hey, thanks for the heads up and yes i was thinking of contract and it could be complicated, but then it could resort to something more simple like when i pay them they agree that my screenshot of their sign filled to sum up to amount i owe them is enough proof and vice verse their screenshot of my signs filled with money will be enough proof that they paid me. (would this be something acceptable by staff?) I know you guys usually like the screenshot of the "$x was paid to so and so" in the chat i like signs better only because they mean both players need not be online at the same time and they are very secure as far as the fact that nobody but the player who owns the signs can brake them or remove money from them.

Glitch for keeping all money invested by everyone in one sign, well that's something that players would have to agree on either take risk or i keep it in my account, I don't see and issue with that as long as I pay them in timely manner for whatever they sold I think there shouldn't be a problem Even if money was in the sign it does not mean i cannot at anytime brake it and and change it or use it.. overall i don't think that should be a big issue and i mention it in OP that it might be risky so if I keep it in my account I cannot blame it on glitch, however while keeping it in sign i could say GLITCH GLITCH !!! and take all their money and run LOL, there talking about FULL DISCLOSURE :) if i keep it in my balance even Admins could check it and say I lie if I try something funny. FYI I won't. :)

as for the actual trading there be no contract if someone wanted to try it i would just make a simple application where one of the points would be something like " I (player) have read all the rules and limitations and agree to those"

Contract I only was willing to make if asked someone to open an account with a lot of money but i don't think I will be doing that so far there was 2 players that were interested so if I go through with it (I think i will) i wont bother with any account where they have to give me money upfront the signs will still be crated so i can pay them if they sell easily and they can pay me when they buy, but any money up front wont be necessary and I wont bother staff with lame contracts for such small amounts, and even large amounts say they decide to buy $50K worth of shares and wanted to make contract then you are correct such contract could not be clearly understood by stuff i suppose and anyone who replied to this topic so far does understand what I am doing many people probably don't.

But anyhow I will keep it in mind and glad you posted it so that whoever decides to participate can see right from the Staff POV that any contract might be just over complicated.... as this whole endeavor of mine is... gosh if we only had some stock plugin :D
will see how goes it

 

Yes they are. Their performance is only multiplied by the same factor ALWAYS. Example by factor of 5,
So if the stock ABC in RL Market is up 1% here it will be up 1%x5 if its up 0.35% here it will be 0.35%x5 same for it going down, it needs to be done or who would even care to invest to make such small interest if the Real one was used, in game it would be pointless.
SO answer is YES performance is based solely on real market performance not my imagination.

As for your commends on contracts well will see how it goes, as I said so far there seems to be only 2 players.

Last one (I wrote too much earlier) Would a screen shot of signs filled out with money to the amount owed be acceptable as a proof that payment has been made or a deposit has been made? Provided both sides agreed on it in contract or otherwise. Again nobody can take money out from the sign but sign owner.

Forget the money gone from sign glitch I don't often look through complain section but maybe I have seen it once or twice ..if ... as far as the sign with all the money in it from all the players I would definitely pass on it as you suggest.

 

http://money.cnn.com/magazines/moneymag/money101/lesson5/index2.htm

 

OK but player to player agreements where both sides agree without staff involvement seems to be ok?
"People make player-player honor agreements" like i said this thing is so complicated don't go head over hills with it it might not even have legs.

 

No, don't worry about it like I said there are only 2 players so far that might be interested and even if this thing got legs it will be at least a week or more.

Either way the only reason I even mentioned contracts is so that player feels protected, I on the other hand only need to protect myself in case of false accusation, nothing more, such as "oh so i sold ANDYCYXU STOCK AND HE DIDN'T PAY ME"

 

Good deal there might be 3 :)

I don't see really why would this not be allowed however I do see OSR's point about any contract being over complicated and require a lot of looking into (lots of staff time and resources) and would be time very consuming.

I might think of some contract that will clearly state that the whole endeavor is based solely on player to player trust, and only included in the contract something that only deals with payment
where when player paying to the sign agrees they were charged the correct amount and their screenshot of these signs is a definite proof they paid for order and me withdrawing from the sign would be me agreeing that I have received the correct amount in full for the order.
And
When I pay the player and make screenshot again both would agree that my screenshot of their signs filled to correct amount is definite proof they did get paid and their withdrawal from sign would be an agreement that the correct amount was paid to them in full for the order.

There that's simple doesn't involve any complicated rules.

 

@OnSceneReporter

Gotcha !

Now I understand why the approval might be needed. Although it can be proven or disproven however I totally agree that it could take extra work by admins to do therefore extra resources you don't have.

I'm cool with that. :) in addition I don't care much to be falsely accused of scam then mods/admins not willing and/or being able do to complexity of this to properly arbitrate any issues that may come up.

:)

 

Thanks for your comments here are few things that would likely prevent that.
1. With gold crop in example I only reviewed last few days and quickly slap a 5x on it for illustration purposes. If this was my choice I'd spend more time reviewing past history performance to decide what multiplier to assign to the stock, each stock could have different multiplier that I would have to choose wisely based in its volatility past performance etc,,,
2. Although not unheard of for the stock in rl to go up quickly by 20% is unlikely again 5x was a quick slap just for example.
3. I kinda understand what you mean by compounding while not exactly compounding I basically make stock more volatile with this multiplier for game purposes.
4. Similar to what was suggested by rohtvak I could put a cap on your Max return at idk. ... 20% not to intend harm to player player but to keep my bank fiscally responsible. EDITED OUT But not cap your losses, why ? Because player can sell and I must buy in case of losses that Limitation would not exist so I will always buy before player looses too much it would be up to them to sell.

As we wait and hope mods don't disallow it I again appreciate your comments they simply help make it better and more fair for all :)

Added in edit
that cap is actually great idea, stock holders could be rewarded for not selling (like dividend) say you own the stock for 0-10 days your cap is 10% 10-15 days 15% 15-25 days cap goes up to 20% and so on something like that
Well not exactly dividend but just you potential gain would go up

 

@TMgrinder
We seem to be on the same page for the most part.
Re #3 again that's where carefully selected multiplier would play a big role, that being said I am interested in what do you mean by applying % gain to purchase price instead of previous day closed I don't understand what you mean but it might have some legs if what I think you mean is what you mean.
Re 4: you do mean "they agreed to wait for new buyers once I bought all I could from them?" If so they yes indeed CAP would not be all necessary. What I did however wanted to achieve with a CAP was to actually allow people to go away with some kind of gain as oppose to just their original investment and few worthless shares that maybe nobody will ever buy and they forget about the 7 day rule ... Idk YUP that would be at my expense so I loose few bucks but since they took a risk they got rewarded they might just come back otherwise chances are they just forget about the shares and will get busy with some other stuff. That being said again I might be generous guy and don't mind taking little loss, yet I ain't crazy and pay then 60% will not be fun for me lol, also I would likely limit maximum investments because 10% of 50-60k I can hand over with a grim of unhappiness but same 10% of 600k , well that's another story, an idea I would like people to walk away with something or broke as oppose to just braking even. Lol I don't mean the broke part in a bad way, anyways you don't loose till you sell at loss
second thing is with a cap I encourage player to keep shares longer and not sell then next day that also benefits me as well if a player was greedy wanted to keep it longer to raise his cap well you know it is a stock they seldom just keep on going up lol "I call canacrapaube they help with some sell off" lol

Dividend nah forget that although cool I don't want to promise more then I can deliver and yup trying to figure out that yet on top just too much.