WEEK 8 Practicing Your Knowledge

I played the stock market online this week. I think analyze the stock market is a part of hands-one learning of economic field. It is my first time trying to play the stocks even its only practice without using the real money. The similarity with the real stock market is that I can buy and sell stocks. 

The software I used called "Da Zhihui" (a chinese stock software). When I first time open this software I have no idea what to do looking at those red and green figures on the charts. Each stock has its own number or code. If I want to find a specific stock for an example Longji Stock, I should first check its code or I can just type its stock name to find the details or market. The code of Longji Stock is 601012. The price per share of Longji today begins with 16.80, the average since now is 17.40, and the price now is 17.28. The price is unstable since people sell and buy the stock.  

The game starts with the capital of 1000000.00. At first I don't know what stock I should buy. Then I read  the news of those companies. I think if there is a big event of a company, its stock price might has a big jump. Longji Stock is one of the news board. It says the performance of Longji Stock keep increasing in the third season report. According to the news, I think Longji might be a authentic company that I can buy its stock. Then I search Longji on the internet to get some basic idea about its company. After I analyze its market, I decide to buy its stock. At first time, I bought 500 shares of Longji stock at the price of 17.38. After buying the stock, my eyes keeps at looking the chart analyze its rise and fall. When I saw its price rise to 17.45, I decide to sell my share to gain the profit. It is interesting that after I sold my shares in two hours, the price raised to 17.49. When I saw this situation, I am regret of selling shares too early. If I wait more hours, I might earn much mine. Human alway can't satisfied at anything. 

I played several times of the stock market game. Every time I play I would buy some shares of Longji stock, but not every time I am the lucky one. I also bought the NDX share, DJIA share, and some stocks that I never heard before. I earned little in the end. I think its a valuable and experiential game which I can learn many things and have lots of fun.