When the Stocks Crashed

In the beginning my father only used the set amount of money he allotted himself to buy and sell stock with. He purchased many different stock market mag

. . .
He formulated a plan to buy stock in new up and coming businesses at low prices, and when the stock goes up even small amounts, your profits go up in great amounts. But more than anything no matter how good something seems to be, to just rush into it without considering the flaws could be a disaster. azines, newspapers, and spent vast amounts of time researching over the Internet. My father did not realize that the very factors that made penny stocks so good also made them very dangerous. I learned many things to do and not do when investing in the stock market. This also left him with no way to purchase new stock to regain the money he had lost. Although his plan had its advantages, in that you can double or triple your profits

relatively quick.

The danger that my father so easily put aside soon became a very inevitable realaity. This process is known as purchasing penny stocks. He invested mostly in technical stocks all dependent on each other, and the technology market in order to prosper. One morning father logged onto his Ameritrade account to find that there was a dramatic drop in the technology market. The mistakes my father made definitely was a disaster for my family and me.

My father’s success, however, did not last as long as he hoped that it would. He thought this was a good idea due to the boom in the technology industry, and ignored the dangers of doing this.

Common topics in this essay:
, stock market, day trading, buy sell stock, sell stock, penny stocks, ameritrade account, system father, technology market, buy sell,

Approximate Word count = 487
Approximate Pages = 2 (250 words per page double spaced)

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