Back when i was in highschool, in one of my classes we did a "mock stock trading" assignment for about 6-ish months.
We had a fictional 10k to spend on stocks. We would check the stock prices every month and at the end of 6 months, figure out how much money we'd actually made. We were able to sell and trade stocks at anytime.
We used google for everything and kept everything written down on a sheet of paper.
We did this around the holiday season, and as you'd suspect everyone chose popular everyday brands that high school students knew about. ( vans, jansport, toys r us, nike, apple, ETC.)
Even though i was always interested in stocks and actually took this assignment seriously, i was just as dumb as all the other students, picking the same everyday brands, but also taking into consideration the upcoming holidays, and not just picking my favorite shoe/clothing brands like everyone else. In the last couple of months i upped my knowledge slightly and sold/bought bigger company stocks, things like GM, pharmaceutical stocks, and even "purchased" a stock my teacher hadn't even heard about.
At the end of the assignment, all the students in all the classes did some math and figured out how much they had earned (or lost) in addition to the initial 10k we started with.
I ended up in 2nd place with a profit of about 20-30-ish thousand. The teacher was in 1st place making a profit of i believe 40-50-ish thousand.
Is it really that simple? If i had 10k or more to invest in stocks, and played it right, would it really be that simple?
Or is there a lot more to it then simply just buying/selling stocks, and watching the market?
Submitted October 30, 2018 at 12:26AM by Soultaker4u2 https://ift.tt/2AA4S8L
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