I remember a few months ago when I started investing my own money in the stock market. It was one of my first time buying stocks, so I didn’t know properly how to do it. And I remember that I bought one randomly, it’s Apple, but in that period the market was crashing. And I remember that it was checking my phone every minute. and I used the website to see the news on the stocks that I buy to see if it’s better to sell them or buy more and I remember that there was news about a scandal about Apple so I opened the app very quickly because I decided to sell it but the problem is that the app was in a crush so I wasn’t able to sell it. In fact, the day after when the market opened again, I lost like 90% of my money. So, yeah, the outcome was the worst possible, but the positive thing is that I understand my mistake and I improved. So now I know that I don’t have, first of all I don’t have to check my portfolio every seconds but probably every few days to see how it’s going and then decide. I don’t have to rush the things also because I’m investing my own money so I have to be careful on that. one mistake it can cost really 100 or 1000 of euros.
Band 6+: Describe a time you had to make a difficult decision quickly. You should say: - What situation you were in - What options were available to you - What decision you made And explain why it was so difficult.
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I remember a few months ago when I started investing my own money in the stock market. It was one of my first times buying stocks, so I didn't know how to do it properly. I remember that I bought one randomly; it was Apple, but during that period, the market was crashing. I was checking my phone every minute and using the website to see the news on the stocks I bought to determine if it was better to sell them or buy more. I remember there was news about a scandal involving Apple, so I opened the app quickly because I decided to sell it. The problem was that the app was crashing, so I wasn't able to sell it. In fact, the day after, when the market opened again, I lost about 90% of my money. So, yes, the outcome was the worst possible, but the positive thing is that I understood my mistake and improved. Now I know that I don't have to check my portfolio every second, but probably every few days to see how it's going and then decide. I also don't have to rush things because I'm investing my own money, so I have to be careful. One mistake can really cost hundreds or thousands of euros.
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Speaking Time: 86 seconds