Mastermind Investing: The most simplified and strategic way to invest in the stock market. by Thomas Washington Jr.

CHAPTER 1

Stock market crash course

What’s the stock market? A stock market is the place where buying and
selling of stocks takes place. These transactions of buying and selling

stocks are done on a brokerage via the Internet. Stocks are traded or
invested daily all over the world.
Real World example: Sneaker example
On November 30th, 2020 - edited from my 2016 Tesla example -
Explaining the stock market from the buyer & seller side, using
sneakers as an example:
Seller Side: You have some Jordans. You heard somewhere that they’re
worth $200 so you list them online for $200. Somebody messages you
saying they’ll give you $250 for them if you take the listing down offline
ASAP.
You go to take it down and somebody else messages you, they’ll give you
$300. Now you are wondering how much they’re actually worth, so you
leave them up and raise the price to $300.
Someone messages you $325 if you take down the listing. Someone else
says $350, and then other offers come in for $400, $450, $475… You say
“Ssssheeeeessshhh I’m listing these damn things for $750”.
Crickets. Nobody messages you. So, you drop the price to $700. Still
nothing. “Maybe $650, yeah they’ll sell for $650.” But still nothing so you
drop it down to $600. And…nothing. “Ok $550 then, screw you guys (you
say angrily as you edit the listing price again).

Mastermind Investing: The most simplified and strategic way to invest in the stock market. by Thomas Washington Jr.