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Stop day trading (thread closed)

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This Post:
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9808.53 in reply to 9808.51
Date: 12/12/2007 8:40:17 PM
Overall Posts Rated:
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A daytrader doesn't decide that a players market value should be higher than what is being offered, he/she recognizes throught time spent on the TL that someone would pay more for that player at a different time.


You are agreeing with me: the daytrader is deciding what they think the market value should be and charging accordingly.

Daytraders prey on the inefficiencies of the market, buying players when there is a minimum of competition and selling when there is the maximum. If all users were able to list their players to sell at the peak times, daytrading would be limited. Instead, daytraders exploit this feature of the market.


This Post:
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9808.54 in reply to 9808.24
Date: 12/12/2007 8:44:42 PM
Overall Posts Rated:
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do you think the guys trading the 500k plus players did this since day 1??

it is possible for anyone new to try and daytrade if this forms part of there long term strategy.....

but you have to build up a working capital in order to do this.... my roster has at times been down to 4-6 people and i have therefore not been optimizing my training..

i will go back to my original point... not all day traders make money and some will be stuck with too many overheads...

fair play to the managers that have made good profits from this technique..

its the same for managers training their players efficiently vs those that don't.

should they also be penalised for having great training regimes???

lets put is this way, if you're not a DT in this game, you're punished for having a LIFE(and not sitting all day next to the computer and do day trading...)

"Dont get mad, Get even" -Robert F. Kennedy
This Post:
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9808.55 in reply to 9808.53
Date: 12/12/2007 8:49:28 PM
Overall Posts Rated:
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Yes, day-traders do exploit inefficiencies in the market but this is inevitable and not really wrong. Anybody who shops the TL and gets a good deal on a player is exploiting an inefficiency and profitting from it.

Let me say that I do think there need to be constraints on day-traders. It is my opinion that the game is too new and the market has not matured, which makes it extremely profittable for someone who as the time to exploit the market.

The point I wanted to make is that day-traders do not harm the market for other players, but rather make it more stable. The more people looking for players at all times will reduce the chance of a player getting sold at a discounted price because of the time he was listed.

This Post:
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9808.56 in reply to 9808.52
Date: 12/12/2007 8:58:55 PM
Overall Posts Rated:
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That's a very good post yourself, and I think we've between us encapsulated the two sides of the argument.

The problem is exactly that of self-interest. It is in a daytrader's interests to make as much money as possible from the buying and selling of assets. It is in a non-traders interest to spend as little as possible assembling a team.

I'm certainly not advocating that the BBs institute a planned economy. I am advocating that the actions of daytraders are not in the best interests of the market in general. Daytrading does not add liquidity to the market. Daytrading does not increase the supply of players. Daytrading concentrates resources in the pockets of those who daytrade well.

It is true that being a good daytrader is difficult. Equally, it is true that buying a player for $1000, relisting him at $50,000 and then sacking him because he doesn't sell represents very little financial risk.


This Post:
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9808.57 in reply to 9808.24
Date: 12/12/2007 9:04:09 PM
Overall Posts Rated:
55
Then don't buy players from Day Traders........ Free Agents are hitting the market buy one of those guys......

This Post:
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9808.58 in reply to 9808.54
Date: 12/12/2007 9:05:14 PM
Overall Posts Rated:
303303
lets put is this way, if you're not a DT in this game, you're punished for having a LIFE(and not sitting all day next to the computer and do day trading...)


Just like me?

I'm a pretty good team, and I don't see any daytrading.

NO ONE at this table ordered a rum & Coke
Charles: Penn has some good people
A CT? Really?
Any two will do
Any three for me
Any four will score
Any five are live
This Post:
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9808.59 in reply to 9808.56
Date: 12/12/2007 9:13:04 PM
Overall Posts Rated:
1515
The problem I see is that one of the reasons a lot of people join this game is that it is represented as a sports strategy game. In other words, those with the best overall strategy should do the best. This should include all aspects, such as economic management, tactics, building a roster, etc.

While I admit that day trading is certainly a sound strategy, it goes a long way towards marginalizing everything else.

Like many others, I joined this game because the perceived strategy element would mean that a person could succeed provided they had sound strategy, even if they could only login once a day. Day trading means that, once again, like in so many other games, you have to spend way too much time online to be competitive.

A management strategy game should be just that, one of strategy, not one of activity. In real sports the most active GMs are not automatically going to dominate the game, the GMs with the best strategy will.

I like the game either way, but it was very disappointing to discover that in the long run I will not likely be able to compete because I do not have the time to constantly monitor the transfer list.

This Post:
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9808.60 in reply to 9808.58
Date: 12/12/2007 9:16:08 PM
Overall Posts Rated:
22
Hence the complaint of where the post started; people who just begun BB for less than a month are no longer able to buy players since the day traders who earnt enough money to place bids on ALL the free agents; leaving no room for the occaisional buyers..

I have to admit those guys made a legit and perfect business. It feels unfair for those who did not have the time to do so and limit their options and game of fun.

But on the other hand; it does reflect IRL as well.

So try to limit it with taxes sounds like a realistic and workable idea...

yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."
This Post:
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9808.62 in reply to 9808.61
Date: 12/12/2007 9:35:33 PM
Overall Posts Rated:
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Is there a way for BB to assign an average value for the player? Like for example 100-150k, so people will know about how much they are worth?

This Post:
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9808.63 in reply to 9808.62
Date: 12/12/2007 9:43:14 PM
Overall Posts Rated:
303303
Not at all.

It's not up to the BBs to assign a player a value, that's for the market to decide.

NO ONE at this table ordered a rum & Coke
Charles: Penn has some good people
A CT? Really?
Any two will do
Any three for me
Any four will score
Any five are live
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