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Thursday, September 4, 2008

Stock Market Game ~Fearful Gamble, 50% chance~

Tip that worked, that made me success, in the stock market game, was “Buy Low…Sell High.” In this game I actually missed at getting money first, but I succeeded at last part of the game. But what did I do to success? Well, Mr. Coyle’s tip helped me. In the first year, I didn’t know that 10 dollars for 1 stock is expensive or cheap. So in the first year, (1871) I didn’t buy anything. Then in the next year, some got to 20 dollars and some got to 7 dollars. I thought “Oooh. 10dollars to 20 dollars is a big jump. This company is growing…” so I bought 4of 20 dollars stocks with my whole money. But in the next year, suddenly 20 went down to 17, and 7 got up to 10. Then I noticed. Expensive stocks doesn’t mean it is growing (it might do…) and it will success for ever. I should’ve bought a 7 dollar stock, rather than 20 dollars stock. So I just listen to Mr. Coyle’s tip, and do as it said. I bought some low price stocks that look like it’s going to success in business. (By looking at the news.) Then what do you think it happened to my total money at the last year. It had changed from -80 dollars to +200 dollars. Mr. Coyle’s tip made me success, but I think I was very lucky too. I learned how buying stocks can make people happy, but also very sad. I will never buy stocks when I grow up. It is scary!!!

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