PS. Brings back memories. Won an US, national high school "paper trading" contest back in the day. Out of 14000 participants. Was quite proud ...
PS. Brings back memories. Won an US, national high school "paper trading" contest back in the day. Out of 14000 participants. Was quite proud ...
I distinctly remember we used a newspaper that I think is still around called IBD "Investors Business Daily", and they had this system that worked really well ("C-A-N-S-L-I-M").-
And I remember pouring over thousands and thousands and thousands and thousands of possibilities each day, and basically doing fundamental and technical analysis. I would filter out the candidates with broad technical analysis and then review the fundamentals of each, looking up each company on huge binders - yes, paper - from a subscription service the school had that had all financial and other info for all listed companies.-
And it worked out. At some point, I caught a few big ones that just went ballistic. And it worked out great. One of the things it did is it taught me the value of effort. And I distinctly remember another thing, too. I distinctly remember being called by the organization to let me know I was winning, having won, all but certainly.-
And the day after that, right before the closing of the ranking, running out of trades - because one had a limited amount of trades to perform during the competition. So I could not close a position I had, which had earned me a lot, so I wound up at a loss after having won, which, and I shall never forget this, ended up with my teacher basically saying, "I have seen how much effort you put into this, so I will give you -my account- to handle, so you can continue trading, so you will always remember that hard work and effort pays off in the end".-
In the end I did loose my ranking and with too little time could not catch up, even with the second account.-
So, I lost, but - in a way - I won, because I "won" that lesson ...
And gush bump it, it's a lesson I've never forgotten.-
So thank you, Mr. Brown.-
(And, in the days before the internet their listings were great ...)
No, I did not.-
PS. Funny thing is I remember being asked, by the organization - whether I was going to go into finance at the time. Of course, I emphatically said that I was.-
I guess "life" took over. It is what happens to you while you make other plans, after all ...
... but the lesson(s) learned have remained with me.-
Smart, actually.-
It's more sophisticated now, and like you, when I was in school (middle school in the late 80s), we just tracked our portfolio performance using daily newspapers. I remember buying a couple of symbols for companies I'd never even heard of, and knew nothing about. Probably not the best that this was a thing led by our social studies teacher.
Actually, these "wargames" serve another IMHO crucial purpose - and another lesson I gathered from the whole experience, early: Learn to invest. And learn to invest as an structural part of one's development.-