Just imagine yourself in 2 years ..you could be loaded lol
https://www.mylondon.news/news/north-london-news/meet-16-year-old-london-16162385
https://www.mylondon.news/news/north-london-news/meet-16-year-old-london-16162385
Any tips for me i have been paper trading for a month made 1786 thousand with a 10k acount and im 14
- Thread starter Khalid21
- Start date
Personally, I think the stupidity and perseverance of youth in the face of failure is the perfect way to learn trading. It's when you are humble, fail and try again that you will probably succeed.
since you earn $1 786 000 with a 10K account from paper trading and you are 14 y/o,
what you can do is to buddy with another person who is very calm and alert and ask him to open trading account with his own money.
You give instruction to him to open and close position.
Profit from the trade could be shared say 10% / 90% between you and buddy.
why only 10% profit? because trading account money is from buddy, and
that $1.7 million is very huge !
Loss from trade could be shared 50% / 50%.
what you can do is to buddy with another person who is very calm and alert and ask him to open trading account with his own money.
You give instruction to him to open and close position.
Profit from the trade could be shared say 10% / 90% between you and buddy.
why only 10% profit? because trading account money is from buddy, and
that $1.7 million is very huge !
Loss from trade could be shared 50% / 50%.
Last edited:
$1786, not $1,786,000.
Even,
10% on $1786, monthly ( unlikely to happen ), for 14 yrs old kido, -
by the age of 18,
~$10 000,
more than , what 50% of population, of any age, has i savings,
Hell of a Plan.
ignore whatever profits you think you are making. you are young and have no comprehension of risk (not an insult). Learn as much as you can about EVERYTHING. Learn the math and biases behind every technical indicator. Try to trade with that new information. Record results and then move on to another indicator or system, whatever. Just learn about everything. Your goal should not be making massive profits but learning what is behind every technical indicator. Over time and paper trading you will start seeing what works and what doesn't and what is simply worthless for your intuitive trading style. With that knowledge begin to focus on your strengths. Also record your emotions with the different styles. You might realize that you yourself become a great indicator.
The feature you describe does not make the BB worthless. It just means you have to use the indicator for something different than what you want to use it for. It's like complaining that a screwdriver is a worthless tool because it doesn't work on your nails, or that a fork is the worst culinary utensil ever invented because you can't consume your soup with it. The black square bishop does not help a chess player at all on the white squares, but that does not make it useless. Different tools offer different clues or edges, and you have find ways to make them work together, sometimes in ways the inventors or discoverers of the tools never imagined.