ST Alpha - "But what if there were a real reward for buying an holding?" (Reading a Post)

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In response to "Nah, I think buying and holding is viable to have a little fun. I would not have lasted 8 years otherwise." by celedhrymandias

But what if there were a real reward for buying an holding?

Posted by psilotum Oct 28 '08, 23:15

e.g. I owned a stock that got a real attached actor today. I had bought it at 6.70, but it was now trading at 0.70. Shouldn't I get a benefit for believing in the stock long term? Instead, it is more profitable to daytrade the stock, and then buy it when the news comes out.

Maybe there could be a derivative that would be a side bet on a limited number of stocks of your choosing. If any of them pan out, you get a substantial bonus. It would be good for the game and for the data.

Responses:

They already tried something like that. Even destroyed another online movie game just for the site's name and URL. Didn't work for shit -- nm - Mr. Havens Oct 28, 23:23 2
- I might be describing this poorly. I don't mean that there is a cash reward. I just want to have daytrading cease to be profitable. - psilotum Oct 28, 23:27 1
  - Thought that was one of the reasons they got rid of the daily change, the market lab, to kill off short term and artificial price point trading. -- nm - zeitgeist Oct 28, 23:56

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But what if there were a real reward for buying an holding?

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