Saturday, June 26, 2010

What not to do in Empire Avenue

So close to 2 weeks into Empire Avenue and my stock e(GTS) is now above 30.
It's good to keep rising. Been doing lots of things to make sure my stock goes to 50 and its good to see that stock is rising on a daily basis.

So the topic of this blog says 'Empire Avenue Tips' and you must be wondering when I would give some tips to better trade on EA.

Well, here is one tip and its something that you should be vary on Empire Avenue.

Just today, there was an ex-investor of mine who was selling all but 1 stock of his big investors. Was he doing it to gain 30,000 to upgrade to 12,500 cause his stock was running out? No. He was purely doing it so that he could invest in new investors. He also had an ad saying that if anyone follows him on twitter he would buy 50. It's all good that he bought 50 shares but when he sells them very quickly, it seems a bit unethical knowing that it would affect the stock price of his loyal investor.

This doesn't mean that you shouldn't sell but you have to be decent about it. Look after your investors side too if you can, then only can you successfully survive on EA.

I think a perfect example would be e(RZR) aka William Pitcher. He wanted to sell some stock when he needed an upgrade. He even sold 50 of my stock to do so but he was decent enough to put a message saying how he would buy back as soon as he gets money. And he kept his promise and bought back the 50 he sold. He only sold when he had to upgrade and not purely to use that money for new investment. That is where ethics comes into this game. He keeps in touch with the investors and that is a key to his massive success on EA.

So remember to invest wisely and to keep in touch with your investors. It not only makes them keep your stock, but EA rewards you as well for interactions inside the EA platform. So the more you interact with the people inside EA, the more eaves you get and that results in a rise in your stock price too.

So be careful when selling stocks and invest wisely.

p.s- This is only my point of view, and its a game. You might see a different view in playing this game. But as William Pitcher puts it, its more than just a game.
Its a social interaction. So increase your wealth, increase your stock price, but try to play it straight.

So if you think this tip has made a difference to your trading style at EA, then do drop me a shout out at e(GTS). Feel free to invest in my rising stocks as well.

Until I drop in with another tip on Empire Avenue, have fun.

No comments:

Post a Comment