Options trend following momentum
What style of trading would you teach your son?
- Thread starter David's faith
- Start date
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IBD books, read + study. Dave Ramsey books.
Teach them a brief history of US money;
copper coins, silver, gold, steel cents , gold blends , nickle, metal blends,
pennies ,half pennies, copper pennies the size of half dollars,
buckskins[aka ''bucks'' ], beaver skins, beads ,tobacco,
Fed reserve notes, $1 silver certs, $5 silver certs,
ETFs.
Basic business, small business;
metals dealer buys iron for $8@ ton. Sells a $20, 10 inch used iron skillet for $5.
Old newspaper listed some real estate sold for '' a certain number of buckskins''
Definitely not scalping!
I do not want him to experience all the stress his mother had
I do not want him to experience all the stress his mother had
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Definitely NOT daytrading only, make sure to include swings, position, investing with trading.
Make sure to trade some Federal Reserve notes for most anything including food, guns, ammo ETFs, metals copper nickle, metal blends + RE,vice versa.
Like the Dallas TX Fed heads said ''monetary policy is like shooting ducks , have to get out in front of them'' LOL so true. So teach them how to shoot ducks, doves, deer , targets safely........................................................................................................
May also teach what the metals dealer warned about;
using ONLY Federal Reserve notes is like going to WMT buying coffee, then giving the coffee to cashier @ WMT + exit with coffee label'' LoL so true
Definitely NOT daytrading only, make sure to include swings, position, investing with trading.
Make sure to trade some Federal Reserve notes for most anything including food, guns, ammo ETFs, metals copper nickle, metal blends + RE,vice versa.
Like the Dallas TX Fed heads said ''monetary policy is like shooting ducks , have to get out in front of them'' LOL so true. So teach them how to shoot ducks, doves, deer , targets safely........................................................................................................
May also teach what the metals dealer warned about;
using ONLY Federal Reserve notes is like going to WMT buying coffee, then giving the coffee to cashier @ WMT + exit with coffee label'' LoL so true
I'm not really sure it's wise to teach your children how to trade xD I mean, from the rational perspective, it's better to let your children to choose what they want to be busy with in their lives.
However, if there'd be a situation when I will be required to explain fundamental of trading to my son, then I probably will teach him positional trading. It'll be useful enough for him to find out about basics of trading.
However, if there'd be a situation when I will be required to explain fundamental of trading to my son, then I probably will teach him positional trading. It'll be useful enough for him to find out about basics of trading.
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Sounds like you are right;
I would teach them or a friend to trade or invest anyway@ least with a Dave Ramsey books.
BUT I'm using trade-invest in a very broadbrush way. Teach those kids to give 10% +; start more early than our hero Bill gates.
And make sure to love them in some of the same ways my parents loved me;
limit screen time, max read books , read Proverbs. Learn + use manners, especially in business
Teach them a super French -english play on words;
merci.
If i had time/ teach them German word for English supermarket[supermrkt]
I think the discounting cashflow part is easier said than done. And I'm not referring to the time value of money part of it, but rather the estimation of future cashflows. A bit too crystal ball for me for most businesses.
How to Smell a Rat:
https://www.kenfisher.com/books/smell-a-rat
Memoirs of Extraordinary Popular Delusions and the Madness of Crowds
https://www.gutenberg.org/files/24518/24518-h/24518-h.htm
Then value investing.
1) It's like learning auto mechanics. They don't need to know everything there is to know, but knowing nothing is just begging to be ripped off.
2) Children don't know what they need to know. I used to sometimes be annoyed helping my dad out working on the family car. I wanted to go have fun. As an adult, you can bet I'm glad that I actually learned something.
https://www.kenfisher.com/books/smell-a-rat
Memoirs of Extraordinary Popular Delusions and the Madness of Crowds
https://www.gutenberg.org/files/24518/24518-h/24518-h.htm
Then value investing.
1) It's like learning auto mechanics. They don't need to know everything there is to know, but knowing nothing is just begging to be ripped off.
2) Children don't know what they need to know. I used to sometimes be annoyed helping my dad out working on the family car. I wanted to go have fun. As an adult, you can bet I'm glad that I actually learned something.
I'm likely to educate him to use more than one trading technique and style, and my desire is to teach him about swing trading.
Yeah. Exactly. Anyone can do the math. But to create the stream is a proper skill that’s applicable to all forms of investing.