Yesterday was a really great opportunity to experience a simulation of the trading floor at the stock market. When I first walked in the room I was overwhelmed by all of the noise and also really surprised to see so much candy on the floors and tables. At first I was confused about what I was supposed to grab off of the floor. I knew that the Laffy Taffy was money, so I got those, but I didn't realize that the chocolate bars were potential stocks until it was almost too late so in turn my team had a lot more money than we had stocks, silver, and gold.
Once the prices of the chocolate stocks were established, we were somewhat hesitant to trade at first. However, we eventually took the opportunity and began to trade some of our money (laffy taffy) for stocks (chocolate), gold, and silver. From the beginning our strategy was to diversify. Although we started out with a majority of cash, we soon traded about half of it for some gold and silver but mostly stocks. When Mr. Goodbar's stock prices went down because the CEO was embezzeling, we took advantage of that opportunity and bought a lot of that stock. When we got the hint that gold was going to plummet, we tried to sell half of our gold stock for a lot of stocks while the prices were still high. Overall, I thought the experience was very fun. It was hot and dim, but it was a good lesson in staying calm in a chaotic situation.
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