Trading using someone else's funds

[Kelvinid]

I wouldn't in any way advise anyone to embark on thus suicide mission in the name of be a fund manager. Those funds managers are the most unlucky individual in this cryptocurrency industry due to cryptocurrency volatility. This made many of these find managers end up in cell because of misappropriation of funds. Holding some buy coins from peoples money should be discourage because the current market can't be determine from anywhere soon. I prefer to trade with my hard earned money than someone funds.

How can someone to have enough experience if they don't even have $100 to start crypto trading on their own, hundred dollar is pretty good amount to start and one who have skills can multiply the capital into many times in very short term period then why they need someone's money to start their career.Using someone's money will add more responsibility which can alter your decision making skills towards risky trades.

That is very difficult when you are handling the money from others, it something gives you pressure to work it well unlike when using our own money. It is soo much expectation they'll give to you because they trust you and they know your skills. But the question is, what if you fail their expectations? How do they treat you or have threatened you in back?
That is why I suggest having our own capital in trading and let them work if they want to trade than to be bothered when there is a failure. because that is hard when a misunderstanding arises and turns into blaming each other.

[1715361594]

1715361594

[Eureka_07]

Well why the hell do you want to accept the loan if you are such a 'self proclaimed good trader' when you can easily trade with your own funds and grow them to trillions ( as you are a good trader). Why split profits when you can have it all ?
The answer to my question lies in the very fact that there is something shady about you (may be you want to lure some newbie to contact you for trading).
How come you be a good trader when you do not even know how to divide profits ( simple percentage math) ?

He actually said that those people who entrusted their funds to him are close-friends of him. It was never a random person.

In fact if I am the one who witnessed him on how successful his trades are,  I will be willing to entrust some of my funds to him (if I found out that he is a lot better than me). And of course it still will depend on our deal.

Maybe he is not just that very good in math or maybe he is just confused because their are many numbers to count on. That is why he is asking for some help.

[TheGreatPython]

it something gives you pressure to work it well unlike when using our own money. It is soo much expectation they'll give to you because they trust you and they know your skills. But the question is, what if you fail their expectations? How do they treat you or have threatened you in back?
That is why I suggest having our own capital in trading and let them work if they want to trade than to be bothered when there is a failure. because that is hard when a misunderstanding arises and turns into blaming each other.

When handling others money will get you more pressure than it is highly recommended not to go for it. Because you must trade without any external pressure as it will be impacting in our trading performances at a higher degree. So, to make good results from your trading, it is always recommended to go by eliminating all possible emotional things.

At the same time, I heard people are feeling free when they are handling others fund because they are not caring anything about (unlike how they feel when they do trade their own money) which makes them to take decisions as per the technical analysis rather than modifying the decisions according to greed or aggressiveness.

I agree when you are trusted by someone else for their funds then definitely you will feel extra pressure which might be impacting on your trading performances. We considered in all these, it seems it is always good practice to trade with our own funds rather than trying to make use of others'. Because trading without  pressure must be more important rather than having bigger capital to try out all of our strategies.

[DarkDays]

Your math is completely correct.

Since your friend loaned you 23% of the principal amount (your money + his combined), then 23% of the final sum can be attributed to his investment.

Therefore even if you ended up with $100,000, then you could say 23% of this ($23k) is attributed to his investment.

Then you'd simply give him half of this $23k as per your 50/50 split arrangement.

That said, I'd seriously avoid playing with other people's money, but if you do, make sure he agrees you're not liable for any losses.

[Ronaldcoin2017]

Well if there are someone who doesn't know how to trade and asking youre help maybe you an extend a help on them. But you need to make a waver that you should not be liable fo any loses since trading is not that easy to earn. In my part all i can suggest is to trade your own funds and not the other funds so that you can have a peace of mine and if you loss for some reason  there is no problem beause that was your funds.

[rodskee]

Well if there are someone who doesn't know how to trade and asking your help maybe you can extend a help on them.

Helping someone always taking responsibilities, you also have to prepare
yourself from this obligation.

But you need to make a waver that you should not be liable for any loses since trading is not that easy to earn.

This one will be the most important matter, having a waiver or written
deal that there's no  guarantee
As results will be depends from how the outcome of your trade will push
thru.

In my part all i can suggest is to trade your own funds and not the other funds so that you can have a peace of mine and if you loss for some reason  there is no problem because that was your funds.

It's better than anything, using your own money will not adds any burden
to you, as you can proceed without any worries,
Whatever happened to your trade it's your own money that you are using.

[sebr1ng]

I too have been asked many time to trade friend's money - never did. The extra burden is not worth the risk. If I'm good, I rather profit from my money, because the "trader manager fee" isn't worth it.

[el kaka22]

I agree when you are trusted by someone else for their funds then definitely you will feel extra pressure which might be impacting on your trading performances. We considered in all these, it seems it is always good practice to trade with our own funds rather than trying to make use of others'. Because trading without  pressure must be more important rather than having bigger capital to try out all of our strategies.

