Minecraft Name: xX3PICREBELXx Suggestion: Changing the cooldown on selling stocks from 72 Hours to 24 (from three days to one) Reason: Stocks aren't as fun as they could potentially be, when I buy a stock on monday I shouldn't have to wait till near the end of the week to be able to sell it, it ruins the whole excitement of having the stock trader. Any Other Information: I understand that this was changed in the past because it could be abusable but we have now changed the minimum stock price to stop anything like this happening again and I don't think that this stock cool down is necessary anymore. Link To This Plugin: n/a
Well... the stock market is - at least that is my impression - supposed to make profits if you have a strategy. To be exact, a strategy where you plan ahead. In my opinion the stock market shouldn't be for the 'quick profit', but it should offer a long-time profit instead of gambling-like short-time profit. (For that we have the sportsbook IMO.)
I agree with 314 on this. Think of the stock market game as the long term and the sportsbook as the short term for gains. Not everything has to be quick gain and fast in the game. I personally would like to see this remain the same. Maybe a better suggestion would be to ask for another "day trader" type game.
This is the reason why it was changed. Wasn't much stragery and much more "mindless" picking of big gainers for money.
A LOT can change in 3 days, so being forced to hold onto stocks which are falling is a little unfair :/
That would be an incentive to invest in stable long-term gainers. IF you want quick money in 3 days, you will need to live with the risk of the stock going down again. Or, to keep it in the form of a mathematical equation: (Yes, I actually created the formula in Microsoft Word, inverted/edited it in Gimp and uploaded it to Imgur just to emphasize my point.)
That's why you have the risk factor there. You may decide between a safe and slow growth or a risky win-or-lose situation. Your decision, after all.
No person is forcing you to play the game at all. Instead of changing the rules, simply learn to play within them
I personally think that the limit should be 1 day. The risks to the economy with huge growth were substantially limited by the minimum price being increased from $1-$5. To increase both the minimum price by a multiple of 5, and triple the minimum time to sell is excessive in my opinion.
This is the point I was trying to make in my original post, thank you for explaining it in a better way than I did. The $1-$5 increase for the minimum price of a stock reduced the "overpoweredness" of the stock market, all the 3 day cooldown now is ruining the fun of stocks.
Ok so im not sure if this is possible but: Could we have 2 limits the current limit and a "tax limit" before that. So you cant withdraw anything before the tax limit and if you withdraw before the actual limit you pay a tax. Maybe a small percent of their money. This would both allow you to withdraw later and early. However if you had to withdraw early there would be a small tax to pay.
