if you have a holy grail, what would you do when you are too old to trade?

possibly you are not so good on their radar, or they are already secretly peeking into your trades.

 

I'm sure there are a lot of variables involved. My son has a trading account too but he's not allowed to take anything out! Age is def a factor. Teenaged is probably too old.

 

i met a great trader whose profit factor is around 5. he tried to pass his skills to his kids who are not interested either. maybe the kids do not object to free money if all the requirement for them is just one click on the robot.

 

you mean training the kid when he/she is five?

 

I started with allowance at 5. $6/week or something, which they both had to split up into savings (which overflows to investment account), charity and fun spending.

 

Just curious, you seemed to be a very successful trader and appeared to have an excellent system: https://www.elitetrader.com/et/threads/trading-is-easy.321831/

Questions for you:

1. What are you going to do? We know your son isn't interested, he is a championship gamer.

2. Would you expand on the above thread and reveal more?

 

don't have any goals yet, just enjoying hobbies lol.

there is no 'system'... we are in such a unique period with all the CBs massive print together... I have talked about catching 'super cycles' before.

e.g. the RE cycle in China, and many other places... caught a small piece by pure luck lol.

but the US equity market, I had a thread 'are we gonna run out of shares' almost 4 years ago when I went all in.. and right now we are in mid cycle and you can still jump in because AAPL is going to $1000.

the 'trading is easy' stuff is not that significant if you have identified the super cycle... right now 10 year is 1.9% and SPY is yielding 5.2%.... this gap has to close, so what are you gonna do.... where will SPY be if it yields 1.9% ?

for most people the biggest asset is himself... if he makes $50k/year that's a $1m bond yielding 5%.... get that salary to $100k you have just made the easiest $1m ever.. then get that to $200k you have just made another $2m... how easy.

so bottom line is get that earning stream way up there and throw every dollar into riding the super cycle... the fastest way to riches... trading is waste of time.

 

where did you get that spy is yielding 5.2%? from dec. 2018-dec.2019, the total dividend of spy is 5.2 dollars, divided that by 300/share of spy, 5.2/300=1.7%, slightly lower than interest rate.

 

Probably including cap gains

 

appreciation of spy stock price this year is larger than 25%.