Many people invest in the stock market hoping to find the next Microsoft and Dell.However,

Many people invest in the stock market hoping to find the next Microsoft and Dell. However, I know 【C1】______ personal experience how difficult this really is. For more than a year, I was 【C2】______ hundreds and sometimes thousands of dollars a day in investing in the market. It seemed so easy, I dreamed of 【C3】______ my job at the end of the year, of buying a small apartment in Paris, of traveling around the world. But these dreams 【C4】______ to a sudden and dramatic end when a stock I 【C5】______ , Texas cellular pone wholesaler, fell by more than 75 per cent 【C6】______ a one year period. On the 【C7】______ day, it plunged by more than ＄15 a share. There was a rumor the company was 【C8】______ sales figures. That was when I learned how quickly Wall Street 【C9】______ companies that, in one way or another, misrepresent the 【C10】______ .

In a 【C11】______ , I sold all my stocks in the company, 【C12】______ margin debt with cash advances from my 【C13】______ card. Because I owned so many shares, I 【C14】______ a small fortune, half of it from money I borrowed from the brokerage company. One month, I am a 【C15】______ , the next, a loser. This one big loss was my first lesson in the market.

My father was a stockbroker, as was my grandfather 【C16】______ him. (In fact, he founded one of Chicago's earliest brokerage firms.) But like so many things in life, we don't learn anything until we 【C17】______ it for ourselves. The only way to really understand the inner 【C18】______ of the stock market is to invest your own hard-earned money. When all your stocks are doing 【C19】______ and you feel like a winner, you learn very little. It's when all are losing and everyone is questioning your stock picking 【C20】______ that you find out if you have what it takes to invest in the market.

【C1】

A．at

B．in

C．from

D．by