What style of trading would you teach your son?

I would be thankful if you could answer my question: do skilled traders advise me on swing trading?

 

More than one style is good, adapt style to the situation even better. I read many times about swing trading, it is not really a trading style I wouldnt teach him any of that. Its like fighting the war you seem to have lost. Better be part of the crew that were on the train, understanding the party, and keep the leftovers for the dogs

 

I prefer to say reversal trading. When some event changed the game things might turn. Understanding the impact of events is best to learn. Please learn him to have short very leveraged trading style. You dont have to sit there all day long eather. There are so many other beautiful things to do wih your life you see..

One last add, maybe the event didnt change the game after all. Its safe to stay on board in that case. I hope you understand!

I like swingers though

 

Right. But forecasting a cashflow stream years and years into the future to arrive at a present valuation for the company seems unrealistic, especially, but not only, for an outsider (a non-insider). With the possible exception of utilities under the best of circumstances, it has a don't-try-this-at-home feel to it. At least for me.

And it once again reminds me of the definition of a calculator: an instrument that allows you to take two seat-of-the-pants estimates, multiply them, and get accuracy to the 8th decimal place.

 

I would advice my child to go study the thread most watched by people at some forum. What ye think mate?

 

my child will be richer than yours.

 

Basic financial lesson goes like this:

 

This passes as an almost interesting question.-

I happen to be going through this process right now-

I can only tell you from what I have noticed.

These kids like charts. They don't understand them except left to right is good.

I gave him along lesson on value and dividend paying stks for that is what i wanted him to learn.

He was like yea but Dad look at this SOFI.

So I think names of companies that they know is always the best way to get started.. what type
of energy drink to you like what headphones and keyboards are your friends using. CELH, AMD, NVDA, might come up, Apple of course. What food do they like? etc.

I would merge basic Peter Lynch thinking <-- you have to grab their interest and then teach
TA.

My boy is 19 not quite ready for real TA but he knows when a stock is going up... and that's half the battle. ~stoney

 

I would advise him to examine the strategies and select one for himself.

 

Very Interesting thread and meaningful to me as I am considering how to advise my granddaughters with a fairly simple strategy that can last a lifetime. First I am considering setting them both up with a PDT account and tell them to day-trade it to death. Rules are they can only trade 1 share of SPY and try to make $1.00 per day.

They will of course fail miserably but will not lose a lot of money. They will learn first hand how difficult day trading is and how easy it is to lose. I want them to never be tempted to enter that game again. Yes it can be done but the learning curve is long and expensive.

Next I plan to give them a monthly investment allowance and use half of it to buy dividend stocks and other income producing investments like Efts that do a covered call program reits, etc. There are a couple of good investement services out there that make recommendations in these areas.

Next, I will put the other half into QQQ but rebalance to skim off profits from QQQ into the income half when the Qs skyrocket. Rebalance rules to be determined.

This plan should help them hold up in bear markets when the Qs take a hit.