No Money to be Made Trading L$

Don't listen to them Cow.

You provided a valuable service. You helped tighten the spread. You added liquidity to the market where it needed it.

The same type of people that are condemning you were freaking out when the spread was huge and "ignorant people were losing lots of money placing market sell orders!!!!! Remove market sell orders!!!"

Now that the spread is pretty much where it should be, the profits in being a spread trader will stay small to none. There will be a little room there, but as soon as it opens up, traders can swoop in and close it back down, making a small profit.

That's the unfortunate consquence of an efficient market. As efficiency approaches 100%, profit goes to zero. People like you help keep the market near that 100% efficiency mark.

how can you making $200 per day ?

It was all the undercutting that did it, you undercut yourself right out of your profits

I think you did really well and what you experienced I would call a semi-arbitrage play. We used to do this with There currency as well. The great thing about economic discrepancies is that they self correct and such plays generally disappear in a short amount of time.

Someday we will be able to trade virtual futures and then you will be able to make long and short bets on the Linden. I don't know how many years away that will be though...maybe 10.

You may be able to find more arbitrage plays in time but they are few and far between. A couple real life plays that I can think of are...ever wonder why they scream at you in vegas if you try to pull out your Cell phone in a sports book? It's because of arbitrage plays that cost the casinos thousands in the early 90s. One casino on the easy coast might have the odds for a fight or a game at X...and a casino on the west coast had it at Y...most of the times the bookies had similar odds, but occassionally the odds were off and you could place a bet in both casinos...the net result being "you could not lose" like with your Linden move.

Another classic arbitrage was when Discover card first came out and paid 2% on any purchase...again you could go to vegas, buy $10,000 in casino chips on your card, then cash them back in and ...2% of 10 large is $200 for 3 minutes work.

Anyways, again I think you did great and I'm jealous. Again this is more of an arbitrage than currency trading. If you want to learn more about future trading, you might try Market Wizards.


Twiddler
http://www.taunt.com

Just because this is a program that people can play, there are real jobs involved. Get over the fact that ppl can make a living on it if they put in as many hours as a rl job. It's just like someone that works for playstation or Xbox. It's just that instead of hiring a bunch of ppl to make things for their games, LL decided it would be better if everyone else did.

And there in lies the greatest problem.. Zero Capital... If you can make, 5,000 others can do the same thing...Its like Communism backwards.

Well she's a Chinese woman living in Germany, I'm an English guy living in England...

But really, given a few thousand dollars to risk on buying a few sims, yes I am quite sure I could landscape them, cut them up, and rent them out to people without too much skill.

We all have the same tools. All you need with landscaping is imagination, at least with scripting you have something to learn.

Lewis

Because your overwhelming positivity is such an asset to SL.

That's certainly not true, Lewis. I can imagine plenty of things I don't have the skill to build (yet ) and land editing hurts my head (although I imagine it's easier on islands where you can upload a height map)

Literally, it'd seem o,o;

sorry, sorry; couldn't resist ^^;;

... guess that gives Lewis another excuse why he cannot get rich like Anshe in SL, though...

Well, nobody really needs too much of an excuse! The obvious reasons are:

a) A new person would have to compete with Anshe, which Anshe never had to do
and
b) A new person wouldn't have been around at a time when stipends were high and a major new feature (animations) was first introduced, which is how I gather Anshe made a lot of her starting stake for land; a market condition that good will probably never arise again.

OMG! This is amazingly awesome!! So you could basically pay for your entire vacation by pulling this little move! Man, I love how creative people can be!!!

Heya Lewis...

Actually this is a "platform", not a game. There are games within the platform, but by definition, this is not a game.

I'm taking a different standpoint on the whole land business thing right now.

I'm trying to provide a service to the land sellers by buying all their unwanted parcels for cheap that flood their inventory, and I hope to provide a service to the neighbors by never putting a for sale sign up, but instead putting maybe a few trees or flowers up.

The numbers I have at half way through my first month have me making a 2% profit on a small teir.

I would guess that if undesirable land bought from land sellers can make a profit, then desirable land sold by people actually trying to advertise their desire to buy should be able to make a profit. I think you are right. People wouldn't be doing it if they weren't making money.