Undergraduate / professional goals essay for Illinois [4]

My professional goals are to become a futures trader and run my own company. Becoming a trader interests me because my father is an options trader. Two summers ago I went to the Board of Trade to assist my father. I was his clerk; I checked his trades, ran a computer analysis of his position, and helped my father with any other tasks. Before I went to the Board of Trade, I had no idea how complex trading is. At the Board of Trade, I learned what commodities traders do. Stock brokers set the price of the stock, which I had not known. They buy when they believe the price is too low and sell when they believe the price is too high. This was a simple concept to understand. As I became more familiar with the stock market, my father set up a virtual trading system. The virtual trading system reflected the real-time prices of stocks, and I was trading on it. Trading was difficult and scary for me at first. I had no idea of when to buy or when to sell and was randomly guessing, hoping my trade would turn out successful, but as I traded more, I got the hang of it. There were consistent levels at which people bought or sold. Also, I realized traders based their judgments on weather (I was trading wheat because that is what my father trades). If traders thought that the weather forecasts would damage the crops, leaving fewer crops, traders would buy because there would be a shortage of crops. Mainly, I want to become a stock broker because there is a chance of making a lot of money. The amount of money a stock broker makes is based on how well he or she does, not a set salary.

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