Have you ever traded for someone before?

[AYOBA]

Trading for people that are inexperienced can be very risky and I would not advice any trader to do this, it is better you share signals with them and allow them to initiate or take the risks for themselves instead of handling or  managing their trading account because when it goes wrong they are going to blame you for their losses.

Managing a trading for another person is not good ideal because the trading is very risk and anything can happen at anytime, and when things goes wrong the person is going to hold you as responsible for it. That’s why it’s better you share your knowledge and experiences with the person than managing his account s the best, because whatever that happens he will never believe even though you try to help explain yourself to him.

I have never traded for anyone and I don't think I ever will, I can teach others that are willing to learn and share signals when necessary and allowing people to do it themselves gives them the opportunity to learn their way around the market.

Most of traders prefer someone to be sharing them signals especially those that don’t have enough knowledge about the trading, this signals help them to get a positive return from their trading, but again not everyone can able to handle the signals even when someone share the signals with them, due to lack of experiences.

[Somto9Light]

I have not yet maintained consistent success in trading, so there's no need why I would even agree to take someone's capital and trade for them when I'm not yet successful using my own capital. Even if I become consistently profitable in trading today, I don't think I would take such a risk.

What you say makes sense, but some will trade with other people money when they have little idea about trading and this act can land them into serious problem for them, especially if they use the money of someone who lack understanding or patience, as they might do something very bad to them and it might destroy their reputation and even if they know or understand the market, they should not trade with other people money because they can't tell how the market will be, if it will dips or rise. So, its advisable to just focus on their own and be consistent in it.

[xLays]

This topic I am creating here was a result of what we discussed offline and I feels like sharing here to know how people would reacts as well, while with friends, among us there are others there as well which was saying that he has been trading for a while now that whatever amount given to him that he would multiply it and balance back to them. That isn't a problem but what keeps wondering is that, I have been around this forum for awhile now and I have been seeing how people do lose in trading, even to the point whereby it's advisable not to trade for anyone because you wouldn't know when you will lose the entire money completely. Perhaps,  as we were discussing one of our old time friend that he is willing to give me specific amount to trade for him that he would be satisfied with whatever returns be it weekly, monthly that he is ready. Then I told him, instead of you giving out your money for trading why not buy Bitcoin and hold since that is more safer than trading because I wouldn't want where you accused me of running away with your money maybe after I may have entered wrong trade.

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

Yes, I did it once for my friend. Reason was that he didn't know how to use a cryptocurrency exchange before. He had some coins in his wallet that a friend had given him to try crypto, but he had no idea how to sell or trade them. I helped him transfer the funds to an exchange (my account) and guided him through his first trade. After that, he handled all of his future trades on his own. He also generously gave me 20% of the balance from that trade as a thank you for helping him. I'm very happy with that one.

[Makus]

There are people that are called account managers in trading and their job is specifically to grow the trading accounts of newbies to the agreed amount before splitting their profits, this is how a lot of traders get their extra income but the dangers of doing this are actually enormous. I always encourage newbies to learn how to trade by themselves without someone helping them to do it and as a trader doing this for someone puts you at risk because trading isn't really something that has a specific outcome, you might end up losing someone's money. A lot of times you might get try to be extremely careful knowing fully well that the money is not yours but that doesn't take away the risks.

[yhiaali3]

Yes, I have traded on behalf of a friend of mine several years ago, as I recall, in the bullish season before last, about two seasons ago. My friend gave me an amount of money and asked me to trade on his behalf because he did not know how to trade, in exchange for me taking a percentage of the profits.

It was indeed a very good season and I made very good profits for him, so much so that I doubled the amount for him several times. But what happened after that was that the trend started to change and losses began, so I stopped and returned the money to my friend and told him that the circumstances had changed and I did not want to risk losing his capital.

[rbynxx]

This topic I am creating here was a result of what we discussed offline and I feels like sharing here to know how people would reacts as well, while with friends, among us there are others there as well which was saying that he has been trading for a while now that whatever amount given to him that he would multiply it and balance back to them. That isn't a problem but what keeps wondering is that, I have been around this forum for awhile now and I have been seeing how people do lose in trading, even to the point whereby it's advisable not to trade for anyone because you wouldn't know when you will lose the entire money completely. Perhaps,  as we were discussing one of our old time friend that he is willing to give me specific amount to trade for him that he would be satisfied with whatever returns be it weekly, monthly that he is ready. Then I told him, instead of you giving out your money for trading why not buy Bitcoin and hold since that is more safer than trading because I wouldn't want where you accused me of running away with your money maybe after I may have entered wrong trade.

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

Oh yeah, almost. However, I turned most of them except my gf and now my wife which clearly not good considering the bear market but still holding it until today. I've got a lot of that offer before when the market was greener grass which turn out to be always the case when it's the bull market but right now that's rare or maybe they have some learnings of the market. I've been blunt that I won't accept any trades on my behalf but I'll be glad to guide them and tell them as well beforehand that it's a brutal market.

That way they know and I'm as well save it when something going on with their investments or trades because it's not easy. It's like part education, part guidance. Besides, I'm not comfortable to handle others fund because I can't even manage myself, why would I do it with others? It's easy and blinding to see some gains you see on social media but it's more than a trap tbh to get you broke. It's always the expensive lessons that will makes you wiser. I don't know to those who approached me before continues even today and I hope they would and they're fine but I doubt unless they got that risky appetite.

[The Cryptovator]

This topic I am creating here was a result of what we discussed offline and I feels like sharing here to know how people would reacts as well, while with friends, among us there are others there as well which was saying that he has been trading for a while now that whatever amount given to him that he would multiply it and balance back to them.

