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 that 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 grand- father 【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 hardeamed 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