Jessica Amado, a rising senior at Rutgers University, said that playing the turnip market taught her the importance of taking profits — before prices fall. The 22-year-old frequently lost money by not selling her turnips when prices rose — holding on and hoping they’d continue to climb.
When her father found out she was trading turnips, he gave her $120 to invest in real stocks, and she put her turnip lessons into practice. She bought 20 shares of Plug Power Inc. earlier this summer at $5.60. She said she chose the company because it was listed in the Robinhood app as one of the top 100 most popular stocks, and it was mentioned in an article her father sent about the best stocks under $10.
She unloaded her investment once shares crossed $10 for a roughly $100 profit. But it has since continued to rise