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14 Year Old Forex Trader's Lessons

  • #21
  • Sep 14, 2011 7:25pm Sep 14, 2011 7:25pm
By 38 my goal is to reach a six figure income with the help of forex.

Big goal, big risks, and i will hit the ball hard to hit that milestone.
Have I got something on my face, SOLDIER?
  • #22
  • Edited 8:36pm Sep 14, 2011 7:30pm | Edited 8:36pm
Not trying to go off topicc with thread, im 14. but she below is one of the reasons why i didnt have strong emotional intelligence yesterday. I love her...
I miss her..
Attached Image (click to enlarge)
Click to Enlarge Name: Julia.jpg Size: 154 KB
Have I got something on my face, SOLDIER?
  • #23
  • Sep 14, 2011 7:56pm Sep 14, 2011 7:56pm
Quoting Link
Yup, you got the best dad in the world. Mine would have never done this for me, even if I was the best trader in the world
Inserted Video
  • #24
  • Sep 14, 2011 8:00pm Sep 14, 2011 8:00pm
Quoting Price
http://youtu.be/Hd_aN0LAgMo
haha due date..
Have I got something on my face, SOLDIER?
  • #25
  • Sep 14, 2011 8:02pm Sep 14, 2011 8:02pm
Quoting bumapatria
haha due date..
Love that film
  • #26
  • Sep 14, 2011 8:34pm Sep 14, 2011 8:34pm
NZD.USD trade doin well with almost at TP level.

Open EURo.USD sell looking to TP As well.

Both floating 24 pips profit net.

if only i had such discipline when i was in live..
Have I got something on my face, SOLDIER?
  • #27
  • Sep 14, 2011 8:52pm Sep 14, 2011 8:52pm
Quoting bumapatria
... I understand how quitting is how most traders fail at this business, because once you fail, you have a chance to get back up, or stay down.

This time, i'll get back up, step by step.
Sorry to say that: but for a 14 year old, your are so FKING WISE. I noted this on my quote book... if it dont bother you .

trade safe young brother
  • #28
  • Sep 14, 2011 9:34pm Sep 14, 2011 9:34pm
Quoting Link
Sorry to say that: but for a 14 year old, your are so FKING WISE. I noted this on my quote book... if it dont bother you .

trade safe young brother
Link, i don't what you call wisdom, but 'wisdom' should have stopped me from doing a fatal mistake yesterday. My ego was hit hard. I thought life ended. Equilibrium: with every down, there's an up. Like forex: downtrend, uptrend, reversals, retracements. Hell, wisdom is what i try to achieve. But most importantly, emotional intelligence. Im having a difficulty with that one.
Sure, put it on your quote book.
If you don't mid me asking, would you disclose your age to me? This thread is solely for experience and learning steps and anything in between so, yeah.

Many good trades to you friend,


Have I got something on my face, SOLDIER?
  • #29
  • Sep 14, 2011 9:36pm Sep 14, 2011 9:36pm
LESSON #1: Control emotions while trading. "yeah man pfft thats easy". No it's not, and it has been proven. The reason why a massive number of traders fail, is due to lack of emotional control while trading. You already probably have a good-great system technically, but where are your emotions? Trading with no-emotion is a skill only learnt through failure, and im currently learning this one out.
Have I got something on my face, SOLDIER?
  • #30
  • Sep 14, 2011 10:25pm Sep 14, 2011 10:25pm
Quoting bumapatria
Link, i don't what you call wisdom, but 'wisdom' should have stopped me from doing a fatal mistake yesterday. My ego was hit hard. I thought life ended. Equilibrium: with every down, there's an up. Like forex: downtrend, uptrend, reversals, retracements. Hell, wisdom is what i try to achieve. But most importantly, emotional intelligence. Im having a difficulty with that one.
Sure, put it on your quote book.
If you don't mid me asking, would you disclose your age to me? This thread is solely for experience and learning steps and anything in between...
Well, Im 17. I discover forex when I was 15 but I start trading ( on demo only) when I was 16 . On the coming january, I wiil turn 18. I still have few thing to settle tho, but I guess for now I have all the ressource i wanted. The only thing left is self discipline since sometime, I do same thing as you did, revenge on the market : and let me tell you that every time I do so, the market always win. The problem is, If I gain alot on a week, I tend to lose on the next one cause I become to confident. thats my main problem
  • #31
  • Sep 14, 2011 10:27pm Sep 14, 2011 10:27pm
Quoting Link
Well, Im 17. I discover forex when I was 15 but I start trading ( on demo only) when I was 16 . On the coming january, I wiil turn 18. I still have few thing to settle tho, but I guess for now I have all the ressource i wanted. The only thing left is self discipline since sometime, I do same thing as you did, revenge on the market : and let me tell you that every time I do so, the market always win. The problem is, If I gain alot on a week, I tend to lose on the next one cause I become to confident. thats my main problem
I almost forgot, I will try to start trading when I will turn 18. Im saving money for now ( few buck only since I have no time to work, school keep me busy) and i should start a live account with 500$.
  • #32
  • Sep 14, 2011 10:32pm Sep 14, 2011 10:32pm
Quoting Link
I almost forgot, I will try to start trading when I will turn 18. Im saving money for now ( few buck only since I have no time to work, school keep me busy) and i should start a live account with 500$.
Yeah, and try micro account first is the best idea for it. Start with lots of 0.04 less. Once you double, then you can start 0.10 lots and above.

