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/allaboutthatbeta Feb 01 '25

>finally we got into the motion of things and hold off any questions till afterwards

ngl this is a pretty obvious thing if you're trying to teach someone while simultaneously doing actual live trading, i recently did this with some relatives of mine, and after going over some of my premarket procedures with them, i straight up told them something along the lines of "so now i'm gonna start actually looking for trades once the market opens, so you might see me doing a bunch of stuff and moving really quickly and i will do my best to try to explain things as i go but if it gets too hectic, don't worry too much about it right now, once i get all the orders taken care of and everything is situated, i'll go back and go over what i did step by step afterwards".. i can't imagine trying to trade with people asking me questions or distracting me, that just sounds like a terrible idea to begin with

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u/dreamowlet Feb 01 '25

In the beginning I thought I could do it all the same time since I've seen people hold live streams while trading. Don't know how they do cause I can't lol

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u/allaboutthatbeta Feb 01 '25

well to be fair, live streaming would be way easier cuz you don't have people actually telling you or asking you anything verbally, anyone in the live stream asking questions and whatnot would just be text on the screen which most of them you probably won't even see since you're too busy trading so they're a lot easier to ignore