i have been away from my daughter for quite some time due to family issues and has been increasingly seeing her last years. She is 5 years now and has been mostly with her mothers. Mother has taught what most moms will do or at least makes sense to do: she is already reading, writing at 5, I have softly argued it is too early. She also attends ballets and piano class.
I wanna start teaching her money savviness and eventually becoming expert at option trading much earlier than my age. I am not sure where I do start? Traditional schools are not going to teach it for sure therefore I expect to be a primary guide in regards to that. Obviously it is stupid to start teaching options techniques right away when she is 5 but start conditioning her into investing and trading savviness. I was thinking to introduce into her life something that will spark her interest such that it will eventually evolve into trading/options but start wondering what would be a good start be. Any toys? Books?
Thanks!
A significant number of world class chess players and musicians started learning about their future careers as young as three or four years of age.
The young mind can see patterns very well, learns quickly, and can retain a lot of what they learn for a lifetime. Proper use of options can help with money management and possibly can give one a statistical edge. However, knowing how to actively trade well is key in maximizing one’s overall performance.
I believe if you set your daughter up on a trading simulator and rewarding her as certain milestones are reached she will become proficient fairly quickly. She will probably become proficient at trading much quicker than most adults who eventually became successful because her young mind processes information so much quicker and more readily makes connections to things that many adult don’t. Quality information for her learning goes a long way with this.
There are several challenges to be overcome: Your daughter will not likely to have the attention span/patience for many trading stategies. Her mind is very quick at this age and probably is looking for lots of stimulation. If this idea is valid in this case, then it follows scalping on a very short time frame, perhaps her reading order flow might be the most effective training for her at this point of her life.
As your daughter becomes more proficient at math, reading, and critical thinking, she will have likely developed patience and will be able to focus her attention longer. As far as critical thinking is concerned, there are games and puzzles that can help her with this. Perhaps Chess or Go might be one of those games.
Another key element is not to push your daughter into this too hard. If she gets bored or frustrated, let her do something else. If you try to force her to learn when she is not enjoying it, she will likely end up hating it and will not learn effectively.
It is great you are focused on actively teaching your daughter. Consider creating a trading/play life balance, as your daughter’s playtime with peers will help her develope her social skills as well. I had a friend who’s daughter had a difficult childhood and adolescence because she could not understand why people seemed to be rejecting her. It was because her peers saw her as different with her use of language and interests. This is something to be aware of and addressed properly if this issue comes up as your daughter gets older.
Best wishes to you and your daughter.
