I love OneSeason. I think OneSeason is one of the greatest ideas and products to hit the internet in a very long time. I tell all my friends about OneSeason. I tell everyone about OneSeason. I write blog posts about OneSeason everyday. I thought there was a very good chance that OneSeason was going to make me very rich.
I’ve come to accept the fact that I was completely wrong. It’s not that the site isn’t a good idea, it’s that it’s way too volatile to make money off of. I got into the site a couple weeks after it opened and I was too late. I can go on and on about what I should have done, but it doesn’t really matter. This site is going down hard right now. Who knows why? My theory is that a lot of the early people took their large profits and went home which was a big part of the market. Then people saw things go down and panicked. Then people who normally would sign up logged onto the site and saw every single stock in the red and decided not to join. Which means no new money and everything just going down. I think things will get pretty low and people will decide they like the site again, but how low? And then how high? In the last three days my accounts value dropped 50% and I just started selling because it was going to get lower than that. Did I panic? I guess you could say I did, but it was more than that. I don’t know if this site is going to make it. Without people trading it doesn’t work. On any given day one person should be up and another should be down, but the site has never been that way. Either everyone is up or everyone is down. That’s not a fun market to be in and since the site is supposed to be for fun, well that kind of defeats the purpose doesn’t it?
At some point you just have to say forget it and that’s what I did today. If the site can get through this rough patch, this will be a good site. A person could make some money at the site and have fun doing it, but that person won’t be me. I guess I learned a lesson today which is if you want to gamble on stocks, do it in the real stock market. With the real stock market you can look at charts, read stories, read websites, there is an insane wealth of information out there about stocks which has a direct correlation to the price. With OneSeason there is none of that. You could argue that Ryan Grant is a better running back than Darren McFadden, but at this time you can’t even trade Ryan Grant. Evan Longoria is more valuable than CC Sabathia by quite a bit. It’s all supply and demand and the market bounces up and down based on opinion. I play poker, not roullette. I’m not sure why I thought this was a great idea, but I’m pretty sure all that green had something to do with it.
So I lost some money. It could have been worse, I could have lost it all. Now? After I financially re-group (losing $300 is not fun) I will take my ball to the stock market. Save and invest, let’s do it.
(Maybe, just maybe I will leave a few dollars in just to see what happens.)
