| Hello, my name is Sam and I'm going to teach you | | | | 2. Start looking for Companies in your categories. |
| guys the importance of investing. What risks are | | | | Start with a minimum of 5 |
| involved and whats the profits that you could inherit. | | | | 3. Look for a virtual stock market trading game. I |
| About a year ago I was in my economics class when | | | | prefer Wall Street Survivor. |
| I was truly introduced into the stock market (Senior | | | | 4. Bookmark Wall Street Journal, and keep tabs on |
| Year). My teacher made us play a stock market | | | | your stocks. ( News + Press Releases) |
| game with "virtual money", and divided us into equal | | | | 5. Keep, trading your account about 3 - 5 times a |
| teams. We both had $50,000 to play with and only 2 | | | | week to keep up. Watch your profit and losses. |
| - 3 stocks to pick. To this very day I don't | | | | 6. Every Saturday keep a record of how much you |
| remember what stocks I picked, but at the end of | | | | gained or loss. |
| the school year my team was the winner with | | | | Now once you've master the stock market or feel |
| $100,000+ more in gains. I was in shock. | | | | confident, go ahead and open a trading account with |
| How did "I" win the market game? Easy I research | | | | any brokerage. I prefer Scottrade since their |
| the stocks that interest me the most. At the time it | | | | commission on trades are only $7 flat. Also start your |
| was computer and technology companies. This was | | | | account with only $100, and only use money you can |
| fun to research since I was a big fan of technologies, | | | | afford to loose. The more confident you feel, the |
| so I focused all my attention on those types of | | | | more money you'll be able to risk. Never jump the |
| stocks. As for you, do the same by finding you best | | | | gun. |
| market. It could be from clothing lines to energy | | | | Manage your profits! I've seen young people my age |
| corporations. Just find your niches, then do research | | | | blow away their profits and don't think about the |
| on the companies. So while doing I came across | | | | future. Upon gaining your profits don't use them to |
| many; in not hundreds of virtual stock market games | | | | party or brag. Instead save them for later use, or on |
| online. This is where I became the master at such | | | | something much more valuable; your first house, |
| young age and actually taught myself. I signed up for | | | | car..etc. |
| one of the virtual market games which I quickly | | | | Example: |
| learned and began trading with the stocks I research. | | | | You bought XYZ @ $3.50 a Share, you bought 500 |
| I kept a daily tab on news information about those | | | | shares. |
| stocks and spotted where I needed to sell out. | | | | 2 Weeks later XYZ went @ 19.50 a Share and you |
| So here are the steps you need to follow. | | | | sold. |
| 1. Get a paper and pencil out, or notepad and start | | | | You gained $7000-$8000, Save it or re-invest at least |
| writing what your favorite categories are. | | | | 35% of it. |