Teaching A 5 Year Old How To Trade

[BonScott]

Ok, np - I would stick to ES for now - average range around the 10 points, so we could see some extra volatility very quickly if we get one real bad news story - but, main thing is do what is working for you, and forget everyone else.

I done a little bit of research when someone posted in other thread bout what was driving SP500 up - was actually surprised to see that the biggest holding in US equities is the "households" - in fact, they have been piling money into stocks, so could be sign of what is coming down the road - but, only time will tell, as US elections still have bit to go.

I used never look at fundamentals, but am now seeing that ignoring them is ridiculous, even for short term trading.

Anyway, remember this little tree sign - will help you greatly when trading eminis

ES xxx DT & DB

NQ xx DT & DB

J_S

Thanks for the reply, I was very busy day with work yesterday.

Households piling into stocks doesn't sound good. There's no interest available on bank accounts these days, so people will look for it elsewhere.

I haven't looked at fundamentals, but I always have the news releases marked, because I don't want to be caught in a trade when a big one is released.

I'll take a look at the DTs and DBs. Currently just making with trend trades. All of my back testing is done manually from the charts, so takes a while to look at new ideas.

If I can get my current simple system up to full speed, I will have more free time to look at improvements and try out other ideas.

 

[Alpha Trader]

I bet he is one intelligent smart kid and a whiz at math.

He's smart, but I wouldn't call him a genius and he's definitely not a genius at math.

I must congratulate you for being able to expose your kid to this knowledge

Thank you @Harry Butcher I'm just trying to be the best parent I can. With such diverse activities , technological advancements and "kids" becoming independent at such a young age AND with no "perfect parent" manual in print, I can only hope that my actions will be those that will benefit and be the best for him.

With this pace he will definitely be a great trader.

I hope that will be the case. However, there are many variables; some that will be brought up from his side, some from mine and some externally and those variable can throw a huge spanner in the works .

Also, when it comes to trading, there is a "certain" kind that you need to make it. One can have the best mentor, tools etc, but if one keeps fighting with him/herself, then the hope of success drops drastically. It requires a certain eye and I'm quite intrigued to see how woking with a child will be different (as I've worked with adults before - and before anyone asks, I'm not a "mentor" or selling anything).

His brains are developing and is a good time to bind information well.

My only advice is not to turn bumptious wanting him to learn it all ,let him grow at his own pace and remember he would need his kiddy playful memories when he grows.

The first few posts address this: https://www.elitetrader.com/et/threads/teaching-a-5-year-old-how-to-trade.299555/page-6

 

[RRY16]

Great, your teaching your 5 year old to trade, you recieved some feedback and advice... Bravo! I'm sure you're going to give us updates throughout his adolescent years, I think you've accomplished what you set out to do.. End this nauseating thread.

 

[J_Smith]

Thanks for the reply, I was very busy day with work yesterday.

Households piling into stocks doesn't sound good. There's no interest available on bank accounts these days, so people will look for it elsewhere.

I haven't looked at fundamentals, but I always have the news releases marked, because I don't want to be caught in a trade when a big one is released.

I'll take a look at the DTs and DBs. Currently just making with trend trades. All of my back testing is done manually from the charts, so takes a while to look at new ideas.

If I can get my current simple system up to full speed, I will have more free time to look at improvements and try out other ideas.

Kinda in the wrong thread - we best find a different one.

J_S

 

[J_Smith]

Great, your teaching your 5 year old to trade, you recieved some feedback and advice... Bravo! I'm sure you're going to give us updates throughout his adolescent years, I think you've accomplished what you set out to do.. End this nauseating thread.

No one is asking you for your dumb replies - you don't have to post here you know

J_S

 

[J_Smith]

He's smart, but I wouldn't call him a genius and he's definitely not a genius at math.




Thank you @Harry Butcher I'm just trying to be the best parent I can. With such diverse activities , technological advancements and "kids" becoming independent at such a young age AND with no "perfect parent" manual in print, I can only hope that my actions will be those that will benefit and be the best for him.



I hope that will be the case. However, there are many variables; some that will be brought up from his side, some from mine and some externally and those variable can throw a huge spanner in the works .

Also, when it comes to trading, there is a "certain" kind that you need to make it. One can have the best mentor, tools etc, but if one keeps fighting with him/herself, then the hope of success drops drastically. It requires a certain eye and I'm quite intrigued to see how woking with a child will be different (as I've worked with adults before - and before anyone asks, I'm not a "mentor" or selling anything).







The first few posts address this: https://www.elitetrader.com/et/threads/teaching-a-5-year-old-how-to-trade.299555/page-6

Don't forget, that when he loses (papertrading of course), take the money out of his pocket money, or bank a/c, and hide it from him for later.

He has to learn about losing - forget about winning for now - plenty of time for that!

J_D

 

[RRY16]

Kinda in the wrong thread - we best find a different one.

J_S

Print
trading stress and Erectile Dysfunction
Discussion in 'Psychology' started by marketdecoder, Today at 3:05 AM.

This might be more to your liking Piker Smythe!

 

[J_Smith]

Print
trading stress and Erectile Dysfunction
Discussion in 'Psychology' started by marketdecoder, Today at 3:05 AM.

This might be more to your liking Piker Smythe!

I told you before, you Gobshite - you should change the first letter to "C"

You are the biggest "CRY" baby I have come across in a good while

J_S

 

[RRY16]

I told you before, you Gobshite - you should change the first letter to "C"

You are the biggest "CRY" baby I have come across in a good while

J_S

I will if you quit acting like an Irishman...and lose the Gobshite, it's older then the piece of corn beef stuck in your shorts.

 

[J_Smith]

I will if you quit acting like an Irishman...and lose the Gobshite, it's older then the piece of corn beef stuck in your shorts.

J_S