Teaching A 5 Year Old How To Trade

Is it too early to teach a 5 year old how to trade/read charts?

  • Yes

    Votes: 22 57.9%

  • No

    Votes: 14 36.8%

  • Depends (Please elaborate via posting)

    Votes: 2 5.3%
  • Total voters
    38
Alpha Trader said:
I am planning to start teaching my son, who is now 5, how to trade. I am a pure price action trader trading intraday mainly.

So far, the only trading knowledge and exposure my son has is the following:

- what bulls and bears are (green/red candles, ppl who buy/sell etc)
- direction and price movement that bulls and bears produce
- a little play with fibonaccis, trend line drawing, pitchforks etc. He does not have much of an understanding of these tools, besides trend line drawing. He knows how to connect the swing highs/lows, draw channels, wedges and triangles.

I have previously helped a couple of people with their trading, but they have been adults in their 30s/40s. My question is how should I go about teaching/exposing a 5 year old to trading (more like chart reading)?. Should I do it like I did previously?. The only issue I have is that he may not understand some of the concepts. In this case, should I persist, or is there a better way to teach non-adults.

Your advice and insight is much appreciated. Thanks in advance.
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Mr Alpha T+ son;
Sounds like a wise idea; i just ''traded a Little Engine That Could, video'' To a library for 7th Pres Andrew Jackson Book... See son ,we sell, like when the train[price] starts+/ gong down-hill .=============================================================================================================
50 days moving average..... should help define ''hills + valleys''

Tell him its fun[trading-investing is NOT gambling] no matter which way the train-[price moves]!! One share starting size sounds fine; i dont think i would fibo, or make him draw trend lines, but trend lines like auto drawn 50dma should help.5 year old girls read ; dont worry if he can, or cant read words much yet. I was reading words @ 7 ; but pictures long before..... AS soon as he is profitable /obeys orders, maybe you can ramp up size + give him some profit sharing. Let us know how this turn out for the better, Alpha T.
 
If it were me I would focus more on the hard rules of your strategy than on the why at that age. Kids understand rules like no desert before dinner and 2+2=4. They don't understand the why of the rules and they don't really need to.

So I would just teach him that you buy when this happens and sell when that happens. All of the complex why details can come later.
 
felixbocharov said:
Those who voted no most probably don't have kids, or never read literature about upbringing them.
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I have 3 kids and voted no. If a kid believes in Santa Claus, it's too early to start teaching them trading, unless they absolutely want to. However, I would seriously worry if my 5 year old would rather trade than play with friends.
 
Alpha Trader said:
I am planning to start teaching my son, who is now 5, how to trade. I am a pure price action trader trading intraday mainly.

So far, the only trading knowledge and exposure my son has is the following:

- what bulls and bears are (green/red candles, ppl who buy/sell etc)
- direction and price movement that bulls and bears produce
- a little play with fibonaccis, trend line drawing, pitchforks etc. He does not have much of an understanding of these tools, besides trend line drawing. He knows how to connect the swing highs/lows, draw channels, wedges and triangles.

I have previously helped a couple of people with their trading, but they have been adults in their 30s/40s. My question is how should I go about teaching/exposing a 5 year old to trading (more like chart reading)?. Should I do it like I did previously?. The only issue I have is that he may not understand some of the concepts. In this case, should I persist, or is there a better way to teach non-adults.

Your advice and insight is much appreciated. Thanks in advance.
More...
It is too late.
3 years old is the best age to learn price action. Everybody knows. Not you ?

CM
 
clacy said:
I have 3 kids and voted no. If a kid believes in Santa Claus, it's too early to start teaching them trading, unless they absolutely want to. However, I would seriously worry if my 5 year old would rather trade than play with friends.
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So I guess in this case you should have voted "yes".
 
Alpha Trader said:
I am planning to start teaching my son, who is now 5, how to trade. I am a pure price action trader trading intraday mainly.

So far, the only trading knowledge and exposure my son has is the following:

- what bulls and bears are (green/red candles, ppl who buy/sell etc)
- direction and price movement that bulls and bears produce
- a little play with fibonaccis, trend line drawing, pitchforks etc. He does not have much of an understanding of these tools, besides trend line drawing. He knows how to connect the swing highs/lows, draw channels, wedges and triangles.

I have previously helped a couple of people with their trading, but they have been adults in their 30s/40s. My question is how should I go about teaching/exposing a 5 year old to trading (more like chart reading)?. Should I do it like I did previously?. The only issue I have is that he may not understand some of the concepts. In this case, should I persist, or is there a better way to teach non-adults.

Your advice and insight is much appreciated. Thanks in advance.
More...
Do you really want to deprive your child of a fun childhood?
 
Jamie J. said:
Do you really want to deprive your child of a fun childhood?
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So if he spends 15/min a day or so educating him, that is going to totally deprive him of fun in his childhood? Maybe he shouldn't go to school then because that will deprive him of fun in the name of education for a LOT longer.
 
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