Today, we started our stock market challenge. Black Friday weekend had just passed and the values of stocks were slowly decreasing. This is because on Black Friday, companies put out deals or sales to attract customers and increase the value of their companies. After Black Friday, these amounts gradually lower until the Christmas season. Today, I bought 1000 shares in both Ulta and Best Buy. As of now, these seem like good stocks to have bought as they are both in the positives and making over $100 each. I am making money because I understand how stocks work. Through the trial period, I learned that stocks are to be bought when they are low, the lowest they are predicted to go. I looked at trends for both Best Buy and Ulta and realized that …show more content…
Over the last 2 days, I have bought several new stocks. I have bought shares in Nike, Amazon, Mastercard, McDonald’s and Mattel. Majority of my stocks are in the negatives, making me lose money. The only stocks that are in the positives are Nike ($72.00) and Mattel ($4578.00). It has been 48 hours since I bought Ulta and Best Buy however, I chose to not sell any of my stocks today. From the trial period, I learned that is only beneficial to sell stocks when they are at their highest. This means that the share values have increased to the point where it is predicted that they will start decreasing. None of the stocks that were eligible to be sold, seemed to be doing their absolute best. As explained in the rationales, both of these stocks are predicted to increase as we near the winter holidays. I therefore made the decision to hold on to all of my stocks. Today I bought 700 shares in Mattel. I made this purchase as Mattel is an infamous toy company and very popular amongst shoppers during this season. I have already made roughly $5000 through this stock and I predict that this value to increase over the coming weeks. My next steps with this project are to find a way to sell the stocks that are doing poorly and/or buy stocks that will make more profit and overcome the loss of the negative integers. At closing time today, my current profit is a disappointing …show more content…
Today, all but 3 stocks of mine became negative integers. In order to balance out the money, I sold stocks that were excelling. I sold 700 shares in Mattel for $4403. Then, I looked at the trends and bought new stocks. I thought that these stocks would grow and the positive integers would enlighten the debt that several stocks were bestowing upon me. I believe why my stocks are low is not my fault, but the market’s. I have been buying stocks as low as predicted possible, however several stocks seem to be decreasing even more. In hopes of making more money, I chose to buy shares in Wal-Mart, Walt Disney, Google, Bed Bath and Beyond and Verizon Communication. Within a few hours of buying these stocks,only Wal-mart and Walt Disney remain positive integers. Despite this, I am hopeful for next week. The first 1-2 weekends in December are popular times for holiday shopping. Many of my stocks were purchased because I predicted that the value of these shares would increase with holiday shopping. Stocks such as Walmart, Amazon and Mastercard should have increased by the time the stock market opens on Monday morning. Though today has been rough, I end the day with a profit of