ok, im going to be a little harsh on this for a few reasons.. one.. all you did was take footage from tv.. there was nothing original that you did there. it was all someone elses work.. but then we get to the transitions and effects.. you used way to many and they served no purpose. Everything you do as an editor should be for a reason. Just because you have a box of 200 crayons dose not mean you have to use every color.. Same with editing, just because you have X amount of effects and transitions dose not mean you use them all..
With that said, I can see you put the effort in and the mistakes are the same that probably everyone here has made when started out. My advice would be to watch TV. Look at espn, cnn, 20/20 look at how they edit and film. You're still learning, you'll get better in time, just listen to what people here have to say. I think you'll like it here, and feel free to add to any post.. and have fun..