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How a Former NYSE Trader Learned to Trade From His Dad

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What have you learned from your dad?

Real Money contributor Stephen "Sarge" Guilfoyle, a former NYSE trader, explains how his dad helped him learn how to invest. 

"My Dad, he's, you know, he was a trader himself. He's still is actually pushing...actually I'm not going to say how old he is. He wouldn't like that if he's watching, but he's older than I am and he's still a trader. He opened my first retail trading account for me when I was 13 years old. I've been trading my own books since I was 13...I did learn a few things along the way. My Dad taught me the simple things like the basic fundamentals, how to monkey around a balance sheet a little bit. PE ratios, what they mean, how to follow earnings," explained Guilfoyle. 

Related. Jim Cramer's Advice For Setting Up A Portfolio For Your Grandchildren

Watch:How Trading on the NYSE Floor Has Changed, According to Sarge

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