A story for my new traders...
|
Posted By: Lekesha Williams on November 11, 2007 I would first like to welcome you all to the future of stock exchange. I believe that we (we being the black community) are missing out on one of the most ideal and profitable capital investments on tap. Think about the first time you picked up the newspaper and flipped to the stock portion of the business section. Probably seemed a little intimidating. It really isn’t as hard as it seems if you have enough discipline to sit your behind down somewhere and actually research the stocks you feel have the most potential. I can remember the first time I decided to try my hand at the stock exchange. I was 19 years old and in need of fast money. I had just paid my rent, car note, insurance, filled my tank, paid all my bills, and put food in my apartment leaving me a little under $100 to my name until my next paycheck…. 15 days away. Now this wasn’t the first time I had to stretch $100 dollars or less until the following payday but my gut instinct was telling me my Sebring brakes weren’t going to last until then. I’m forced to make a tough decision: Try my luck with the stock market or start stripping at Magic City. I’M PLAYING!!! No but really, me being an inexperienced young adult, fresh out of mom’s house, I decided to play the market and roll the dice. Besides, what did I have to lose besides ALL OF MY MONEY!? Right? So I’m like, “Whatever I’m going for it.” Naïve. My first big mistake: I did no research. I basically just picked a really, really cheap, no name stock and bought as many shares as I could. I ended up buying 1000 shares of a $0.08 stock which only cost me $80. My second big mistake: I started acting like a day trader. (Definition of a Day Trader- someone who purchases and sells stocks back to back, sometimes even several times a minute, based off of the trends or monument of the stock.) So I started monitoring my stocks like a hawk, refreshing the page with the stock price 30 or 40 times a minute. Every time the stock would drop I would sell it quick and buy another stock that was on the rise. My third big mistake: If I saw a stock was getting really high and I sold it, my receipt would tell me that I made x amount of dollars off that stock, problem was that computer trading sometimes has a lag time of x amount of minutes so when I click the sell button, I’m not looking at the current price, I’m buying that stock for the price it was 20 minutes ago. My fourth big mistake: Even though I was selling my stocks when they were higher than the initial price I paid for them, I wasn’t realizing that there was a $15 fee for real-time trading for each time I made a transaction. Yeah I know WOW! Okay, okay so bottom line, I lost all my money and had to break down and borrow money from my mom. ILL, we all know that feeling. But I did learn a lot from that experience and the second time around I wasn’t going to give up my money so easily. I started from the bottom, researching the background of the companies the stocks fell under. I began reading books on the different stock trading techniques and the funny thing is; the more I learned, the more foolish I felt for making the mistakes I did the first time I tried trading. I hope my story has taught you all something… PREPARE, PREPARE, PREPARE!!! If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
 |
Lekesha Williams
From Newport News, VA Academy of Art Col class of 2010 Member Since October 2007 |
Comments
 |
heard that
Monday, November 19th 2007 at 10:28AM |
More From This Author
Latest Blogs
 |
WOMEN OF GOD in UNITY Working Together5 Anointed Christian Women talking about things happening in our communities Throughout the nation and should be change with our help daily. And there will be 2 recording gospel Artist at this event p ...more
Min Sammy Jackson • 35 Views • March 9th, 2026 |
 |
WOMEN OF GOD in UNITY Working Together5 Anointed Christian Women talking about things happening in our communities Throughout the nation and should be change with our help daily. And there will be 2 recording gospel Artist at this event p ...more
Min Sammy Jackson • 36 Views • March 9th, 2026 |
 |
Behind the Wheel of the Hot 2026 Kia Sportage ReviewCompact SUVs remain competitive, and Kia’s best-selling model for 2026, the Sportage, gets a major mid-cycle update to stay ahead. During a week with the new Sportage Hybrid SX-Prestige AWD, I tested ...more
Randi Payton • 154 Views • March 5th, 2026 |
 |
Season OpenerOpen door looks inviting; You see noone near the vehicle yet the door has been wide open for an unusual amount of time!
🤔💭“maybe I should help them out or should I just stick to th ...more
How May I Help You NC • 162 Views • March 4th, 2026 |
 |
Motivational Artist MARCUS PARKER Creates Rize Mode A AI Powered Artist@MARCUSPARKER #MARCUSPARKER
@RIZEMODE #RIZEMODE
@WISEDIVAS #WISEDIVAS
FOR IMMEDIATE RELEASE
Underground Motivator MARCUS PARKER Launches AI Artists and New Guide to Help Others Build Their Own ...more
LaMarr Blackmon • 200 Views • March 2nd, 2026 |
Popular Blogs
 |
Divorce in America in 2009 – What’s love got to do, got to do with it?
Join Brother Marcus and the cast and the crew of the Brother Marcus Show live this Sunday evening on February 1, 2009 @ 8:00 p.m. for another hot topic in our community! “Divorce in America in 2009 ...more
Brother Marcus! • 70,862,134 Views • January 27th, 2009 |
 |
VISINE ALERT!!!Seemingly innocent medication such as Visine eyedrops are used by people to concoct a mixture with similar effects as a date-rape drug.
When mixed with alcohol and taken orally, the eyedrops can l ...more
Siebra Muhammad • 118,520 Views • May 23rd, 2009 |
 |
"Chain Hang Low" check out the real meaning of the Lyrics!Recently there is a new artist out of Saint Louis that goes by the name JIBBS. Jibbs debut single "Chain hang low" has a history that most people are not aware of. The particular nursery rhyme that th ...more
Tyhesha Judge-Fogle • 75,932 Views • November 9th, 2006 |
 |
HBCU Marketplace Gifts: Divine 9 Premium Fraternity / Sorority Playing CardsVendor: Charles Jones
Item Price: $20.00
Price Includes Shipping: Yes - Shipping Included
Item Description:
Pantheon Series - Divine 9 - Premium Playing Cards (choose Gold Series or Silve ...more
How May I Help You NC • 61,766 Views • December 2nd, 2018 |
