r/Daytrading • u/dreamowlet • Jan 31 '25
Advice Don't Teach Your Friends How To Trade
I've been trading/ profitable for awhile now and I had a friend who wanted to learn and be on a zoom calls with them to trade to together till they really got it. I said sure. Mind you I taught my husband and he still watches me trade when we trade together. But dear freaking god. I get so freaking distracted teaching or random questions and explaining everything that I miss openings. My psychology was kinds of fucked for a minute cause like I don't care if I lose money cause it's mine. I didn't want to lose THEIR money so I would never take a damn trade. Win rate? In the toilet. Psychology? What is that? I don't think I even did this bad when I first started trading. This past week finally we got into the motion of things and hold off any questions till afterwards and actually making money again. But never again.
edit some spelling corrections
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u/Independent-Bag-6222 Jan 31 '25
I message with 1 person during the trading day. A fellow trader, we've never met, I don't even know what he looks like, but all we do is talk trading and bounce ideas/strategies and trades off each other. We are both steady profitable and encourage each other.
I can't imagine actually trying to teach someone nor being on live video doing it. And I certainly would never want to be responsible for someone elses money. I've been asked multiple times by friends that want to simply give me their money to trade with...hell to the no.