I had something resembling this, I didn't trade but my friend saw bitcoin going to $20k back in 2017 times and he wanted to buy some, I said it is not going to be easy and he would have to wait years to make a profit because he was too late, and he said its fine and he got some. Obviously bitcoin dropped like crazy in the end never to recover and he just sold at half price instead of waiting, he wasn't upset or anything, he didn't put in too much money, it was like half of what he earned that day alone, so it was small amount, but he just felt like "bored" or something from waiting for it to do something so he got out.

Even with that small tiny detail of story, I felt bad because I could have warned him and tell him not to buy because it was hyped at that moment but I didn't know if it would continue and if he missed profit that would have been bad too so I didn't know what to do and helped him.

[Lanatsa]

Your math is completely correct.

Since your friend loaned you 23% of the principal amount (your money + his combined), then 23% of the final sum can be attributed to his investment.

Therefore even if you ended up with $100,000, then you could say 23% of this ($23k) is attributed to his investment.

Then you'd simply give him half of this $23k as per your 50/50 split arrangement.

That said, I'd seriously avoid playing with other people's money, but if you do, make sure he agrees you're not liable for any losses.

Calculation is right and what matter most here most of the time is on the agreement between both parties.They should set terms that cant really be altered so that in case of possible losses then they can arranged it up without any conflicts of interest.

Also in my side i wont really be that too confident on trading on someones funds.I dont really feel to have some burden in my back that someones being dependent on my and just dont like
that someone would blame me in case i do make losing trades.

Its better to trade on your own and confidently enough that you dont have any responsibility from behind.

[Lordhermes]

This thing is a little bit confusing and very risky to think. No man in this world would ever entrust his money to someone else  without guaranteed profits unless his money does not matter to him at all. Earn your own income from your own capital. Do not just rely from others for funds because trading itself would also mean losing the funds in just a blink of an eye if you are not really good at trading coins.

The problem with traders that exercise such behavior is laziness. It causes a deep sense of low self esteem, giving funds to someone is something risky and not appropriate, experience is the best teacher, it's just a simple step of joining, getting into it, loss or gain, learn from lesson, and finally move on again, it's just that simple. 

[glowing10]

I too have been asked many time to trade friend's money - never did. The extra burden is not worth the risk. If I'm good, I rather profit from my money, because the "trader manager fee" isn't worth it.

The risk in trading always exists and that stress of trading on somebody else money just increases and better not to overburden at times. Even I think trading for our self without own money is much better atleast we are not answerable to anyone other than our self. Volatility is always there so at times you can get the trade wrong and can lead to some losses as well which is though a part of trading itself.

[metenjean]

We can make conclusion after trading will get much money and  every day always get profit, always take half your money and save on your pocket, for trading use your other money because trade is risk some time could take much profit and another time we can't lost all our money. You must know what have to do with all your money.

[CarnagexD]

I don't care about funds if where they came from because in practical terms  the most  popular is to how to handle it to grow with your own effort and I believe that it would be connected into a good services with benefits most especially if your capital is insufficient. So using someone else fund is good for your own choices to be a part on trading technology.

It is not the best option to trade using someone else's fund or to hire someone to trade for you. You should not work for other people, you are your own boss and you need to make yourself become successful in trading. When you trade someone else's fund, your success is not really your success and the profit that you've earned is not all yours. That's the main reason why I don't engage with that, I trade with my own will, I trade with my own assets and I trade with my own skills. Growing your money with your own effort and hardwork is the most satisfying and worth it that you will experience in trading industry.

[bitgolden]

I too have been asked many time to trade friend's money - never did. The extra burden is not worth the risk. If I'm good, I rather profit from my money, because the "trader manager fee" isn't worth it.

That's right, no matter how good you are in calculating profit and loss, it will still be a burden on your own for your trade and if your friend wants to get a profit in trading, then it's enough to give your input and other suggestions so they also have the courage to trade in its own way.

When you are trading with someone elses money, there is either an added stress or maybe you are even more free because you just do not care.

I mean trading someone elses' money should be a little bit more freeing because in the end they did trusted you and that means you must be decent, if they trusted you wrongly and you are not good at all and they are just idiots to trust you with their money, that is their problem and not yours. You should just trade however you want with it and do whatever you want with that money.

This is obviously not just right thing to do, definitely not right thing to do, but it is at least a bit decent thing to do considering we are talking about trading here and not life related thing, you are not giving them your kidney, you are just trading money and that's it.

[tbterryboy]

I don't care about funds if where they came from because in practical terms  the most  popular is to how to handle it to grow with your own effort and I believe that it would be connected into a good services with benefits most especially if your capital is insufficient. So using someone else fund is good for your own choices to be a part on trading technology.

That is correct but if you take money from friends and people who are close to you then sometimes the relations are destroyed because as a trader you would sometimes have losses and it is hard to confess and explain it to your friends while if you had taken a loan from a professional you can just directly tell them and ask for more time.

