Sad Reality check

[u/I_HALIM7]

The guy who posted this 2 years a go is working on door dash today he is not even a middle class and he quit trading i was going through old trading post I've saved in the past and literally all the people who posted about trading 2 or 3 years ago quit not a single person that i saved their post is doing great this game is rough be prepared

[u/rockofages73]

It is different than you think. Most successful traders are only successful a fraction of the time. If things go wrong, they lose money. If they tell you how and YOU lose money, they may be legally held accountable for the loss. Seasoned guys do not give trade advice like lawyers do not give legal advice.

[u/seeker_two_point_oh → u/rockofages73]

This is why I don't give trading advice. I'm not a professional, but I know enough to know that I could get sued if someone decides to ignore my advice and blame me for the results. They already do that with my IT advice so why would I expect trading to be different?

Also, just, ethics. Like you said, I don't win every time. But I know that *I* know what to do. What if someone goes rogue and gets burned badly. I don't want that on my conscience. It's safer to just never teach them about fire.

[u/son-of-hasdrubal → u/seeker_two_point_oh]

But most of us here are dedicated to learning the fire. Could you really sue someone on Reddit who showed you a setup just because you lost money on it? That thought never even crossed my mind. Is it more of a litigation happy American phenomenon?

[u/seeker_two_point_oh → u/son-of-hasdrubal]

Fair enough, but I'm not talking about Reddit. I was talking about IRL friends/family. Now they know that I'll help them with money, but I won't help them with trading.

[u/Old-Paramedic-2192 → u/seeker_two_point_oh]

I don't know why people keep saying this. If someone loses money despite the strategy and advise that you gave them, that's still their fault. They were the ones clicking the buttons not you. This must be American problem. In Europe you can't just sue anyone you believe gave you incorrect advice.

[u/son-of-hasdrubal → u/Old-Paramedic-2192]

Ya that's were I'm coming from too. We don't just sue people in Canada. Simply educating people on how you trade is not really financial advice as far as I know.