Two weeks ago my 8 yr old boy was watching me work out a new cycle method that is pretty good at picking market turns as well as direction. So I moved the cycle around testing the hypothesis historically and he understood the concept of it pretty well. I told him to move it to a point that projected in to the future and then tell me what direction to look for a trade. He picked a spot and then he said down look for a move down. So basically my kid forecast a down move 2 weeks in to the future.
That point arrived today and he's up 100 pips. He was pretty excited all weekend waiting for the market to open and get the trade on. He saw when it was up 20 pips and had a pretty good smile. I'm sure he'll be ecstatic to see it was up over 100 pips. I opened a small account for him and this will be a fun way to get him in to the trading game and build up his savings.
2 comments:
Very interesting thread; I too agree with the list, though I would add a few more events to it.
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Wow... no way.. your boy?! hes 8 and he does cycle trading.. i bow down to you and your son.. i just learnt it recently JR97, i am bumapatria from FF, hes amazing, i wish you were my uncle or something ;)
take care JR, see you in FF
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