Personal Summary: The Stock Market Game
Three months ago, if someone asked me about stock and how I think about the stock market, I would try to change the topic because I knew nothing about it at that time. However, right now, everything has changed for me and one of the reasons for that is The Stock Market Game. To be more specific, the game showed me how to keep an eye on the stocks, how good researches help you and how real life event, like the crash of crude oil or the -18% drop of the China market, could affect your stocks. With that being said, the program also taught me that you should sell your stock immediately after it rose or declined, that you should wait if you want to make the most out of your stocks, and that don’t just buy expensive stocks because cheap stocks could earn you some money, which I had learnt the hard way. In short, the game had open my eyes to another level about stocks and the market.
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The first stock that I chose was BIIB, which didn’t perform very well. For about a month that I had it, from February 4th to March 2nd, the stock only rose a tiny 1,05%, from $270 to $273, which forced me to change my tactic from buying expensive stocks to buying cheap stocks. The reason for the poor performance was because the competition in the healthcare industry was extremely high. As a result, Biogen Inc. couldn’t draw much customers. Also, Biogen Inc. had recently cut off some health and drug development programs, as well as some staffs because of the lack of
The first stock that I chose was BIIB, which didn’t perform very well. For about a month that I had it, from February 4th to March 2nd, the stock only rose a tiny 1,05%, from $270 to $273, which forced me to change my tactic from buying expensive stocks to buying cheap stocks. The reason for the poor performance was because the competition in the healthcare industry was extremely high. As a result, Biogen Inc. couldn’t draw much customers. Also, Biogen Inc. had recently cut off some health and drug development programs, as well as some staffs because of the lack of