Hello VEGASDESERT,
I agree.
Investing and trading should be done, with more emphasis on investing.
Trading should be for getting rich only quickly, not for paying the bills.
Would you teach your kid Scalping?
- Thread starter ninZa.co
- Start date
I agree.
Investing and trading should be done, with more emphasis on investing.
Trading should be for getting rich only quickly, not for paying the bills.
I taught my son scalping when he was sixteen, he did it for two months, made 10k and said it wasn't fun, he went back to high school. I had been teaching him on and off for a year after school. I hear from his mom he scalps from time to time for extra bread, he also plays chess very well.
Smart kid
Would you mind sharing how you raised him?
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Under control... yes! It's like teaching your kid the hardest way for risk management !
IMO, there’s nothing wrong with scalping or day trading though they’re extremely difficult to learn. In fact, becoming a good trader is a life changing experience, like good risk management, patience, looking at the big picture, willing to take small losses (before they become big), sticking to rules and discipline, doing the right thing, cultivating a probability mindset, being flexible and creative, etc. etc.
After 10+ years I am a much better person with less $. LOL
After 10+ years I am a much better person with less $. LOL
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Scalping is a no no. I've done it and it feels dirty. It's not your idea, you have done no research and you simply are counting on other people's greed. It's a horrible way to invest and not a nice thing to do to other people.~si
As title... would you teach your kid Scalping?
If yes, what would you teach him?
- Using a secret indicator
- Good scalping method
- Or some efficient risk management?
If not...Please feel free to comment why below.
Hell no. Why on earth would you want your kid to devote their life to monotonous, mostly pointless work given all the better choices in life. And for most people, not profitable in any sustainable fashion.
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Scalping and investing are mutually-exclusive concepts.
And this coming from a guy who goes gabba gabba we accept you nutso on penny stocks and tells people to reap the gobstoppers! @vanzandt Why did you let him out of his cage? Get him back in there!
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Practical profit.
I would tell him, like Dave Ramsey says a lotto is stupid tax on people that can't do math.
I would teach the kid risk + reward+ if did not have time to rain dance or scalp, fine.
I did bowhunt with a 50% Indian so i would make sure he knew how to shoot a bow + gun safely........................................................................................................