[thalestrader]

Originally Posted by imorgan »

Thales,
You really need to get her to post a couple charts of her trades and have her explain her entry and exit points. We're all getting curious and I always enjoy being taught by younger folks with a fresh outlook.
She must feel like trading is the proverbial money tree with how much success she has had. I remember my first stock trade when I was 16 years old. I bought stock in Sweet Tomates because I was an employee there and they seemed to be a growing company. The stock doubled after a month and I sold for ~100% gain. My dad got worried that I would think that is the way it always works. Looking at my stock portfolio today is a good reminder that making money is sometimes very hard. I think it is probably best for her to have some great gains in the beginning so she is more encouraged to keep learning.
Cheers.

As I've posted elsewhere, I am in no hurry to have her actively post on any internet forum, especially one where the other participants are nearly 100% adult males.

She marks her charts up very simply, identifying S/R, Highs, Lows, etc. She does not have email on her computer, so I'd have to mark them myself or set her computer up with email. I'd prefer to re-do her charts myself on my computer. As she usually only take one or two trades/day, this shouldn't be muchof a problem. I'll try to start doing this soon, if not today.

[thalestrader]

Hi Folks,

We finally had a day with more than three or four candidates offering the type of opportunity for which I look.

COG +92 pennies/share, WYNN +119 pennies and AKS -31 pennies for a total of +$1.80/ share traded.

My daughter was two for three today. She had a losing EURJPY and a winning long EURJPY that ended up netting just over +30 ticks, and a winning long GBPUSD that netted +100 ticks even. Trading at approx. 20 cents/tick (two microlots), her total profit was $27.16, and as she goes to bed tonight, the microlot account has a closed equity of $122.75

Best Wishes,

Thales

[bathrobe]

Originally Posted by thalestrader »

My daughter was two for three today. She had a losing EURJPY and a winning long EURJPY that ended up netting just over +30 ticks, and a winning long GBPUSD that netted +100 ticks even. Trading at approx. 20 cents/tick (two microlots), her total profit was $27.16, and as she goes to bed tonight, the microlot account has a closed equity of $122.75

Thales, I am extremely impressed by your daughters trading. You must be a very good teacher and very proud. Actually, I know you are are a great teacher because of the help you have given me (spotting divergence without using an indicator (MACD histogram in my case)




As for my P/L posts lately which have been infrequent, I have been in and out of town and helping with my family's business.

[thalestrader]

Originally Posted by bathrobe »

Thales, I am extremely impressed by your daughters trading. You must be a very good teacher and very proud. Actually, I know you are are a great teacher because of the help you have given me (spotting divergence without using an indicator (MACD histogram in my case)

I am proud indeed, and a bit surprised at how seriously she has applied herself. I shouldn't be, for she is a very good, highly motivated student at her elementary school. She has just gone off to bed. Each night, she has me print out a few charts for her, and she traces out the highs and lows, identifies support and resistance levels, and identifies any potential opportunities. On the nights that she finds one, we place the orders in the MT4 Demo account, and then in the morning, she hurries to check what, if anything, happened overnight. Eventually, I may have her place trades in her real account, as she has, on balance, done well with the demo trades. I'm just afraid that if she had real orders placed at night she may not get any real sleep!

It will be interesting to see how she responds tomorrow. Today her profit was more than her starting balance was just a few weeks ago, and all of a sudden, I can see that she now feels that this is real money.

And I'm happy to hear that you found the divergence posts helpful. The most exciting thing for me as I developed my ability to trade price only, with no reliance whatsoever on indicators, was the realization that I have the ability to trade any market, anywhere, at anytime, and on balance come out ahead. I'm sure you are starting to realize the same about yourself.

Originally Posted by bathrobe »

As for my P/L posts lately which have been infrequent, I have been in and out of town and helping with my family's business.

You take care of youand yours, and as Motel 6 says (or used to say) "We'll keep the lights on for you."

Best Wishes,

Thales

[MidKnight]

Originally Posted by thalestrader »

Hi Folks,

We finally had a day with more than three or four candidates offering the type of opportunity for which I look.

COG +92 pennies/share, WYNN +119 pennies and AKS -31 pennies for a total of +$1.80/ share traded.

My daughter was two for three today. She had a losing EURJPY and a winning long EURJPY that ended up netting just over +30 ticks, and a winning long GBPUSD that netted +100 ticks even. Trading at approx. 20 cents/tick (two microlots), her total profit was $27.16, and as she goes to bed tonight, the microlot account has a closed equity of $122.75

Best Wishes,

Thales

I'd be lying if I said I wasn't envious of her results. I gotta wonder why you are not trading on forex if you method seems to work this well? Outstanding results. I act about 9 years old sometimes, if you ever want to adopt a son, let me know

With kind regards,
MK

[Dinerotrader]

Thales-
I think that makes like 4 people who are ready to be adopted!
Did you ever read the book Ender's Game. The main character wins a war for planet earth by playing a video game which in reality is controling all the armies in the war. Stay with me here.

Here is what we should do. We should all put all of our trading money into an account that she controls with her trades but we won't tell her she is actually trading with millions of dollars so her calm trading style will continue. We can start the first fund managed by a 9 year old.

I come up with my best ideas when I am extremely tired.

Cheers.

[bathrobe]

Originally Posted by bathrobe »

Good day all around, done early. +5,450

I consider this (short) trade a bad trade regardless of the P/L, you can see from the attached chart my entry and what happened a short time later, I failed to follow my trading plan, was preoccupied, and was not at 100% physically (migraine).

I think some of the best ways to improve is to look at trades you should not have taken regardless of trade outcome.

Chris

[thalestrader]

Originally Posted by imorgan »

Here is what we should do. We should all put all of our trading money into an account that she controls with her trades but we won't tell her she is actually trading with millions of dollars so her calm trading style will continue. We can start the first fund managed by a 9 year old.

My wife and I both got a good laugh from your post imorgan, thank you.