Your question can't be answered properly because you're, apparently proudly, not sharing any details about how you daytrade. If you have a highly discretionary system it would be impossible to teach entirely, a mechanical one would not.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Teaching your children how to trade
- Thread starter i am nobody
- Start date
Your question can't be answered properly because you're, apparently proudly, not sharing any details about how you daytrade. If you have a highly discretionary system it would be impossible to teach entirely, a mechanical one would not.
I had the opposite problem to IAN. My father, in his 70s, saw me making a living from trading, and one day when I visited my parent's home he suddenly had a multi monitor setup and was day trading. I never sell the idea of trading to others because I know how difficult it is...I guess he figured it must be easy, after all, if the child (in his 30s) can do it...
It was a nightmare situation for me. On the one hand, I didn't want to be negative and discouraging. I was the most competent trader he knew so I especially don't want to be the person to say "it can't be done". At the same time, I wasn't in any way comfortable. If my parents ended up homeless one day, would I be the one that the family blamed for "introducing" my father to day trading? The backdrop for this situation is that my parents were really struggling financially after the failure of the family business of many years, forced sale of family home, poor health to both parents as a result of stress, etc.
I could go into a lot of details but this is perhaps getting off topic.
Fortunately, after buying a couple of off the shelf trading "systems", and spending three or four years of part time unprofitable trading my father gave up one day. He never did take me up on my offer to sit with me for a week and watch me trade. Just the same as he didn't like it when I hit the golf ball further than him.
Family can really screw you over, consciously or subconsiously, and dealing with related issues probably held me back for a few years. Don't lend money to family and expect to get it back when you need it. Now I'm in the "fortunate" position that my wife and I can't have children. It's disappointing for the wife, but a big part of me is not too upset with the situation. I might not even like my own child. The big elephant in the room...
It was a nightmare situation for me. On the one hand, I didn't want to be negative and discouraging. I was the most competent trader he knew so I especially don't want to be the person to say "it can't be done". At the same time, I wasn't in any way comfortable. If my parents ended up homeless one day, would I be the one that the family blamed for "introducing" my father to day trading? The backdrop for this situation is that my parents were really struggling financially after the failure of the family business of many years, forced sale of family home, poor health to both parents as a result of stress, etc.
I could go into a lot of details but this is perhaps getting off topic.
Fortunately, after buying a couple of off the shelf trading "systems", and spending three or four years of part time unprofitable trading my father gave up one day. He never did take me up on my offer to sit with me for a week and watch me trade. Just the same as he didn't like it when I hit the golf ball further than him.
Family can really screw you over, consciously or subconsiously, and dealing with related issues probably held me back for a few years. Don't lend money to family and expect to get it back when you need it. Now I'm in the "fortunate" position that my wife and I can't have children. It's disappointing for the wife, but a big part of me is not too upset with the situation. I might not even like my own child. The big elephant in the room...
No, i asked already professionals to help me. It appears to be very difficult. The biggest part is automated but human intervention is still necessary. That's why they will need to work 8 hours a day for months to understand and master the human part.Can't you just automate the system and give them the code?
His instagram looks like that of a multi-millionnaire, but I guess it could all be fake, or maybe it's real but his money doesn't come from trading? There was a thread on bigmike's once, questioning whether his statements etc were actually from a live account and not a demo.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?
He used to run the tradeitdontdateit chatroom. However, his calls often seemed to be in hindsight (''I went short there on the ES, 5 minutes ago, currently making 4 points, so 350K'') etc, so I lost interest and stopped going there.
As with every trader online, 'Who knows what's really real!! lol
The surfer persona on this forum has enabled me to gain great traction in this biz
I have raised nearly $100 million for a variety of funds and projects via what i suggest. Im far from wealthy but do ok in this business and am able to do what i want whenever i want. Over 35% of this has come from elite trader contacts
$1.5m per year?Most new funds are 0/10-20. The management fee is a dinosaur.
You are a salesman using the forum to increase your sales.
I'm sincerely happy for your success, but the problem is your hostility toward traders.
You calling IAN a moron and bashing TA. It rarely stops. It's inappropriate in my mind because you're a vendor and it's associated with what you describe as your effort to "gain great traction in this biz".
I am not proud, I am smart enough not to disclose anything. That is a huge difference.you're, apparently proudly, not sharing any details about how you daytrade.
Trying to provoke me in the hope that I will show I am right by disclosing parts will not work. It was already tried before.
Feel free to rip me everytime, i could care less
The problem is I care about lots of things and at least for me this I don't care attitude of yours is 'directly' associated with your attempts to "gain great traction in this biz".
As exhibited in the quote below. I'm not making this stuff up. You making money bashing TA isn't comedy. It's unethical. I can't imagine Baron tolerating it from a sponsor. I recommend you start paying to participate (in order to continue getting paid for posting) and that you not be permitted to bash traders and TA.
I really don't care. The surfer persona on this forum has enabled me to gain great traction in this biz
Last edited:
$1.5m per year?
You are a salesman using the forum to increase your sales.
I'm sincerely happy for your success, but the problem is your hostility toward traders.
You calling IAN a moron and bashing TA. It rarely stops. It's inappropriate in my mind because you're a vendor and it's associated with what you describe as your effort to "gain great traction in this biz".
Who or what is IAN? Yeah, I bash TA because its a joke for the most part when used alone and it's used to destroy traders accounts on behalf of those who gain from your losses-- what don't you get? My goal is to get folks to think straight about the markets, not be lemmings.
Most winners in the market think similar to me, as they are my mentors--- do you think i just make this stuff up>?
surf
The problem is I care about lots of things and at least for me this I don't care attitude of yours is 'directly' associated with your attempts to "gain great traction in this biz".
As exhibited in the quote below. I'm not making this stuff up. You making money bashing TA isn't comedy. It's unethical. I can't imagine Baron tolerating it from a sponsor. I recommend you start paying to participate instead of getting paid to post. And that you not be permitted to bash to traders and TA.
Unethical? It's unethical to sell an empty dream of TA being the cure all
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.
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?
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.
I don't consider 20-year-olds children by any stretch--- nothing wrong with teaching adults your skill set.te
Sounds like you have a good thing going--- keep it going----
However, provided the potentially addicting nature of the game, among other reasons, teaching young children is not wise in my opinion-- ask your psych GF, i bet she agrees with me.
surf
Last edited:
The problem is I care about lots of things and at least for me this I don't care attitude of yours is 'directly' associated with your attempts to "gain great traction in this biz".
As exhibited in the quote below. I'm not making this stuff up. You making money bashing TA isn't comedy. It's unethical. I can't imagine Baron tolerating it from a sponsor. I recommend you start paying to participate (in order to continue getting paid for posting) and that you not be permitted to bash traders and TA.
Unethical? I don't believe in TA and price action having an edge as it is propagated by those with alternative motives or self-aggrandization reasons.
Heck, the most verbal proponent of price action on this site was outed as a stealth vendor who sells $5.00 ebooks under an alias to Noobs via private messages----
Why you equate TA with trading only shows your lack of knowledge-- so keep it up, you are doing my job for me
surf