Stock market Analyst
journey into the market
In the beginning I was blinded by name brand stocks and lack of knowledge. The original plan was to invest in companies I knew and trusted. My foolish purchasing of stocks without thinking about their history or researching them at all was my achellies heel early in the game. Then I researched companies and began to invest in other companies I felt I had a better opportunity of success with. Then I began to create a strategy and system where I would buy a company when it was low right now but its monthly was up and its 5 month was up then once it went up sell it all. Then I would wait and when it went back down I would invest in the same exact company again when it went down and then wait for it to go back up again. process was repeated until i felt the company wasn't rising enough and I began to see a decrease in the monthly.
After the game I had an ending overall gain of $2,219.22. This was among the top of the class. I think i had such high gains because I had thousands of shares in a company that did rather well over the test period. When my companies did good i did great because i had so many shares. I believe this was a huge contribution to my success within the game.
I Came In 2nd
My final Ranking was second out of twenty four. I think having a general understand of stocks and trading gave me a early advantage over many students. I am proud of my accomplishment of coming in second. However I am not content with it, I would much rather have ended in first. But that is just my competitive nature.
Atmos Energy Corp or ATO on the stock market was my biggest money maker. It is a major gas company and I liked their week and monthly numbers when I saw that they were down I felt that gas and stock in ATO was going to rise. Also because I held so much stock in them a small raise fore the company meant a big raise for me.
Nike or NKE and Verizon or VZ. I invested in these companies because they were the name brands I knew and loved. this turned out to be a waste of money because in the short time I was invested in them they shot me down to last place and I was -$1000. This was when i changed my strategy and began to make my way back to making money.
I noticed that all of my stocks went down and up on a daily bases. I would have a stock go down for three days then overnight go back up to where it was or more and vise-versa. I began to develop my own strategies to try to predict or ready myself for the fall of my stock prices. I also noticed that none of my stocks gained as fast as they lost. They would take a few days to go up but only a few hours to decrease. I thought that this was very interesting, and very hard to predict.
Rational behind my decision making
I bought stock in companies i like, trust, and i believe that would do well. This thought was soon disbanded by me and i began to invest in companies that had a good history of (weekly,month and five month) numbers. This worked better for me because I was able to find a few stocks to invest in and make a few thousand dollars.
What I learned
The market is impossible to predict. You can be in 1st with $10,000 in gained returns and the next day be in 24th, in the hole $13,000. This is the investors risk that they take when they buy stock in a company. Also, i learned to do a lot of research on a company before you invest in them and be prepared for the worst but set yourself up for the best.