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Re: [Re: no trading for 16 year olds?


  • To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
  • Subject: Re: [Re: no trading for 16 year olds?
  • From: Peter G <ktata@xxxxxxxxxxxxx>
  • Date: Fri, 7 Aug 1998 15:45:03 -0400 (EDT)
  • In-reply-to: <199808071859.MAA21964@xxxxxxxxxxxx>

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RTs (Brent etc.):

I fully understand your point about children trading. They cannot be
responsible by law. Still, let's keep things in perspective. It sounds like
we have an intelligent young man who has a strong interest in the markets.
If his parents want to encourage that, he could have a small account after
paper-trading and learning without incurring the kind of risk you're
talking about. One MidAm corn is very different than day-trading the S&P...
do you think he'll bankrupt his family that way? In two years, he'll be 18,
legally an adult. Before he hits college, he'll have a skill that could
serve him well. Instead of 18 and cooking fries wondering what to do, he'll
be watching the markets, maybe scalping, may small-time position trading,
who knows? It's a damn sight better than the crap he'll learn in school,
for sure, and a lot more useful in life. I have friend who, when we were in
grade and high school was not the best student by their standards. He just
didn't work well with those people, yet he could pull apart a TV and put it
back together. Now he builds crazy proprietary stuff, does programming etc.
I say: "Good on 'im!" Get off his case, stimulate his thought process like
you would anyone else on the forum. He's ahead of most of the world, isn't
that a good thing?

PG

P.S. Best of luck Hao-Min, don't bother "revealing" your age, it's nobody's
business. If you can hold your own, that's all that counts.