Teaching your children how to trade

marketsurfer said:
Teaching about money/economics/investing makes sense.

Teaching your kids how to daytrade is beyond moronic.


Lol, my 13 year old is earning 500- 1000 plus per month from playing minecraft and posting about it--- Likely more than many under capitalized day traders on a consistent basis.

Not to mention theres some cat on there name pew2pie or something bringing in millions as a teen
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My middle one is 12 and has 373K subs:

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dratsum said:
IAN is a daytrader. He's teaching his kids to daytrade. He's not a moron.

Ian has no vested interested in directing others toward studying the concepts you mentioned and away from daytrading. His income doesn't depend on steering others away from daytrading.

He's not an investment fund salesman who has said $35 million of the captial he's raised has come directly from his ET persona.



If you were able to tastefully fluff up your income generating ET persona by name dropping or whatever other method you prefer such as this snippet from today then I would simply put you on ignore and forget about you. But you're unable to do that without bad mounting daytraders in the same breath.

You want peace? You will have peace the moment you stop disparaging the TA bighog used to earn his living as a daytrader. If you stop I won't go forward with a plan to present evidence sufficient to convince Baron you must register as a vendor and pay to post.

Evidence supported by your own posts bragging about how the 2% aum fee is a dinosaur which leaves ...

*** ONLY *** the 10 to 20% fee on profits generated.

You've raised $100m.
Assuming 10% annual growth = $10m.
15% of $10m is $1.5m per year.

Do you want peace or do you want me to proceed to make this case? That you're bashing TA because you're a salesman who profits from bashing TA and at the v least you should have to pay a sponsor fee to post and even then it should be permissible to rip you every time you bash us and disrespect the memory of bighog.
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I was with Baron yesterday, why don't u try to "make the case" ??

Feel free to rip me everytime, i could care less--but my post was about teaching children to daytrade. I don't think its a smart move. My opinion.

What happened to Bighog?

Peace

surf
 
i am nobody said:
You have no clue what daytrading is and you were a loser as daytrader. So there is nothing you can teach your children. If my children achieve to daytrade like I do, they will earn in 1 year more than average Joe in his whole life. But if they only do it for the money it would be a wrong decision.


Yeah, Marketsurfer is a superstar in trading, his wife is a famous economy genius and even the children are genius. I wouldn't expect anything else from the smartest family in the world.
And as you were a loser as daytrader you project now your horrible performance on all other daytraders who, by definition, are losers too. You clearly have psychological problems with your daytrading experience.
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Actually, i don't think daytraders are losers--some of my best friends are day traders.

I do think its a brutally difficult way to make a living but with the right intellect, skill set, and raw talent it can be done.

I don't believe its something for children to be involved in.

surf
 
marketsurfer said:
Actually, i don't think daytraders are losers--some of my best friends are day traders.
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You are contradicting yourself constantly. Each time you see the words "TA" or "daytrader" you start to bash them and call them losers, idiots, morons.... That's the reality.

marketsurfer said:
I do think its a brutally difficult way to make a living but with the right intellect, skill set, and raw talent it can be done.
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You have no clue at all about the way I trade. So it is based on your pure imagination. If my children succeed they will be able to trade just 1 day for week and still make a 7 figure net income. They can, if it is important for them, go on holiday all year and only should need a computer, internet and a creditcard. The first two things to trade, the third to spent the money on the Bahamas, Seychelles or anywhere else they want to go. If they would invest the amount of money used for daytrading in longer term investments , even if they would beat the 80% returns of Gene simmons, they would generate less than 10% of the money they can make by daytrading. The only brutal things are the returns. But the big question is: do they want to and are they qualified to daytrade?

marketsurfer said:
I don't believe its something for children to be involved in.
surf
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They both are over 20, one has already a university degree, the second one almost (i hope). I teach them already a few years that adults should behave different from children. Over the years I gave them bit by bit more own responsabilities, something that most parents, especially mine, have problems with as they see their children always as children, even when they are over 30 years old. And as always, you have no clue how adult my children are.
My girlfriend has a university degree in psychology and is a mentor for me. She helps me to give my children the best possible education to prepare them for life in all aspects. So not just money or trading. We try to give them the best quality for life.
I am obsessed by this because my parents did not do this for me and I missed many good things in life because of a lousy education.
 
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I'll teach them in time. Why wouldn't I? Be like NOT giving them a free money ATM machine! Never have to worry about money as they'll be making more in a year than most dream about making in a lifetime.
 
Do any of you know of 'lakai' here? I know he used to post here years ago.
I remember him talking about teaching his kids to trade once in a chatroom.
He claims he makes over a million dollars per day trading support and resistance and chart patterns on the ES.
Anyone know if he's for real?
 
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