Hang Seng (HSI), Kospi 200 (K200) Trading Journal! (14 Year Old Trader)

Quote from julian0625:

I disagree that there is very little money in trading. With the prop firm I am partnered with, I have consistently made money 4 out of 5 trading days for the past two months. I have sat beside traders who have made $50 000 in one day HFT futures and stocks.

Nothing I do is a "waste of time". I trade because I love to, and there is significant financial freedom to be had.

I invest as well I might add. The bigger money is made in swing trading and position trading. I know that. However, at this point in time, I don't want to wake up the next day with a stock down 50% and tell my parents it wasn't my fault.

I am blessed to have parents that support me so much through the ups and downs of the stock market and trading.

Oh and btw. I am enjoying my childhood very much so.

I never regret anything I have put my heart and soul into. I do it for a reason.

LOL why would I want to be a lawyer or a doctor XD. There is way more regret in those jobs... worrying about patients, clients ect ect.

My father is a real estate agent, and there has been so much stress put up upon him because of him worrying about clients. The last thing I want to do is worry, and trading wise I don't worry because I know I am going to be successful.

All you naysayers are itchin for a fight :D lol jk
More...



You think there are more money and a better life to be had for doctors and lawyers rather than entrepreneurs??? Those are probably not bad jobs if one has the right customers but there are profitable alternatives for business minded people - often requiring less tedious academic studies.

Besides at 14, a young relatively successful trader has plenty of time to develop more elaborate investing skills and get the right connections - quite possibly through his present trading activities. Plus one needs a strong motivation to succeed in their endeavour, so it's probably safer to try and find an occupation in harmony with one's interests.
 
Julian here is why you will regret your decision.

By the time you become 22 and enter the real job market, every 'proper' employer who does not care about the fluctuations on the Dow Jones will think your some erradic kid. They are few skills in trading or rather I should say great that can be transferred to other jobs. If you seek a sport like Hockey, the teamwork, leadership traits are all transferable to the real world.

Julian, I have been in the trading biz at a very young age like yourself, and yes I too have sat across people who make X amount of money every day, but the biggest thing I regret is the time I wasted when I could of done more productive things.

By the time your 25, your going to want to kill yourself if your unsuccesul which chances are YOU WILL NOT BE SUCCESSFUL..

Odds are against you kid.

Money is not in trading, money is in portfolio management which is the CFA, MBA, route you should strive to be taking, and not the BS trading route.. Maybe show this message to your parents.. Your making a big mistake.. It's not too late to swtich.. I don't care that you love trading.. Trading = Gambling.. you should see gamblers annonymous.. you sound very erratic at 14.. can't wait till your 25 , your going to be very delusional.. quit while your ahead..

There are facts in life and it's about time to learn them.

1) None of your friends or employers will care that you can trade.
2) By the time you hit 20, you will have huge mountain of regret placed on yourself.
3) There is very little money in trading, I rarely see any job posting for trading careers. Your moving in a dead-end.
4) Answer my question: Why will you succeed in this biz, but not the other 99% of ppl?
5) Okay, you don' like doctor/lawyer, but your good with #s, so why not go into accounting, economics, statistics?

Then again, maybe you know more than me, being 14 and all.
Quote from julian0625:

I disagree that there is very little money in trading. With the prop firm I am partnered with, I have consistently made money 4 out of 5 trading days for the past two months. I have sat beside traders who have made $50 000 in one day HFT futures and stocks.

Nothing I do is a "waste of time". I trade because I love to, and there is significant financial freedom to be had.

I invest as well I might add. The bigger money is made in swing trading and position trading. I know that. However, at this point in time, I don't want to wake up the next day with a stock down 50% and tell my parents it wasn't my fault.

I am blessed to have parents that support me so much through the ups and downs of the stock market and trading.

Oh and btw. I am enjoying my childhood very much so.

I never regret anything I have put my heart and soul into. I do it for a reason.

LOL why would I want to be a lawyer or a doctor XD. There is way more regret in those jobs... worrying about patients, clients ect ect.

My father is a real estate agent, and there has been so much stress put up upon him because of him worrying about clients. The last thing I want to do is worry, and trading wise I don't worry because I know I am going to be successful.

All you naysayers are itchin for a fight :D lol jk
More...
 
I know I will get a lot of heat from you guys, so in-order to defend myself, do this exercise.

Multiple the amount of hours you devoted to trading, multiply it by 10, thats your opportunity cost.

Now take the amount of money you lost (or gained) and add it to your opportunity cost.

