THE STOCK MARKET PART II (SLP)

own luck at short term trading, go to E-Trade or another online brokerage and use some of your imaginary $95,000 to buy some shares of a stock that you think will go up in the next day or so. Sell this stock by the end of the module.

Read the information in the background material, look for more information if necessary, and then write a two to three page paper answering the following questions:

1. Which stock did you choose, and why?

2. How much did you spend, including transaction fees?

3. How much did you gain or lose when you sold this stock? Take transaction fees or commissions charged by your broker into account. Add or subtract this from your $95,000.

4. Explain whether or not you think day trading is a prudent investment strategy or not. Did this assignment change your view one way or another?

Session Long Project (SLP) Expectations:

In Module 2 SLP, you are expected to:

?Describe the purpose of the paper and conclusion.

?Answer the SLP questions clearly and provide necessary details.

?Provide a quality argument; that is, no poor sentence structure, no spelling and grammar mistakes or run-on sentences.

?Provide citations to support your argument and references on a separate page. Please use APA format to provide citations and references [http://owl.english.purdue.edu/owl/resource/560/01/ ; http://www.tuiu.edu/guidelines/Well-Written-Paper.pdf].

?Answer all the SLP questions in an essay format instead of point format. Please do not type questions in the paper.

?Type and double space the paper.

?The following criteria will also be used to assess your paper:

>Focus

>Breadth (comprehensive quality of written paper)

>Depth (deepness of thought)

>Precision (doing what asked to do)

>Clarity (clearness of thought)

?Critical thinking (application of logic and intellectual criteria such as clarity, creditability, accuracy, precision, relevance, depth, breadth, and significance)

SLP Readings:

Smith, L. (2010). Would you profit as a day trader? Retrieved November, 2010, from http://www.investopedia.com/articles/trading/07/market-timing.asp

Cholly, F.D. & Frank, F.J. (2009). Day-trading silver with technicals. Futures, 38(5), 40-42. Retrieved November, 2010, from http://proquest.umi.com/pqdweb?index=0&did=1698097171&SrchMode=1&sid=4&Fmt=4&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1250977615&clientId=29440

Milton, A. (2010). Day trading tools. About.com. Retrieved November, 2010, from http://daytrading.about.com/od/daytradingbasics/a/DayTradingTools.htm [a comprehensive list of links about day trading]

Yahoo.com (2010). Yahoo finance. Retrieved November, 2010, from http://finance.yahoo.com/

E-trade.com (2010). E-Trade. Retrieved November, 2010, from https://us.etrade.com/e/t/home

Hechinger, J. & Opdyke, J.D. (2003). Day trading makes a comeback and brokers vie for the business. Wall Street Journal, New York, A. 1. Retrieved November, 2010, from http://proquest.umi.com/pqdweb?index=0&did=415402401&SrchMode=1&sid=1&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1203078577&clientId=29440