Since they won’t give me my money I’ve been watching the site. Today they released an Allen Iverson IPO and I couldn’t help, but to put in an order for him. I didn’t get any (of course), but right away he jumped to $45. I’m starting to think the only way people have made money on this site is through the IPOs and since they hand them out based on time, trading and priority the same people will continue to get rich. I could be wrong, but I doubt it. I did probably $1000 in trades between buying and selling, but that wasn’t enough. The average fun and entertainment trader is probably not going to make money, but I already realized that. This just gives me a little more proof.

Oh OneSeason, why do you hate me so? They won’t let make a withdrawl until 30 days after my last deposit which puts me in late November. So I’ve continued to monitor the market. When I first joined and fell in love with the sites capabilities, a big part of it was that the markets current value was in the $7 million dollar range and looked to continue to be going up. Today? Just over $3.6M. Look at this chart.

The site has been around roughly a month so the first little low part there is the site’s launch. Right now it’s getting dangerously close to bottoming out. You have to wonder what they plan to do. If they started to advertise or got on an ESPN show, would that even help? One look at this chart shows that this fun and entertainment site for money, isn’t really that fun or entertaining. The great part about blackjack is that you CAN win, not that you can’t. OneSeason should probably step in and split every stock on the system as there is just way too much supply and not enough demand (I’m thinking the $0.50/$20 thing may have been off and stock prices should have been allowed to rise higher than that without splitting), but it remains to be seen if they will do that. They have already made millions off the site on trades alone, not to mention the interest drawn on deposits (which they keep for 30 days minimum) and may just let this thing play out and take their profits. Time will tell.

Right now I have all my money invested. All of it. Besides the whopping mistake that was Greg Oden (I missed the IPO, panicked and bought too much for too much and am now stuck with it for a bit), I like every stock that I own. Those stocks are: Brian Westbrook, Jay Cutler, CC Sabathia, TO, Brandon Marshall, Marion Barber and the aforementioned Greg Oden. All of them are on the low end of available shares and I feel most of them are undervalued, but they aren’t going to reach their true value today or even tomorrow. It’s going to be a few days, maybe even weeks and I just need to stay the course and hold on. So I won’t be writing about my trading for a few days (unless the Allen Iverson IPO hits, when that happens expect a record for 5 word posts in a day) because I won’t be doing any. I am holding on to these stocks and allowing them to grow naturally. This is a marathon, not a sprint.

Until then, JOIN THE SITE. The only way this thing is going to work is if more and more players join. So join already.

OneSeason.com

So today was like, the worst day ever for one season account holders as all of the big dogs cashed in and took their big profits with them. My entire idea about this site was that I was in on the ground floor and to an extent that’s true, but I wasn’t the FIRST one in. I wasn’t the second or the third. There were quite a few before me and today all of those people cashed in. So I was early and late at the same time on this site. I was early as the time to buy is NOW (not today, when I lost over $200) and I was late in that I should have been the one selling off today, but this isn’t a short term thing. It’s a long term deal. Maybe I will have to add some more cash, but the fact is this: most of the best stocks are around $5 bucks right now and tomorrow should be a huge buyers market. It’s scary to lose that much, but I’m not worried about it. (although the email from OneSeason telling me they don’t want affiliates right now kind of worries me). Rome wasn’t built in a day and neither will my OneSeason fortune. Tomorrow I am going to literally LET IT RIDE, buying up all these stocks I consider cheap and seeing what happens. Could I lose everything? Of course. Could I make a very large amount of money? Of course. It’s a risk, which makes this just like the real market. Maybe too much like it.