Through out the game I think I have sold about 10 stocks at a lower price. The first day of class when you told us that we have to play the stocks game, I didn't want to play it at all. Because it seem like it is really boring. As I kept on playing the game, I got very hooked on the game. It was fun and exciting both at the same time. The second week into the game, I remember every time whenever I get home at 10:45 I would run to my room really quick and turn on the computer and was looking at my stocks to see if it's going up or down. Also every couple of seconds I would keep on clicking the refresh button to see if my stocks is going up and down, and every time my stocks is going up I

would be very happy and if it's not going up I would be

I also found out that prime lending rate also effect the stock market; it's the interest rate that commercial banks charge their most creditworthy borrowers, such as large corporations. The prime rate is a lagging indicator and it also relates to an interest rate, which can be periodically adjusted up, or down, usually in response to changes in the prime rate. For example, when I bought Bank of America stock at first every couple of hours the stocks keep going up and down, it never stay at the same rate or go up hire. Therefore I decided to sell Bank of America instead. Also I found out that when the inflation is high the prime rate goes up to cut money supply. Plus the interest rate that banks charge each other for the use of Federal Funds. It changes daily and is a sensitive indicator of general interest rate trends. Also I’ve notice that most of the stocks that I bought is from the New York Stock Exchange. I don’t really know why I bought most of my stocks there but I guess it was going up at that time, so I decided to buy it.

When I first started to buy stocks, I didn’t know what to buy so I was searching online and finding whatever stocks is high at that time and I would just buy it. The first stock that I ever bought was QCOM, to my memory I think it was going up about 1 something. So I bought that stock, about an hour later the stock went down. After QCOM went down a lot I decided to sell it because I notice that I was losing a lot of money so therefore I just sold it. I didn’t know that I’m suppose to sell the stock if it’s low, until you told us that the best time to sell any stocks is when it is going up not down. Also when I was getting ready to purchase my stock, I didn’t know what “sell short” and “buy to cover” was, but I already knew what buy and sell was by reading other business books and from looking at the virtual stock exchange website. Selling short is when I want to bet against a stock by selling it short, I am selling the stock first and then buying it back later. Buy to cover is when I’m buying back a stock that I’ve shorted. Also when

Some topics in this essay:
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