Thursday, October 24, 2013
Blackjack
When we first started playing black jack, I started to think about how smart all of the people in my class really are. I knew black jack was going to be extremely hard because only about 6 of us actually knew what we were doing with about 15 people playing all at once, so I knew the chances of winning weren't that good. At times i let my mind slip to thinking i was playing the table, when I was really only playing the dealer, so when I thought that i was playing the table, I lost a lot of my money. The only thing i kept constant was my bets, two chips each game, that way i wasn't losing much, but I could also double and gain some still. At the end of the game, I lost all of my chips trying to hurry and win and get the best cards i could as fast as I could.
My stocks
My two main stocks are coca cola and ford motors. These are both investments because vehicles and sodas really aren't going anywhere for a while, they're good stocks to invest in because everyone buys a soda everyday, and people are always buying cars.
Thursday, October 17, 2013
Definitions
A trade is something short term, you sell when you meet your catalyst. A catalyst is a set date/time youre gonna sell your trade, no matter what. An investment is something you keep for a long time to make money, but also not sell. A short sell is borrowing shares, selling them, and pocketing the difference that you made.
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