Week 6 blog thing

As a group we decided that it would be best to establish a mentor instead of field work as i don't really know what work we would do in the field besides just investing in stocks. The mentor that we decided on is Greg Luerken, We decided on him because john's dad knows him and he is a day trader that has made a bunch of money off of the stock market. It is important that he is a day trader because that is what we want to do for this project. A day trader is someone who is actively looking at many stocks and buys low and sells high in order to maximize profits. This differs from a normal trader because a normal trader will choose a few stocks and will invest in them, then that trader will stay invested in those stocks for a long period of time until they decide it is no longer necessary. The problem with day trading is that the stock market is much more volatile in the short term and it is much easier to end up with less money because it is so volatile.The main thing I took away from him was that it is a better idea to do options trading because it is more versatile and I think it would help us make more money.