[Blaiserboy]

I will be interested to see your daughter start to post, I am sure her thread will be of great interest as she starts to show up the experienced traders......

[thalestrader]

Originally Posted by Blaiserboy »

I will be interested to see your daughter start to post, I am sure her thread will be of great interest as she starts to show up the experienced traders......

I don't know that I'll let her post anytime soon.

I do let her read my posts here, as well as some of the other participants posts after I have previewed them (she is a fan of DbPhoenix, although this may have more to do with his avatar than his posts; and she does enjoy his blog), and I did register a user name for her here at the forum.

However, I have obvious concerns about allowing her actively to post on any internet forum, let alone one where the other particpants are nearly 100% adult males.

As far as her trading goes, she has been showing me up lately.

Best Wishes,

Thales

[Blaiserboy]

I think its great that she seems to be in tune with price at her age.....(and I well understand your concerns re posting)

I know that she has probably received some advice from her Dad, but I have an idea that she may be on her own for decision time...... I quite admire that you have exposed her to the markets..!

[thalestrader]

Originally Posted by Blaiserboy »

I think its great that she seems to be in tune with price at her age.....(and I well understand your concerns re posting)

I know that she has probably received some advice from her Dad, but I have an idea that she may be on her own for decision time...... I quite admire that you have exposed her to the markets..!

This morning she was sitting at her computer watching her charts (the first thing she does when she gets up is turn on her computer and open her charts - she is usually in the office before me). I knew she wasn't going to trade this morning, becasue she was going out to a movie with my wife and our other children. Next thing I know, I see her entering an order. "What are you doing," I said.

"I'm entering an order to sell the EuroYen."

"I thought you were going to the movies."

"I am," she said, "don't worry, I'm entering an automatic stop loss and a take profit order too."

"What happens if you were to get stopped in while you are out but price doesn't reach your profit target before reversing?" I said.

She laughed and said, "Why wouldn't it? Of course it will hit the target, look at the chart, there's nothing to stop it!"

Well, she is still at the movies, but I see that she also has made a nearly 100 tick profit on her EURJPY short and she is out of the market.

They say that people learn foriegn languages better if introduced to them at a young age. Perhaps learning to read price is no different. But I have a feeling that much of her success is that she is psychologically immune at this stage of her life from the fear of loss that cripples so many from doing well at trading. Also, she has a lot of confidence in what she is doing, because her daddy taught her. I could teach an adult trader, with whom I have no prior relationship of trust, the same way I taught her, but he would likely still desire the "security" or "confidence" that is sought in "confirming indicators."

Who knows? She is having a blast, and her momma and her pop pop (a long time trader himself) are getting the biggest kick out how well she is doing.

As for me, I am as proud of her as I could be, but then again, I have been proud of her from the first I saw her.

[SunTrader]

Not sure if this was mentioned yet, but the 'market price' in forex is the change in the bid and not actual trades.

So where a stop is located and maybe not hit is because maybe the bid has only moved to there and not trades themselves.

[BlowFish]

But I have a feeling that much of her success is that she is psychologically immune at this stage of her life from the fear of loss that cripples so many from doing well at trading.

I think most traders start out like that regardless of age. It is quite possible that kids are better able to deal with setbacks too, and that it is over time with various pressures to perform that we develop mechanisms and emotional reactions that don't really serve traders well. And kids are probably not too encumbered with all the notions of financial security, wealth and avoiding risking what most have to work long and hard to gain.