My son is currently 11 and he seems intrigued by watching me sit in the basement all day trading. If he wished to pursue this field, I would teach him my various trading systems, bulk of which are short term in nature. But I think the challenge with imparting your methods to any sort of apprentice is teaching them what to do when things go wrong. When is a drawdown too big? When do you shut something off or back on? When to change parameters? How to generate new ideas? Those are the things that need to be discovered through hard experience and cannot be spoon fed.
This is a great reminder. Only people who have traded and built a trading system long enough can understand this. It's similar methodology/belief that I learned from a stock proprietary trader for >20 years that retired few years back. Classic of learn from the master and modify it to suit you. He is very lucky though that he got a mentor and the mentor is his father. A mentor may hold back something, but a father will not hold back anything.
Options! There is a misconception that options are complex. I mean you dont need to go into Black-Sholes calculations in detail or greeks calculations in detail unless you are doing some esoteric Destriero stuff. Just the basics of greeks will be enough as basis. Options offer capital efficiency among other things.
Yeah. Being a value investor means you become good at determining the viability of a business and being able to discount cashflows. I would want my kids to skew towards owning private enterprises as thats where they can maximize their wealth and have meaning in their careers.
I think you need to understand how greeks will cause your options to move in price and how the greeks themselves move as you travel through price and time. If you get an intuitive understanding of this, you can find discretionary opportunities in vol.