WMA qualifies for national stock market event
Buy or sell?
Wilbraham & Monson Academy did plenty of both at a virtual trading competition for high school students, with one of the Academy’s teams advancing to the highest level of simulated investing in the country.
The trio of Nick Morin ’21, Jeremy Dubois ’21 and Leo Miller ’22 placed second at the local Junior Achievement Stock Market Challenge, qualifying the group for the national competition May 19.
WMA also had teams finish fourth, fifth and 10th. The annual event taught students the ins and outs of investing and trading. The competition was 60 minutes, with each minute representing one day of trading at the New York Stock Exchange.
Nick on competing at this year’s event: “The Stock Market Challenge was a rollercoaster for our team, as at the halfway point we were in the negative about 7%. We stuck to what we knew and held some stocks knowing they would rebound, while making some smart investment on new stocks. Our strategies paid off in the final ‘days’ of the challenge as we climbed up the leaderboard and into second place.”
Faculty Advisor Jim Irzyk on how WMA performed overall: “I was thrilled with the results from all four teams. The energy and excitement in the room the day of the competition was ‘game-day’ like.”
Mr. Irzyk on what the Academy’s students get out of the event: “Students learn and feel what it is like to be a day trader. While we do not teach day trading as a foundational investment strategy in our Center for Entrepreneurship, Economics & Finance, students thoroughly enjoy the excitement and competitive nature of the event.”
Mr. Irzyk on the second-place team qualifying for the national competition: “It is fantastic to have a team be eligible for the national competition. WMA and CEEF/FEB (Finance, Entrepreneurship and Business) students are passionate about investing and finance. Bravo to the students for their thirst to become investors.”