After buying and selling the previous stocks, I had extra money. I needed to purchase one more stock to spend all my money, but I did not know what to buy. I went to yahoo finance and typed in a letter, and picked the first one that came up. This stock was Lowe’s Company. This company sales home improvement supplies. I am familiar with Lowe’s, so I purchased 300 shares. It was a late purchase that I only had for 4 days. I learned after liquidating that I should have purchased this stock earlier, so I was not forced to sale for less than I bought it for. I ended up losing $299.90 on this stock. This was not a smart investment.
This can help determine whether or not to sell or buy more as the stock might be in the bull market. I made more than a few mistakes because I did not read and analyze the stock more. The first mistake was selling Fitbit too early. The stock I thought would be on the rise because everyone would be buying it for a christmas gift. However during the two weeks that I held it Fitbit dropped quite a bit. Considering I bought 3000 stocks of FIT I was worry. When FIT rose one day I sold it immediately. It turned out that there was a came that FIT was being bought by a chinese company. The stock rose over one dollar which would have made my portfolio
For the second week I took upon a different strategy. I bought stocks in Carpathian Gold, which is a mining company that looks for efficient ways to mine gold in Brazil, and lately the have expanded their production to different parts in Brazil, which should raise their capital gain since they are going to be bringing more gold. I also bought stocks in Yellow Page’s, a company that is well known for hosting ads, and lately they have enhanced their company and expanded through the use of technology and getting Yellow Pages Apps. The third stock that I bought that week was in a company called Excellon Resources, a company that collects minerals and researches on ways that they can be used. Excellon Resources is a company that operates in Mexico and has expanded its project to more parts in Mexico, thus aiming to increase their profits. I also bought stocks in First Nickel Inc. which is a
The stock I chose was Macy’s Inc., since during the month of July they were doing great and each stock was worth $24.20, highest it’s been for the past 3 months. While having to look at the changes on the stock for almost a month, I noticed that the price per stock was lowered each day after I chose to “buy” part of the stocks. The lows aren’t too low while the highs were always above 1%.
For example I immediately bought Disney, Apple, and, Amazon before anything else, due to the success I knew each of these companies have had in the past. After running out of companies I knew had stock on the exchange, I started doing research on stocks I might want to purchase. This was especially necessary for mutual funds, which prior to starting the stock market game I had very little to no knowledge about. I found that in the long run, the stocks that I had the most success with were stocks that I had had some previous exposure to. Amazon especially was a great success.
I have learned that prices can rise or fall quickly and unexpectedly, and there are low-risk and high-risk stocks in the stock market. Share prices can change quickly and dramatically, because they are based on supply and demand. For example, if more people want to sell their stocks than buy them, the prices of the stocks will fall. This is important to take into consideration, because you do not
I chose three other stocks one is Volkswagen. I chose Volkswagen because it sells my favorite car the VW beetle and the VW van. Volkswagen has all the cute cars, in my opinion. Volkswagen is my favorite car place, I will most likely get my first car there. That’s why I chose to invest in Volkswagen. I chose Google because I am always using it even now (I am typing on google drive). Also I have my email on Google accounts and I have created websites on Google sites. Google is the best site in my opinion to search on. Also Google was making a lot of money at the time and Google is the second most money making stock I invested in. The other stock that I chose to invest in is Microsoft. I chose Microsoft because it was making a lot
For the past month we have been doing a stock market competition. The winner of that competition gets bonus marks. Going into this simulation for the first time not knowing that much about it I felt like it was going to be hard and I may not finish where I would have to liked to. But since the competition started I felt more comfortable and got the hang of it. I planned to invest in companies that I think would do good in the future. My first two investments were in Tesla and google. I invested in these companies because I felt like these two companies would make me money. The result from looking at them the day the simulation ends I believe these two stocks really helped me in trying to place in first. Some of my market moves were good
For the How the Market Works stock trading game, I tried to play strategically in a sense where I would look at which stocks were down and up. Additionally, I bought the main 4 stocks of the technology sector, for they have been going up for a while now. I would only buy stocks when they were down because they cost less money, and would try to sell them when they were up. Day trading was a big aspect of my game plan, but it was impossible to day trade at all hours of the day, so I bought the safe tech stocks to insure that my portfolio would always be going up. Some of my top picks were Netflix and Alibaba, which made the most money. Sadly, Alibaba went up 16%, roughly 2.5k, the day following the close of the game. I am familiar with these companies, a thing Warren Buffet said is necessary to buy, and their year to date is up. Also, I noticed that there is usually a morning spike in stocks and a daily fall in the end of the day. So, it was necessary to sell and buy several times throughout the day. I know this because my dad has been investing in the stock market for several years and gave
The stock game was the hardest game I have ever played in. With so many things on the line such as grades, competition, and making money, I have made lots of mistakes on the way but also learned a lot of good lessons about investing and business. During the explanation before the game started, I thought it was really easy to buy, sell, short and cover stocks. However, when reality was set, there were so many choices to make from what company to buy, how much to buy, and determine the right time to sell or buy the stock. I lost about 300 dollars from my 10,000 dollars portfolio. That
Over the course of the month, Apple's stocks have done poorly. On April 19, I bought
The stock market is always fluctuating. While watching the stock market for the last three months I have noticed that it’s a continuous guessing game. One day your stock might gain several point then the very next it could drop. Luckily enough my stocks never dropped tremendously, the outcome of my stocks wasn’t as great as I would have hoped but I also didn’t lose any money. Each stock varied a little different than the other.
Ever heard of the phrases "the stock market has crashed" or "the stock market is at an all time high"? But what exactly is the market and how does it work? In order to understand the basics of the stock market, one must initially understand the meaning of the word stock. Stock can simply be defined as the ownership in a company that results in future inflow of cash in terms of dividend and capital gains of the organization. A simple certificate provides a person with the part ownership of the company. However, the extent of rights that can be exercised over the ownership of the company depends on the type of stock that has been bought. The question that now arises is how does one get hold of the stock?
On April 4, I sold all of the stock I owned in Procter and Gamble. This amount was 302 shares at $83.21 a share for a total of $25,114.47. I reinvested my money into 1100 shares of Smith and Wesson Holding Corporation at $22.78 for a total of $25,072.95. Smith and Wesson Holding corporation manufactures and sells firearm products in the United States and internationally. The company operates in two segments such as firearms and accessories. On April 18, I sold 860 shares of Cisco Systems and 605 shares of Target Corporation for a total revenue of $74, 936.45. I reinvested my money into Apple Incorporated and Johnson and Johnson on April 18. I bought 360 shares of Apple at $107.48 a share for a total of $38,707.75 spent. I invested my remaining money into 310 shares of Johnson and Johnson at $110.93 a share for a total of $35,512.55
Toward the beginning of the stock market game, I honestly did not know what I was doing, but I managed to remain in the Top 10 ranks, which made me feel like I was doing something right or correct. However, after finding out how the stock market actually worked, I began testing out some strategies such as short-selling and covering, but to my dismay, I wasn’t very good at it. I invested in random stocks that I “thought” would be successful and didn’t think much of it, until I went for it. With all the penalties in mind, I tried my best to keep my account updated, so that it wouldn’t go back too far behind, but the more that I tried fixing my account, the worse I found myself.