I have heard about the Virtual Stock Exchange contest from a long time ago, but I hasn't paid attention for it until yesterday, when I was so bored and decided to do something new, since it wouldn't cost me any real money anyway.
To be honest, I was pretty surprised to see how simple it is to buy and sell stock on the OTC stock market. All you have to do is money (of course the money I'm using is virtual so it's another thing), and you can decide on whatever stock you want to buy. The second thing amazed me is how stocks price go up and down every second, and an amateur like me still has no clue about their trends.
I think, stock trading is simple, but how to win a lot of money by stock trading is not. You have to decide when to buy, when to sell which stock, and to make that decision correctly, you need relevant information. That kinda explains why some people spends their entire days reading newspaper, watching stock price and make decisions.
I'm so glad, that I found out that stock trading is not as complicated as I thought before, and I know that I will be able to do this crap too. I will keep doing this for a while and after some times I'm gonna hit the real OTC stock markets with real money.
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I can tell that you will probably lose all your money and have to pawn your ipod touch.
ReplyDeleteNot after taking some advice from you, my friend :D
ReplyDeleteYou better start writing that paper for mgmt. 15 pages is going to take you a long time.
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