单项选择题

Many people invest in the stock market hoping to find the next Microsoft and Dell. However, I know (31) personal experience how difficult this really is. For more than a year, I was (32) hundreds and sometimes thousands of dollars a day in investing in the market. It seemed so easy, I dreamed of (33) my job at the end of the year, of buying a small apartment in Paris, of traveling around the world. But these dreams (34) to a sudden and dramatic end when a stock I (35) , Texas cellular pone wholesaler, fell by more than 75 per cent (36) a one year period. On the (37) day, it plunged by more than $ 15 a share. There was a rumor that the company was (38) sales figures. That was when I learned how quickly Wall Street (39) companies that, in one way or another, misrepresent the (40) .
In a (41) , I sold all my stocks in the company, (42) margin debt with cash advances from my (43) card. Because I owned so many shares, I (44) a small fortune, half of it from money I borrowed from the brokerage company. One month, I am a (45) the next, a loser. This one big loss was my first lesson in the market.
My father was a stockbroker, as was my grand- father (46) 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 (47) it for ourselves. The only way to really understand the inner (48) of the stock market is to invest your own hardeamed money. When all your stocks are doing (49) and you feel like a winner, you learn very little. It’s when all are losing and everyone is questioning your stock picking (50) that you find out if you have what it takes to invest in the market.