I know I have mentioned this recently, but I am a member of updown.com an investment website. You can join and play around with $1,000,000 in fake money and try to do well in the stock market. If you do well, you can actually make a little real money. I started several months back, not knowing what I was doing and did ok for a few weeks. Then the market had a down turn and I hadn't been checking my portfolio. I lost my shirt! So the fake me jumped off the 13th floor of a fake building...
A couple of weeks ago, after learning many things about the stock market and the mechanics of trading, I reset my portfolio and started over. I have taken more of a 'day trading' approach. I belong to several investment groups on the site so I watch what stocks they buy, check the highs and lows for the week and make a somewhat educated gamble when buying the stock. I then place a limit order (check out what this means at the site if you don't know) to sell at a price that the stock has reached during that week. I try to find stocks that have a lot of activity and I look for trends (again, lots to find out if you're interested, at the site).
So far, I have a 8.4% return on my million dollars since 3/24/2009 and at this rate, an annualized return of 98% :) I have made $84,028.90 on my $1,000,000! Not too shabby...
Check it out here
A couple of weeks ago, after learning many things about the stock market and the mechanics of trading, I reset my portfolio and started over. I have taken more of a 'day trading' approach. I belong to several investment groups on the site so I watch what stocks they buy, check the highs and lows for the week and make a somewhat educated gamble when buying the stock. I then place a limit order (check out what this means at the site if you don't know) to sell at a price that the stock has reached during that week. I try to find stocks that have a lot of activity and I look for trends (again, lots to find out if you're interested, at the site).
So far, I have a 8.4% return on my million dollars since 3/24/2009 and at this rate, an annualized return of 98% :) I have made $84,028.90 on my $1,000,000! Not too shabby...
Check it out here
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1 comments:
I'm so clueless about the stock market, I actually picture it being the soup aisle at Kroger.
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