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Teaching my kids about money


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Teaching my kids about money

  #41 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
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Experience: Intermediate
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So we had some heartwarming dinner table conversation the other day.

Daughter: "I traded soybeans and wheat last year now where's my money?"

Me: "You didn't make any money on the beans and wheat, only on short vol, remember?"

Silence.

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  #42 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
Thanks Given: 844
Thanks Received: 1,416

We moved the younger daughter's trading account to Tastyworks in November. She is now 11.

I directed her in making the first trade, which was a UVXY 50d30d put spread. Closed as a winnner.

Most of the other trades since then have been like that. We have also been doing a similiar vertical short TBT, which has been a big winner. And we actually had a conversation about interest rates and government bonds in the car on the way to swimming practice. She cannot understand why the Japanese bond prices are so much lower than the US.

Neither can I.


"Persistence is very important. You should not give up unless you are forced to give up." -- Elon Musk
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Last Updated on January 11, 2018


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