Good luck man,

And to your college life
Have I got something on my face, SOLDIER?
  • #33
  • Sep 14, 2011 10:55pm Sep 14, 2011 10:55pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Well done! bumapatria and Link for ahead start in trading. You'll have very bright future and will achieve financial freedom by the time you're 30's or less compare to your peers. What you have now is the time to learn, make mistakes,correct them and sooner become planet best trader.

I teach my son biz when he understand language and maths. They are simple buy sell biz. I inspire him the stories of Warren Buffet, Lee Ka Shing, Robert K, Korean legend about their high spirit and many more while other children of his age watch Disney channel

And now he is 10 years old, I expose him to demo acc of forex simple buy sell and have him watch me trading live using very simple investing language, buyer and seller terms.

All these are not taught in the school. That's why I say congratulation for starting early to you both.

A trader in this forum called Ronald Raygun also started quite early and far ahead in trading.
All the best to your journey
Shake it off!Lick the Wound,Prey Again!
  • #34
  • Sep 14, 2011 11:02pm Sep 14, 2011 11:02pm
Quoting Megara
Well done! bumapatria and Link for ahead start in trading. You'll have very bright future and will achieve financial freedom by the time you're 30's or less compare to your peers. What you have now is the time to learn, make mistakes,correct them and sooner become planet best trader.

I teach my son biz when he understand language and maths. They are simple buy sell biz. I inspire him the stories of Warren Buffet, Lee Ka Shing, Robert K, Korean legend about their high spirit and many more while other children of his age watch Disney channel

And...
Megara, thank you for your positive feedback and reinforcement, and wow your son is 10, and learning to trade? Me, him, link should make a firm or something . If he has facebook, tell him to add me 'Buena Patria'. I'll be glad to be his friend. Forex is a real lonesome business. Having someone there is good for him, besides his good dad!

The X Generation should be a bomb.
Have I got something on my face, SOLDIER?
  • #35
  • Sep 14, 2011 11:08pm Sep 14, 2011 11:08pm
Quoting Link
Well, Im 17. I discover forex when I was 15 but I start trading ( on demo only) when I was 16 . On the coming january, I wiil turn 18. I still have few thing to settle tho, but I guess for now I have all the ressource i wanted. The only thing left is self discipline since sometime, I do same thing as you did, revenge on the market : and let me tell you that every time I do so, the market always win. The problem is, If I gain alot on a week, I tend to lose on the next one cause I become to confident. thats my main problem
Yeah first week is good. i put my first day i gained 50% from original investment. After that i got cocky and forgot that trading is not a game, and plays with your head. Its Life defined.
Have I got something on my face, SOLDIER?
  • #36
  • Sep 14, 2011 11:10pm Sep 14, 2011 11:10pm
Quoting Megara
Well done! bumapatria and Link for ahead start in trading. You'll have very bright future and will achieve financial freedom by the time you're 30's or less compare to your peers. What you have now is the time to learn, make mistakes,correct them and sooner become planet best trader.

I teach my son biz when he understand language and maths. They are simple buy sell biz. I inspire him the stories of Warren Buffet, Lee Ka Shing, Robert K, Korean legend about their high spirit and many more while other children of his age watch Disney channel

And...
Megara, since your nickname is godfather momentum something, would you care to share your knowledge about momentum? I don't trade with oscillators such as MACD, and RSI, CCI, and i have noticed that quite a number of successful traders use momentum. How does it work?
Have I got something on my face, SOLDIER?
  • #37
  • Sep 15, 2011 12:39am Sep 15, 2011 12:39am
Quoting Megara
Well done! bumapatria and Link for ahead start in trading. You'll have very bright future and will achieve financial freedom by the time you're 30's or less compare to your peers. What you have now is the time to learn, make mistakes,correct them and sooner become planet best trader.

I teach my son biz when he understand language and maths. They are simple buy sell biz. I inspire him the stories of Warren Buffet, Lee Ka Shing, Robert K, Korean legend about their high spirit and many more while other children of his age watch Disney...
Please do not forget to mention GEORGE SOROS to him. Trust me, it's very important.
Don't just beat the markets, leave bruises.
  • #38
  • Sep 15, 2011 1:44am Sep 15, 2011 1:44am
Quoting Motion
Please do not forget to mention GEORGE SOROS to him. Trust me, it's very important.
"The man who robbed the bank of england". I actually thought he robbed the bank. That's when i was young
Have I got something on my face, SOLDIER?
  • #39
  • Sep 15, 2011 3:24am Sep 15, 2011 3:24am
good luck..i wish i even knew what forex was at that age..
u have a bright future ahead of u assuming u learn from mistakes and dont give up!!!

  • #40
  • Sep 15, 2011 3:56am Sep 15, 2011 3:56am
Quoting nAVIN2007
good luck..i wish i even knew what forex was at that age..
u have a bright future ahead of u assuming u learn from mistakes and dont give up!!!

Thanks navin,

good trading to you too
Have I got something on my face, SOLDIER?
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