Five Common Mistakes that Players Make in an Online Stock Game
Online Stock fantasy gaming is a form of skill-based online gaming where you can create your own team made up of a real-stock-market-trend and earn money while you play. StockTry is India’s first Equity Fantasy Stock market game, designed for all stock market enthusiasts and for people who want to step into the world of trading. StockTry gives you a chance to test and enhance your knowledge of Equity and stand a chance to win exciting prizes daily. However, players must take care of five common mistakes that players make in Virtual Stock Market India are:
1. Confusing the game with trading -
Fantasy stock market league is different from real time trading. In stocktry, you can freeze on selling a company at 9:00 if you think the price of the same is going to rise by the end of the day or buy a stock if your analysis says that the price might rise. Results will be announced for the day before 3.45 PM. The challenges are based on daily prices of the Fantasy Stock market App. Hence, all the challenges start at 9 AM sharp every day.
2. Buy/ Sell Options -
The decision of buying or selling stock in a Share Market game is different from real-time investment. If you think the price of a stock will fall by the time the market closes, you should select the 'sell' option of that stock or if you think it’s going to gain value then select the 'buy' option of that virtual stock.
3. Know your cash is fictitious -
By that, we mean your cash is genuinely just not real money you are scared about. Yet, after even knowing it, choose with your brain playing first. Even if you risk no money, knowing how the game is real will benefit you in understanding that no money is to be lost, let alone be the real one in the Virtual Stock Trading App.
4. Keeping wrong updates -
Keeping a track on stock’s performance in the long-run might not always be the best option. Remember always that you are dealing in a one day trade game where you freeze the stock in the morning and release it by evening. Do not invest based on the Company’s long term performance expectations. Instead keep yourself updated with day-to-day performance of the company and updates. It helps you make better decisions.
5. Practice the game -
A very common mistake players make in Stock Market Game India is favoring a Company after a couple of good performances. Know that the game runs on real-time stock prices and Hence, practice on smaller bids and learn how volatile the market is. Manage your portfolio accordingly and play the game.
Now that you know the common mistakes of the game, play the stock exchange game online wisely and win big!