Teaching A 5 Year Old How To Trade

So if I am a chirurgian, I can educate my son during 15 min every day and shows him how to dissicate animals? Or if I am a cop, I can educate my son during 15 min every day and shows him how to handle a gun?
Why some parents behave like children and children should behave like parents? Insane.
Let your children be children, and maybe there would be less psychos and sociopaths in this world.

CM

 

15 min per day is enough to teach a 5yr old an existing trade plan. Too much time per day at that age and they will get bored and retention will suffer. Start with just familiarization with the tools. Then move on to entry rules, one at a time with a few days practice for each rule. Then teach exit rules the same way.

Oh and yeah gun safety can be taught in small dosses as well. If you think a 5yr old could sit though a regular 8 hour gun course and have any meaningful retention, you are more clueless than your post.

 

You really want to teach your 5 years old son to learn gun safety???? NRA's craziness.
Thanks God, in the US, less and less people think like you.


CM

 

Things are far more complex then just teaching.
I wrote in another thread already about teaching children to trade.
Some of my experiences:

• My son is 22 and has a higher degree in computer science. He is not stupid, but also not a genius either, and thinks logically.
• He was as a child already fascinated by charts and calculations.
• Late 2015 I started a project with him. I first explained him the essentials about markets, trading, stress, confidence, strictly following the rules....
• Then I opened a new company for him and put money on a company account.
• I assisted him from opening till close of the market and gave him additional information depending on what was happening or what he did in reaction to what was happening.
• A few days ago he told me he wants to stop and work in a normal job. He has other priorities and interests then I have.

After this project I started to analyze everything that happened, and I came to some conclusions:

1. Many different factors will influence the evolution of the project.
2. It is not because I am interested in trading, that my son is too once the serious work starts. Each person is different so result can be different too.
3. I was dreaming (like most fathers do) of giving my son a high quality life, but did not see that my son did not see it like that.
4. Not everybody is suited to do what you do and what seems evident for you might not be it for others. But maybe you are not suited to do what they do either.
5. I can help at the start but finally the job has to be done by my son. I only gave him a better start by giving him knowledge he shouldn't find out himself (saving him a lot of time and misery) and by taking away the financial risks. So the settings were optimal for him, I had to go a much tougher road.

When you start you never know where it will end. I have a daughter who now wants to try too. She has a completely different personality, so we will see how this will go. But my optimism is tempered and my previous experience has put me back with two feet on the ground.
Interests and priorities in life are different for each person. Being successful means to achieve the highest quality of life for youself, and has many times nothing to do with becoming very rich.

 

Do you make a living building straw dogs or are you just trolling for fun? You know very well I never said I WANTED to do anything. I only said it was possible.

 

I hope you are asking just to provoke and are not serious... a 5 years old child should be playing with Lego not trading

 

Tell him it is just a game and he is hit the buy button when the green bars are going up and hit the sell button when the red bars are going down. Then turn him loose on your live account and he will make you a fortune.

 

Seriously? Why don't you teach him: baseball, tying shoes, how to shake a hand, how to respect his mom, how to treat others, clean his room...my fondest memories of my father consists of playing catch and family vacations. Btw, are you profitable? If so, use the $ to do something special with him and make a point to say that trading made it possible. He will associate your trading with fun and take an intrest. Until then, go outside and ride bikes

 

In my opinion, this is a very serious issue. It's great that parents want to see their child succeed in finance. But suddenly the child can have his calling to be a great artist or musician etc. Have you thought about this?

 

I don't think the guy was saying he was going to force his kid, against his will to be trader. My guess is the kid expressed interest. That said 15 min or so a day doesn't preclude other activities. In fact I would say doing multiple activities (trading, art, reading, games, sports, photography, etc.) 15-20 min per day each would be a great way to spend time with your kid and broaden their horizons. By providing experiences in multiple activities the child can better determine interests later in life based in his/her own experiences. A broader scope of experiences can only enhance that.

I have a daughter that I did this with. We have played soccer, softball, read, played video and board games, I taught her photography, woodworking, other arts and crafts, and much much more including options trading. We also enrolled her in dance and she has had creative writing classes. Now at 16 she has found of those she really loves photography the most and has won several first and second place awards at local 4H/Tri-Club shows. Now she wants to pursue that as a career is going to be an intern at a local photography studio this summer. She may have never found her passion for photography had I not invested the time to expose her to it when she was younger.