Today I received an email from the teacher who runs the economics club at Stevenson High School in Lincolnshire, Illinois. He sent a great message to inform me of the progress his 6 teams have made in their participation with the "The Stock Market Game" (a program of the SIFMA). I wanted to share this message with you as the successes and struggles are typical of new traders.
Thought I would give you an update on the progress our Stock Market Challenge teams. Out of 500 teams one of ours is 52! The others are not faring as well (200 placement range). But, a few reasons are behind this:
First of all, getting the kids used to and knowledgeable about trading stocks was a challenge in itself. This is the first time we, as a school, have participated in this type of competition so the "word" is not out with the student population. Of interest is that I am getting more inquiries from some top notch students but, unfortunately, the competition is closed for them for now.