Any tips for me i have been paper trading for a month made 1786 thousand with a 10k acount and im 14

[nooby_mcnoob]

You turned 10k into 1786k using RSI, MACD & BB?
Amazing!
You don't need any tips, perhaps teach us how it's done.

Come on the kids 14. He obviously meant $1786

 

[Scataphagos]

You turned 10k into 1786k using RSI, MACD & BB?
Amazing!
You don't need any tips, perhaps teach us how it's done.

He worded it funny.

"1786 thousand" = $1.786 Million. Starting from $10K and for only 1 month? I'd like to GMSOT!

 

[ironchef]

no 1 thousand and 786

Sounds more reasonable.

Don't let others discourage you, keep on paper trading and refine your method. However, listen to @dozu888, stay in school and learn as much math as you can, In today's world, you need some math to understand finance and the market.

Good luck.

 

[destriero]

Yeah, I don't think any 14yo is mature enough to handle actual trading. I know that I'm not.

 

[Risepoint1879]

I am very open to any elite trader with experience to give me good advice and to mentor me I have been focusing on the technical side of it and have notes on my wall of patterns and their probability also I have watched videos extensively on technical indicator and have focused on MACD,RSI and Bollinger bands as well also trying to follow stock new and doing research on the stocks float and earnings if I can have any tips it would be amazing

Go live small size, and see if the profit continues. If it does scale up, rinse and repeat.

 

[tenny1886]

take risk, learn from mistakes, you have a long way to go but most important learn and never stop seeking knowledge.

 

[ironchef]

Yeah, I don't think any 14yo is mature enough to handle actual trading. I know that I'm not.

Warren Buffett bought his first stock when he was 11 years old:

https://www.investopedia.com/ask/answers/021915/what-was-first-stock-warren-buffett-ever-bought.asp

 

[destriero]

Warren Buffett bought his first stock when he was 11 years old:

https://www.investopedia.com/ask/answers/021915/what-was-first-stock-warren-buffett-ever-bought.asp

I traded my first arbitrage (an arb loss) at 18. Doesn't mean that he should. And buying 10 shares of stock is not the same as trading.

 

[ironchef]

I traded my first arbitrage (an arb loss) at 18. Doesn't mean that he should. And buying 10 shares of stock is not the same as trading.

He bought 8 shares @ $38 sold them later and made $2 but regret seeing the stock went to $200. Maybe that was why later he said the holding period should be forever.

 

[El OchoCinco]

Countless teenage Jews buy stocks with their bar mitzvah money, does not make them traders.