We want to share an update we received from the economics team that we sponsor from Stevenson High School in Lincolnshire, Illinois. Their "Stock Market Game" teams are using MarketClub to help assist in their trades and we've been following their success for the past few months. Their teacher was nice enough to send me this message informing me of the progress his 6 teams have made in their participation with the "The Stock Market Game" (a program of the SIFMA).
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Lindsay,
It has been a while since our last correspondence and it is time I got you up to date.
Well, the Fall competition was interesting. One team (freshman girls) finished 77th!! Not bad out of 500 teams. I am very proud of them. They did their research, including with MarketClub and the rest speaks for itself.
The junior and senior boys did not fare as well with standings in the high 400's (470 +). Their research was a bit spotty and in some cases relied more on headlines rather than solid research. I think they learned a valuable lesson there.
Now that we have started the Spring competition, the landscape has changed. Finally, all the teams are seeing the value of MarketClub. I am getting a lot of "Oh, I didn't know MarketClub could do that", "How does it know that?," to "We are now using it (MC), as our guide." I expected this type of reaction now that we are in our second competition. The more the students are using your service the more they are seeing its value and learning how to separate the "wheat from the chaff." The biggest obstacle I have now is teaching them how short selling works. As you know, this concept is a difficult one for beginners to get their arms around. I have told them to find some stocks they think are on the way down and just try a short sale. I am confident that once they get the hang of it they will look at the market as not just a one way street but a two way street with profits to be made regardless of trend.
Again, I want to thank you and MarketClub for your invaluable service.
Stay warm and I hope you all fared well with the snow.
Sincerely,
*Teacher's name removed for privacy*
Adlai E. Stevenson High School
Lincolnshire, Illinois 60069
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Good luck to the spring competition teams! We look forward to hearing about your experiences using MarketClub as your guide.
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
sorry, it is my fault i didnt made my comment clear i didnt meant learning about market that is great indeed ....I meant the statement (( with profits to be made regardless of trend )) coz i think that freshmen will learn at first that trend is your frend and follow the trend even it got out of the chart
Wadzaman,
Thank you for your feedback.
I would most respectfully disagree with your comment. I think it is very important that young people learn how the markets work early on and fully comprehend how the markets work.
In schools nowadays they teach children about sex and a number of other subjects that would have been taboo just a generation ago. Learning about money is an important element in one's life.
MarketClub fully supports the education of high school student's and our colleges here in the U.S.A.
All the best to you and every success.
Adam
with profits to be made regardless of trend !!!!!
This statement seemed to me somehow very risky to be taught to freshmen in this stage