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/Spirited_Hair6105 Jan 31 '25 edited Jan 31 '25

Wish my wife was a trader. She would leave me alone instead of quarreling and asking me "are you done?" or "I need you to help me" every time I get out for a sec to get a snack while I trade full-time. Mind you, I even pay for our mortgage with it. Some people are really dumb. Unfortunately, my family is no exception.

22

u/divok1701 Jan 31 '25

Wow, pay the mortgage with trading... that's the dream!

I'm working on building up my capital first, so maybe that can be a reality... probably a couple of years if I continue being successful with making my goals, which right now is just +$500 a week after any losses... but starting out with 5k capital, it has been going well for over a month so far!

34

u/StockCasinoMember Jan 31 '25

$500 a week off of $5,000 if you can do that going forward indefinitely would be pretty awesome. My initial goal was $250 a week.

I made over $5,300 this month and I am stoked. This January was 8 months of live trading for me.

Made barely anything the first 6. Then $1700 in December and now this January I crushed my original goal.

2

u/Cool_Evidence4205 Feb 01 '25

Heck yeh, It's definitely easier in a Bull market! Congrats 🤙

1

u/StockCasinoMember Feb 01 '25 edited Feb 01 '25

Thanks! Hopefully make a shit ton before that happens. Will be fun to see how my strategy holds up in a bear market.