'd never hear about it. It'd be top secret.
- olegkikin 16y agoYou don't even have to be that accurate. If you're right 51% of the time (consistently), all you have to do is make enough transactions to make unlimited money.
- nivertech 16y agoIt's not that simple. You need to take into account maximum drawdown and slippage. If all your wrong trades (49%) will happen in a row, you will be toast ;)
- edge17 16y agothey have financial firms as customers
- brosephius 16y agomaybe the stock market isn't predictable?