This is most certainly a noob question, but I don't know where else to post it. I am a noob. I just turned 18 and am really excited to get investing for my future. Last year my school had a stock contest on a simulator (marketwatch), where everyone started with 100,000 virtual dollars, and a year to make the most money. What basically everyone did was invest all our money immediately in a ~$1.00 stock that was fluctuating up and down by a few cents. We would wait for it to go up like 1 or 2 cents and then sell, making money. Then we'd wait for it to go down and buy again. Because of the rapid fluctuations we could do this like 20 times an hour and we all made $400,000 in 3 days and then forgot about it like teenagers do. I'm not naive enough to think this works in a real market. My question is can someone tell me why? My theory is that pouring that much money into that small a stock would alter the price significantly. I would also appreciate any tips the moguls of this subreddit have for an 18 year old starting out on his own with very little money.
Submitted February 09, 2016 at 08:15PM by fratbroy http://ift.tt/1PB9WY6
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