Teaching your children how to trade

Discussion in 'Educational Resources' started by i am nobody, Oct 24, 2015.

  1. Why I ask? to understand the psychology of happiness of people. Since trading, I am really into psychology!!!! You know what , for you, a happy
    life means, so

    What is preventing you from doing each year :
    * Greece for 2 weeks instead of a week, more than during your 3 favorite years?
    * Canada for few weeks and relax ( free of charge at his pool) , more than during your favorite years?
    * Cayman Island for one month, instead of few weeks, more than during your favorite years??

    * Have you considered working in the nightlife party circuit?
    As an example, some people's job is to get paid to party!!!!



    * watch tv and videogaming : why does it bring you happiness?
     
    #41     Oct 24, 2015
  2.  
    #42     Oct 24, 2015
  3. You have the chance to know what makes you happy: why not make your life around your
    notion of happiness?

    I was more actually thinking of touring agent for those who seek the nighlife experience.
    Some hilday tour agents I have seen, seemed to enjoy the trip and parties more than the visitors.
     
    #43     Oct 24, 2015
  4. Q3D

    Q3D

    Ironically, considering you are the OP, you utterly failed to appreciate the point I was making. Price action/DOM/intuitive day traders can conceivably pass their wisdom on to future generations and encourage proper trading practices by sharing intimate firsthand guidance and heuristics which are not offered by PA educators despite their glamorous marketing attempts.

    Pattern recognition and analytic skills are FAR less important than their rule-following behaviors, as you hint at in your previous posts, surely this can be communicated and passed on to even less gifted progeny?
     
    #44     Oct 24, 2015
  5. And how did you end up here????? :eek:
    Or was it wishful thinking that you would make a few millions as trader and then continue your real life ? :confused:
     
    #45     Oct 24, 2015
  6. Not sure what you mean?
    But I started a small business when I was younger. Gave me lots of free time with enough money to be able to just about survive and I became interested in trading through a relative, so i've been trying to learn to trade ever since.
    (and no. Certainly never dreamed about making millions from trading!! lol)
     
    #46     Oct 24, 2015
  7. Handle123

    Handle123

    LOL, really? This is much harder than being a brain surgeon, there are rules and examples of what the normal and abnormal brain should look like, memorize all of them and be able to do so and yet I have met thirty year losers in trading and they will never get it.

    I have a stepson who has ADHD, I taught him day trading when he was 15yo and he did well but after couple months didn't like it and quit, he didn't know it but I kept trading that account through the years. He is one of the smartest people I know in terms of IQ but dumber than sack of rocks when it comes to life. I can't teach people life, you can offer direction but you can't force people to "mold" them into anything they don't want to do.

    Son now 37yo and getting married next year, he is going to get his account back before he gets married so he can buy house of his dreams, I will be at his side when looking for houses and get deal done. It funny, week ago he asked me if he could learn now as he has reasons to make a better life.

    What is high emotional intelligence? Two opposite values.

    What happens if you die early and they are 30yo? You think you have prepared them for becoming broke? Teaching them "fun", they will rip through all the money you left them.

    I am happiest when I work, but then I have businesses I started and don't see it as work at all, perhaps a way to interact with people, cause that is very limited in trading. I love my life and have fought to keep going, I don't see failures as losing, they are opportunities to do something a different way.

    Have a fun weekend all.
     
    #47     Oct 24, 2015
    i am nobody likes this.
  8. And you missed mine.
    I started this thread from my point of view and my way of trading. You have no clue how I trade so you don't know what is needed to trade like me.

    What you tell can work for your trading, but is no general rule. Mine isn't either.
    Some systems can be very simple, other can bevery complex. That defines the required qualifications.
    To me analytical skills are the most important part. The problem is finding non random behavior in the market. For that you have to analyze. Without analyzing you cannot solve the problem. A good analysis is the basis of all the rest.
     
    #48     Oct 24, 2015
    dartmus likes this.
  9. I was just curious as your profile does not seem to be the usual traders profile. :)

    But if you enjoy life, the rest doesn't matter.
     
    #49     Oct 24, 2015
  10. I see.
    No, I guess you're correct. I think most traders here on elitetrader are MUCH more intelligent than me and come from professional backgrounds and have good degrees etc etc. That's probably why I'm still searching for success after so long and everyone else here seems rather successful in their trading!
    I'm good at getting over the daily frustration of trading, though, as I can have fun where I find it and am easily pleased in general! :)
    Even 'happy' where others here would surely see no reason to be!! lol
    (especailly considering my health concerns at such a young age)
     
    #50     Oct 24, 2015