Counting Chickens Before They Hatch
In "The new stock traders" (Cover Story, May 4), you seem to have forgotten us teenagers. I may be the youngest investor (15) who subscribes to BUSINESS WEEK--buying and trading after school for my dad. I set up a portfolio on Yahoo! for all the stocks I wanted to watch. I also downloaded reports on companies in the Standard & Poor's 500-stock index and chose a stock: Lucent Technologies Inc. After buying and watching and selling, I made enough money to purchase a scanner and leave some for investment.
Then, I began thinking big--like college. If I played my stocks correctly right now, I could probably make my first year's college money, keep trading during my first year, make money for my second year, and so on. Then, I learned a crucial lesson of the stock market (not to mention physics): What goes up must come down.
Sugar Land, Tex.