@Arbiter, I would LOVE stop-loss orders so that i wouldn't have to monitor my portfolio from work all of the time. With the new more active market maker, it would provide me the same casual style i intially had before the new market maker was in place. I personally like the new market maker as well, but if i wasn't able to logon to simexchange whenever i felt like it during the day, it would have driven me away from the game entirely.
The bottom line on the new IPO system is that it required near 100% participation to be anywhere close to effective, and did much better at generate fantastic profit for those who know how to leverage a high-low spread (i'm not saying i'm not one of them, several of my recruits still play on basic mode, yet do quite well) that determinig a good IPO price, this in turn drained cash from the novice userbase, and put it into the hands of the expert userbase...which occurs naturally, this however was an unnatural acclerator of that attrition.
The new "new IPO system" sounds far more practical both in light of the day traders who can't login more than once everyday, as well as negating the substantial profit to be made by advanced players while price determination is occuring. It allows for advancement of the stock after the IPO is reached, and still allows those who feel the IPO is too low or high to reflect their predictions after the fact. In short it looks win-win to me, i can't wait to see it in action.
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I would LOVE stop-loss orders so that i wouldn't have to monitor my portfolio from work all of the time. With the new more active market maker, it would provide me the same casual style i intially had before the new market maker was in place. I personally like the new market maker as well, but if i wasn't able to logon to simexchange whenever i felt like it during the day, it would have driven me away from the game entirely.
The bottom line on the new IPO system is that it required near 100% participation to be anywhere close to effective, and did much better at generate fantastic profit for those who know how to leverage a high-low spread (i'm not saying i'm not one of them, several of my recruits still play on basic mode, yet do quite well) that determinig a good IPO price, this in turn drained cash from the novice userbase, and put it into the hands of the expert userbase...which occurs naturally, this however was an unnatural acclerator of that attrition.
The new "new IPO system" sounds far more practical both in light of the day traders who can't login more than once everyday, as well as negating the substantial profit to be made by advanced players while price determination is occuring. It allows for advancement of the stock after the IPO is reached, and still allows those who feel the IPO is too low or high to reflect their predictions after the fact. In short it looks win-win to me, i can't wait to see it in action.