Central Los Angeles : MONEY MAKER - Los Angeles Times
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Central Los Angeles : MONEY MAKER

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Celia Garcia is only 18, but she’s already learned the ins and outs of trading commodities. Her first lesson during a trip to the Chicago Board of Trade’s trading pit? Grown men cry.

“There were a lot of people in a really small room and everybody was screaming at each other,†said Garcia, whose high school economics project won her the trip. “A man was crying because he had lost a lot of money. They were trading . . . millions of dollars.â€

Garcia, a Mid-City resident, earned a $12,000 profit with a $1,000 investment during her project involving paper trading of unleaded gasoline at Marlborough School, a private school in Hancock Park. For her project, Garcia combed a newspaper daily in search of events that affect the price of unleaded gasoline. She then made trades based on her price predictions.

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“What struck me about her project was her research was so extensive,†said teacher Katherine Ward. “She probably had almost a page typed every day of facts that would cause the price to go up or down.â€

Garcia, the California winner in the Chicago Board of Trade’s Commodity Challenge economic competition, said that during her visit to the trading pit, she saw few women traders, a lot of aggressive men, and talked to traders with hoarse voices.

“They move really, really fast,†Garcia said.

Although Garcia, a Stanford-bound freshman, “loved†making money during her project, she plans to major in political science or international relations.

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