This is your net loss / net gain from trading.
now divide this by the amount of years your trading

this is your annual payout

if its not greater than 50k, then I am more succesful than you.
if in 2 years its not greater than 100k, than I am more succesful than you.

point proven..
most of you fail my test..
i am more well off not trading..

faggets.
goodby
 
Quote from exaltedangel09:

Julian here is why you will regret your decision.

By the time you become 22 and enter the real job market, every 'proper' employer who does not care about the fluctuations on the Dow Jones will think your some erradic kid. They are few skills in trading or rather I should say great that can be transferred to other jobs. If you seek a sport like Hockey, the teamwork, leadership traits are all transferable to the real world.

Julian, I have been in the trading biz at a very young age like yourself, and yes I too have sat across people who make X amount of money every day, but the biggest thing I regret is the time I wasted when I could of done more productive things.

By the time your 25, your going to want to kill yourself if your unsuccesul which chances are YOU WILL NOT BE SUCCESSFUL..

Odds are against you kid.

Money is not in trading, money is in portfolio management which is the CFA, MBA, route you should strive to be taking, and not the BS trading route.. Maybe show this message to your parents.. Your making a big mistake.. It's not too late to swtich.. I don't care that you love trading.. Trading = Gambling.. you should see gamblers annonymous.. you sound very erratic at 14.. can't wait till your 25 , your going to be very delusional.. quit while your ahead..

Then again, maybe you know more than me, being 14 and all.
More...

Look, I'm not going to argue.

I am going to do what I want in life and thats that. Thank you for your suggestion.

I am in a gifted program in school, so when the time comes around I'm going to get my degrees.

OH and btw the prop firm that I am with employs an 80% success rate in their scalping program, and the CEO (of whom I've met with) has contacts at Goldman etc. So getting a career after trading shouldn't be a problem.

Connections, connections, connections
 
I couldn't care less to be honest if you end up in Goldman or not.
Best of luck because your going to need it.
Just because you can add or substract as you say in your video, doesn't mean you will a) make good money, b) get a job at Goldman.

Oh I've talked to the CEO of CIBC, and he has contacts with Barack Obama.. this doesn't mean I will work for Barack Obama.. dumba$$.


Quote from julian0625:

Look, I'm not going to argue.

I am going to do what I want in life and thats that. Thank you for your suggestion.

I am in a gifted program in school, so when the time comes around I'm going to get my degrees..

OH and btw the prop firm that I am with employs an 80% success rate in their scalping program, and the CEO (of whom I've met with) has contacts at Goldman etc. So getting a career after trading shouldn't be a problem.

Connections, connections, connections
More...
 
BTW another thing. YOU DONT NEED TO PREDICT PRICE MOVEMENT TO MAKE MONEY.

There are MANY other ways to make money in the markets...

arb
HFT
spreads
options

I can make money in the markets with the right connections, without predicting a thing. It's all numbers.
 
Quote from exaltedangel09:

Oh I've talked to the CEO of CIBC, and he has contacts with Barack Obama.. this doesn't mean I will work for Barack Obama.. dumba$$. [/B]
More...


Well, it sure seems you got as frustrated with rethoric as with trading :D
 
Thanks, I was not aware of the strategies in the marketplace.
You have shed a lot of light in the field.
No you are right, making money is about connections, and starting young, and not about talent, raw hard work, and doing the right things (like playing Hockey at 14, and not gambling).

Take care.

Quote from julian0625:

BTW another thing. YOU DONT NEED TO PREDICT PRICE MOVEMENT TO MAKE MONEY.

There are MANY other ways to make money in the markets...

arb
HFT
spreads
options

I can make money in the markets with the right connections, without predicting a thing. It's all numbers.
More...
 
Quote from exaltedangel09:

I couldn't care less to be honest if you end up in Goldman or not.
Best of luck because your going to need it.
Just because you can add or substract as you say in your video, doesn't mean you will a) make good money, b) get a job at Goldman.

Oh I've talked to the CEO of CIBC, and he has contacts with Barack Obama.. this doesn't mean I will work for Barack Obama.. dumba$$.
More...

Many of his traders work for GS...

And, that was for TV! Trading is obviously more difficult than average math.
 
Quote from exaltedangel09:

Thanks, I was not aware of the strategies in the marketplace.
You have shed a lot of light in the field.
No you are right, making money is about connections, and starting young, and not about talent, raw hard work, and doing the right things (like playing Hockey at 14, and not gambling).

Take care.
More...

Yea pretty much. :D

You too.
 
You must log in or register to reply here.
Back
Top