I was with Baron yesterday, why don't u try to "make the case" ?? Feel free to rip me everytime, i could care less--but my post was about teaching children to daytrade. I don't think its a smart move. My opinion. What happened to Bighog? Peace surf
Actually, i don't think daytraders are losers--some of my best friends are day traders. I do think its a brutally difficult way to make a living but with the right intellect, skill set, and raw talent it can be done. I don't believe its something for children to be involved in. surf
You are contradicting yourself constantly. Each time you see the words "TA" or "daytrader" you start to bash them and call them losers, idiots, morons.... That's the reality. You have no clue at all about the way I trade. So it is based on your pure imagination. If my children succeed they will be able to trade just 1 day for week and still make a 7 figure net income. They can, if it is important for them, go on holiday all year and only should need a computer, internet and a creditcard. The first two things to trade, the third to spent the money on the Bahamas, Seychelles or anywhere else they want to go. If they would invest the amount of money used for daytrading in longer term investments , even if they would beat the 80% returns of Gene simmons, they would generate less than 10% of the money they can make by daytrading. The only brutal things are the returns. But the big question is: do they want to and are they qualified to daytrade? They both are over 20, one has already a university degree, the second one almost (i hope). I teach them already a few years that adults should behave different from children. Over the years I gave them bit by bit more own responsabilities, something that most parents, especially mine, have problems with as they see their children always as children, even when they are over 30 years old. And as always, you have no clue how adult my children are. My girlfriend has a university degree in psychology and is a mentor for me. She helps me to give my children the best possible education to prepare them for life in all aspects. So not just money or trading. We try to give them the best quality for life. I am obsessed by this because my parents did not do this for me and I missed many good things in life because of a lousy education.
I'll teach them in time. Why wouldn't I? Be like NOT giving them a free money ATM machine! Never have to worry about money as they'll be making more in a year than most dream about making in a lifetime.
Do any of you know of 'lakai' here? I know he used to post here years ago. I remember him talking about teaching his kids to trade once in a chatroom. He claims he makes over a million dollars per day trading support and resistance and chart patterns on the ES. Anyone know if he's for real?