I always prefer to take loans from professionals and neutral people because it makes much easier to explain them the situation while when family/friends are involved you feel hesitant explaining your true situation and discuss openly.

[Lanatsa]

I don't care about funds if where they came from because in practical terms  the most  popular is to how to handle it to grow with your own effort and I believe that it would be connected into a good services with benefits most especially if your capital is insufficient. So using someone else fund is good for your own choices to be a part on trading technology.

It is not the best option to trade using someone else's fund or to hire someone to trade for you. You should not work for other people, you are your own boss and you need to make yourself become successful in trading. When you trade someone else's fund, your success is not really your success and the profit that you've earned is not all yours. That's the main reason why I don't engage with that, I trade with my own will, I trade with my own assets and I trade with my own skills. Growing your money with your own effort and hardwork is the most satisfying and worth it that you will experience in trading industry.

That kind of feeling would surely be felt by someone who doesnt really like to work under with someone else.If you do feel that way then i do have also the same feel too that i wont really trade up for someones money

and he do just simply sit and wait up for the fruit of my hard work and skills.It might be a little bit selfish way of thinking but people are way too different when it comes to decisions like this.

i would like to be my own boss with my own time.If someone do forces out then just tell them about the risk and they shouldnt blame you off.

[Rebisco]

For me it is okay to use someone else funds especially for those traders who doesn't have enough capital to start trading but the risks are too high especially if you are just starting out. Using someone else funds are okay just make sure that you have prior experience in terms of managing money and also trading cryptocurrencies at least 6 months.....

I wouldn't in any way advise anyone to embark on thus suicide mission in the name of be a fund manager. Those funds managers are the most unlucky individual in this cryptocurrency industry due to cryptocurrency volatility. This made many of these find managers end up in cell because of misappropriation of funds. Holding some buy coins from peoples money should be discourage because the current market can't be determine from anywhere soon. I prefer to trade with my hard earned money than someone funds.

There is only two outcomes, either you can multiply and grow it or you can lose it. It is hard to be fund manager after all and most of the fund managers are experiencing losses especially if they have still not enough experiences and knowledge in trading. It is really depends on the trader if the borrowed money can be a opportunity to earn money or it can be disadvantage especially if you lose the money that you borrowed.

[Barnabe]

For me it is okay to use someone else funds especially for those traders who doesn't have enough capital to start trading but the risks are too high especially if you are just starting out. Using someone else funds are okay just make sure that you have prior experience in terms of managing money and also trading cryptocurrencies at least 6 months.....

I wouldn't in any way advise anyone to embark on thus suicide mission in the name of be a fund manager. Those funds managers are the most unlucky individual in this cryptocurrency industry due to cryptocurrency volatility. This made many of these find managers end up in cell because of misappropriation of funds. Holding some buy coins from peoples money should be discourage because the current market can't be determine from anywhere soon. I prefer to trade with my hard earned money than someone funds.

There is only two outcomes, either you can multiply and grow it or you can lose it. It is hard to be fund manager after all and most of the fund managers are experiencing losses especially if they have still not enough experiences and knowledge in trading. It is really depends on the trader if the borrowed money can be a opportunity to earn money or it can be disadvantage especially if you lose the money that you borrowed.

Well even if you lose it, if the terms were agreed by the person funding you, it should not be a problem. Investors understand that risk is always a part of an equation.

[Yatsan]

I think it is not good to trade using someone else's money for there are certain risk that is associated on doing trades and that includes the possibility of getting loss on the trade you will do or if you are a greedy one which I guess you will not betray your friends who entrust their funds for you to trade and make both profit for the benefit of the two parties.

But since you are a self proclaimed good trader and you full trust your trading skill and capacity, the way you could settle things out is to of course have a deep conversation on how the sharing percentage would be and how you can assure them and yourself that no one will be cheated on the partnership you were trying to plan. By that, you can have a better understanding on how things would work between you and your friend who ask you to use their money as fund for trading. Just assure that using other people's money as fund for trading will have a good outcome or else you will be just end up on blaming each other's out. If you do not want that thing to happen, just teach them how it works and let them do if for their own so that you will not be blamed on whatever will happen because still it is more safer and comfortable doing trades using only your money.

[palle11]

I guess I could always open a second trading account which would keep the funds separate, however, this would be a bit of a pain having to sign in and out of multiple accounts.

Thanks.

Edit: Just so everyone knows, a close friend of mine has asked me to trade with some of their money. They have witnessed my trading and know that I am profitable. It is NOT a random person as others have suggested on this thread. Either way this does not matter and I would like to keep the discussion on topic.

This is the solution to supporting someone who is a trader and isn't making profit or someone who has the desire to invest with you. Open a separate account for the individuals if you are willing to trade for them.
The pain of signing in and out of accounts is fairer than the pain of endless and stressful calculation of percentage of profit or loss of a joint account.