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How The Stock Market Works Game!

Scorpio87

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Found a website where members can play the actual stock market with fictious money. I setup a challenge in LSA's name just in case anyone wants to join. I advise anyone interested in learning how to get started or better acquainted with the stock market to join. Below are the directions on how to sign up.

Register and Join:
Ask them to Register to howthemarketworks.com and once they log-in, they can go to Join Contests, and look up your contest: Lipstick Alley Challenge via the search bar.

Stock market is closed so you want be allowed to trade until tomorrow. If you need a reminder leave a comment and I will tag you tomorrow before 4PMCST.

Click on the button to view password:
lipstickalley

***I will tag everyone who likes and/or comments in the thread tomorrow...thanks for your participation!

*****If you are reading this after August 2, 2017....you can still join. Once you join please let me know you have signed up---especially if you are using a different name from LSA! Start making trades, learn, and have fun! Be sure to comment in this thread or on the website's contest forum whenever you feel the need!
 
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Applejack.

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Thanks OP, I think this is an excellent idea. I've been trying to get into the stock market for ages now but haven't really had the time to learn.
 

Sugar.

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I'm in and I'll need to a tag. Please and thank you.
 

Scorpio87

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I believe I tagged everyone who liked and/or commented in the thread...shout out to the 12 people who already registered yesterday! Let the games begin!

Feel free to use this thread for updates,commentary, and questions.
 

SheSheWright

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K I just realized that I have no idea what's happening.

So when I was in college one of my business classes did a stock challenge. We had 10k and had to pick stocks. I came in like dead last in the class.

I only chose 3 stocks: Tivo (DVR) Netflix, and Walmart.

This was in 03'-04' when nobody knew what Netflix was and the idea of rewinding TV was laughed at. But I studied the companies to find something that I thought would take off.

From that I learned that I know what a good idea looks like, I just don't know how to time it properly to maximize my returns in the market. Now mind you I only lost 500.00 but I didn't make a cent. That's why I lost.
 

Scorpio87

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@Bethette I did this like in 05 for an Economics class senior yr of high school I think we had $10k. We had to choose 5 stocks and track them daily. I remember picking Dell and Pepsi but I cant remember the other 3 I basically picked products I used on a daily basis.
 

Scorpio87

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I have no idea what I'm doing :bulgyeyes

I'm pretty sure the majority of us dont lol....I suggest you just play around....pick 5 stocks/brands you use on a daily basis and go from there. You have money....so if you want to only spend like $1k-$2k per stock look at the trade price...for instance Coca Cola(KO) price is $45.48 I think I bought maybe 15 shares which came out to be a little over a $1k. Prices go up and down all the time...so basically you have to decide to let your money sit or sell it. Also you can buy other stocks as well if you feel like you've heard a company is doing good or has always maintained a steady rate. But I'm no expert just something to think about. I've dabbled IRL with stocks and had no clue lol!
 

Velvety

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I'm glad this was made. I'm doing a current marketwise game with some complete strangers. I would rather play with some of my fellow ladies.
 

Q U E E N

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I'm pretty sure the majority of us dont lol....I suggest you just play around....pick 5 stocks/brands you use on a daily basis and go from there. You have money....so if you want to only spend like $1k-$2k per stock look at the trade price...for instance Coca Cola(KO) price is $45.48 I think I bought maybe 15 shares which came out to be a little over a $1k. Prices go up and down all the time...so basically you have to decide to let your money sit or sell it. Also you can buy other stocks as well if you feel like you've heard a company is doing good or has always maintained a steady rate. But I'm no expert just something to think about. I've dabbled IRL with stocks and had no clue lol!
Thank you! I was so overwhelmed lol

Okay so I made 2 purchases into 2 companies. I'm contemplating a third. So from now on just watch the numbers and sell if it drops too low?
 

Scorpio87

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Thank you! I was so overwhelmed lol

Okay so I made 2 purchases into 2 companies. I'm contemplating a third. So from now on just watch the numbers and sell if it drops too low?

Pretty much...the website has lots of resources to use so I'm sure you can look up any news on your stocks not just there but anywhere to see any trends....you have to understand also stocks can go up or down based on the current events as well. But not to overwhelm you just keep an eye on your stocks lol!
 

MichaelMYERS

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Idk what the fµck I'm doing but soon I'm gonna be a rich b!tch..
source.gif
 

Scorpio87

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Once everybody starts making trades...I will post the top 5 each Friday(markets closed on weekends). Also you can make trades after 4 but you wont be able to actually buy them until the next business day....same as weekends the trade wont be made until Monday.

And if you want me to post articles/info on what stocks to purchase let me know...I will find some for you guys.
 

Scorpio87

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Just for the record this update sucks....I'm supposed to get notifications anytime someone posts in the thread but I havent gotten nary a one but they make sure I know when someone starts a thread in the XES Alley like clockwork....smh!
 

Q U E E N

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Just for the record this update sucks....I'm supposed to get notifications anytime someone posts in the thread but I havent gotten nary a one but they make sure I know when someone starts a thread in the XES Alley like clockwork....smh!
Oh my gosh, isn't that annoying? I've made 2 threads about it and Condi hasn't said a damn thing in either one smh
 

VersacePrincess

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I'm pretty sure the majority of us dont lol....I suggest you just play around....pick 5 stocks/brands you use on a daily basis and go from there. You have money....so if you want to only spend like $1k-$2k per stock look at the trade price...for instance Coca Cola(KO) price is $45.48 I think I bought maybe 15 shares which came out to be a little over a $1k. Prices go up and down all the time...so basically you have to decide to let your money sit or sell it. Also you can buy other stocks as well if you feel like you've heard a company is doing good or has always maintained a steady rate. But I'm no expert just something to think about. I've dabbled IRL with stocks and had no clue lol!

I did a market buy intel, gamestop, UPS, starbucks, mcdonalds.
Took a risk with Tiffany & Co since I wanted stock in a high end brand. I got 10 shares of Tiffany but I lost a good $2k. I'm still trying to figure the site out so lord help me.
 

NY_Mami

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I want to see if For Dummies has a stock market book... but I know someone that works with stocks and they gave me the best marijuana stocks to buy shares in recently... I forgot what they were...
 

Crimson Belle

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I think I joined our group, but I'm so confused lol. I'm working from my phone...would it be better to do this on my laptop??
 

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