Black jack
I have to confess I got beginners luck. I bet one chip the first time out and then I slowly increased one at a time for each new hand. In the second to last hand I bet ten chips and beat the dealer earning ten more chips. Riley and Noah were a great help throughout the game letting me know when I had a blackjack and when to stay. After a while I figured out the basics and was able to play for myself for the most part. It was not a very confusing game once you figured out the bare bones of it. I did well in my profits earning 34 chips in the end to win after the big three earners bet it all and every single one of them lost.
Monday, October 28, 2013
I bought the apple stock as an investment. I bought this because it has a strong five year graph with a steady increase. So far this stock has done good for me, but my fault was buying only one stock. I will not being selling this stock for at least another month, but considering this class only goes for a semester I will try to pinpoint the highest earnings in December and sell it then.
I also bought the under armor stock as a trade. So far it is not working out too well for me as it keeps decreasing. When the stock changes and is five dollars above what I bought it for, then I will sell it. I didn't entirely understand what to do when I first bought it, so i have held for a long time as far as a trade goes. When the holidays hit and their prices increase, the amount will be just right and I will sell it for a profit.
I also bought the under armor stock as a trade. So far it is not working out too well for me as it keeps decreasing. When the stock changes and is five dollars above what I bought it for, then I will sell it. I didn't entirely understand what to do when I first bought it, so i have held for a long time as far as a trade goes. When the holidays hit and their prices increase, the amount will be just right and I will sell it for a profit.
Friday, October 18, 2013
Trade vs. Investment
"A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits."(Wikipedia encyclopedia). When a company makes a profit they have a choice of using that money to further the company and/or divide it among their shareholders. Investors are generally the ones who benefit greatly from this distribution of profits. A traders quick and untrustworthy commitment is not usually rewarded by a company at their end of year profits. Stock increases are especially good for traders because they can then sell and gain a profit. It is always good for investors, but it isn't as important in the moment as it is in the long run. When a stock decreases it is good for the trader to buy, but it is not good if the trader already bought the stock because then they are losing money and have to wait for it to go back up. A decreasing stock is never good for investors, but it still doesn't matter to them as much in the moment as it does in the long run. "2. a person or thing that causes a change"(the free dictionary). Catalysts are events that cause change. This mostly includes holidays, new products, competition rising or falling, etc. Trade is effected because they have to do their homework, and know when good things are about to come or go. They need to realize when their stock is about to decline, or incline, in a significant manner. In investments you need to invest wisely in a company that can ride out these events, or if they can't, you need to buy or sell so you can still turn a profit. Short selling is another trade consisting of when there is a bet that the market is going to go down. This is a very risky business and I believe that traders would be more greatly inclined to attempt this than an investor. Mr. Kapptie talked of an 80% failure rate for this type of work. Not very many people are willing to risk gambling the market with their money involved.
"A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits."(Wikipedia encyclopedia). When a company makes a profit they have a choice of using that money to further the company and/or divide it among their shareholders. Investors are generally the ones who benefit greatly from this distribution of profits. A traders quick and untrustworthy commitment is not usually rewarded by a company at their end of year profits. Stock increases are especially good for traders because they can then sell and gain a profit. It is always good for investors, but it isn't as important in the moment as it is in the long run. When a stock decreases it is good for the trader to buy, but it is not good if the trader already bought the stock because then they are losing money and have to wait for it to go back up. A decreasing stock is never good for investors, but it still doesn't matter to them as much in the moment as it does in the long run. "2. a person or thing that causes a change"(the free dictionary). Catalysts are events that cause change. This mostly includes holidays, new products, competition rising or falling, etc. Trade is effected because they have to do their homework, and know when good things are about to come or go. They need to realize when their stock is about to decline, or incline, in a significant manner. In investments you need to invest wisely in a company that can ride out these events, or if they can't, you need to buy or sell so you can still turn a profit. Short selling is another trade consisting of when there is a bet that the market is going to go down. This is a very risky business and I believe that traders would be more greatly inclined to attempt this than an investor. Mr. Kapptie talked of an 80% failure rate for this type of work. Not very many people are willing to risk gambling the market with their money involved.
Tuesday, October 15, 2013
Classroom stock market
At the door I became slightly nervous when Mr. Kapptie told us to put down our backpacks and coats. After the brief overview I went to the back door and waited anxiously for the door to open. When it did there was an immediate blast of incoherent noise and then came the wave of heat. Walking in I couldn't see anything at first because it was dark except for the screens showing crowds of people shouting with pen and papers in their hands. After my eyes adjusted I noticed candy and paper strewn about the room. Immediately I bent down and snatched up as much as I could and put it in one spot before it was all gone. As soon as I had collected as much as possible I noticed the writing on the board. I went over to read it and I realized that I was in our very own classroom stock market. The numbers didn't really make any sense to me, so I was reluctant to sell or buy anything. After a while I started to get the feel of it and began to make trades and got more aggressive with my buying and selling power. My biggest mistake though was not reading a paper that said the jolly rancher chews were going to gain profit. I was ignorant in that and therefore I didn't gain any money or value out of that deal. I did sell nerds for a profit even with the major split at the end. Overall it felt very hectic and rather chaotic. My final value was not very significant comparatively, but I didn't bomb it in the scale of things either. When the lights came on I felt very relieved that it was finally over. I enjoyed the experience, but I don't think I could handle the pressure and the chaos involved with this line of work.
At the door I became slightly nervous when Mr. Kapptie told us to put down our backpacks and coats. After the brief overview I went to the back door and waited anxiously for the door to open. When it did there was an immediate blast of incoherent noise and then came the wave of heat. Walking in I couldn't see anything at first because it was dark except for the screens showing crowds of people shouting with pen and papers in their hands. After my eyes adjusted I noticed candy and paper strewn about the room. Immediately I bent down and snatched up as much as I could and put it in one spot before it was all gone. As soon as I had collected as much as possible I noticed the writing on the board. I went over to read it and I realized that I was in our very own classroom stock market. The numbers didn't really make any sense to me, so I was reluctant to sell or buy anything. After a while I started to get the feel of it and began to make trades and got more aggressive with my buying and selling power. My biggest mistake though was not reading a paper that said the jolly rancher chews were going to gain profit. I was ignorant in that and therefore I didn't gain any money or value out of that deal. I did sell nerds for a profit even with the major split at the end. Overall it felt very hectic and rather chaotic. My final value was not very significant comparatively, but I didn't bomb it in the scale of things either. When the lights came on I felt very relieved that it was finally over. I enjoyed the experience, but I don't think I could handle the pressure and the chaos involved with this line of work.
Subscribe to:
Posts (Atom)