Last Diwali I gave my 19-year-old son ₹50,000 to invest in the stock market and told him that after one year, I would assess his performance and potentially give him an additional ₹5 lakhs for
#investment.
However, my evaluation wouldn't be based on the money he made or lost, but on whether he adhered to the system.
I provided him with
#Amibroker, featuring the
#RSI weekly system showcased on
@Face2Face_ELM by
@viv_bajaj .
His responsibility was to run it once a week and manually execute trades, all while managing his Engineering studies.
I wasn't concerned about his trading profits or losses.
My aim was to teach him the importance of following a
#tradingsystem.
#Discipline and a
#systematicapproach are crucial skills for a
#successfultrader.
While money can come and go, discipline is a skill that takes years to develop, and the best time to start practicing it is today.
As a
#parent, how do you help your children build discipline?
#trading #stocks #market #stockmarket