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

The bold part seems unrealistic to me. If someone could multiply his balance, then he really doesn't need to take money from others anyway. He could multiply his own money, and that’s how once a day he would become a billionaire. That sounds like a Ponzi scheme, as we can see they promise to multiply your balance.

However, I even dare to suggest someone for the trading. Because if someone takes entry on a wrong trade or the trade goes wrong for some reason, then who will take responsibility? If someone is interested, then inform them about potential loss. So they will be aware from the beginning that trading is risky and not a get-rich-quick method.

[Barikui1]

I've done this before.
I had about five people invest their money in my trading activities, and during the bullish period, the results were excellent, but after the bear market turned negative.
However, when I checked, overall, holding was better than trading. With just 2 BTC at the time, holding should have yielded thousands of percent profit right now.

You really tried bro, because I would never take such risk.

Trading for someone comes with an additional pressure that is not good if you are trading the futures market, because we are adviced to trade with what we can afford to lose, so when you trade with someone's money, you always know that you cannot afford to lose their money, even though they might agree with you that they will accept the final outcome of your trade. So it's because of this, I will never trade with someone's money because I just can't afford to lose someone's money, because some might hold it against you secretly or openly if you lose their money in the market.

[BItcoin Guy@]

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

Trading is very risky, I have not traded for anyone before but I know two friends of mine that said that they will give me money that I should help them to trade with the money, I declined it because I know that I can lose the money. Even if I am a very good trader, I can not help anyone to trade, but if they want to learn how to trade, I can help them by teaching them, that is better than trading for them and lose the money.

Sure, When you’re a trader and you get profit, others will like you to guide them or try to give you some funds to trade for them. Because they see you getting profit whenever you're trading, and they will like to trust you and take the risk off you. But it’s better to guide them on how to trade than to take funds to help them out. That will be higher risk, because if you lose, they will be expecting you to give them their money that they gave you. And you won’t feel okay anymore, and you’ll start to think of a way to recover their money back.

We should be thinking wisely and make others understand you better. Trading is not a one-day job, and it’s better to tell them to learn and take the risk by themselves, not under your control.

[Antotena]

Perhaps,  as we were discussing one of our old time friend that he is willing to give me specific amount to trade for him that he would be satisfied with whatever returns be it weekly, monthly that he is ready. Then I told him, instead of you giving out your money for trading why not buy Bitcoin and hold since that is more safer than trading because I wouldn't want where you accused me of running away with your money maybe after I may have entered wrong trade.

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

I have this friend that was trying to force me to help me make do some trades. He has work he is doing and earn well does not have time. He was seeing my Facebook status where I do post my good profits as screenshot. He saw it and says he will give me some capital and we will be sharing the profit. I can tell you that the amount was tempting but guess what? I declined and I told him I don't use people's money to trade, I risk only money for trades I do.

If I'm greedy type I will say he should bring the capital but I know the risk associated with trades and I don't want to put myself in a compromised condition where I will be running up and down if something goes wrong. Funny thing is that I don't know how to trade then like I understand trading now. It's better you decline some offers and have your peace than take something that will turn to probablems later, some sacrifices are not worth it.

[Humblevirus]

This topic I am creating here was a result of what we discussed offline and I feels like sharing here to know how people would reacts as well, while with friends, among us there are others there as well which was saying that he has been trading for a while now that whatever amount given to him that he would multiply it and balance back to them. That isn't a problem but what keeps wondering is that, I have been around this forum for awhile now and I have been seeing how people do lose in trading, even to the point whereby it's advisable not to trade for anyone because you wouldn't know when you will lose the entire money completely. Perhaps,  as we were discussing one of our old time friend that he is willing to give me specific amount to trade for him that he would be satisfied with whatever returns be it weekly, monthly that he is ready. Then I told him, instead of you giving out your money for trading why not buy Bitcoin and hold since that is more safer than trading because I wouldn't want where you accused me of running away with your money maybe after I may have entered wrong trade.

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

I once traded for someone before and it did not end well but the person did not accuse me of anything, but despite that with what I have been seeing with the way some  people having issues with each other because of give helping them to trade ,I have never traded for anyone again. I also do not like giving someone my money to trade because, as human beings, it is always very hard for me to trust another person. If there are trust issues, it will definitely lead to problems.So, whenever anyone asks me to trade for them now, I always advise them to go and earn it themselves. I guide them by directing them to YouTube or by sending them the videos I have. Sometimes, I even advise them to start their crypto journey by first investing in Bitcoin so they can gain some experience.However, the people I usually give that advice to are those who are not desperate to start trading. There are some people who are so desperate to learn and begin trading. I have met some of them before, and even after I advised them, they refused to listen.So now,whatever someone comes to me to learn is what he or she want to learn I will guide them with.

[programmer3666]

This topic I am creating here was a result of what we discussed offline and I feels like sharing here to know how people would reacts as well, while with friends, among us there are others there as well which was saying that he has been trading for a while now that whatever amount given to him that he would multiply it and balance back to them. That isn't a problem but what keeps wondering is that, I have been around this forum for awhile now and I have been seeing how people do lose in trading, even to the point whereby it's advisable not to trade for anyone because you wouldn't know when you will lose the entire money completely. Perhaps,  as we were discussing one of our old time friend that he is willing to give me specific amount to trade for him that he would be satisfied with whatever returns be it weekly, monthly that he is ready. Then I told him, instead of you giving out your money for trading why not buy Bitcoin and hold since that is more safer than trading because I wouldn't want where you accused me of running away with your money maybe after I may have entered wrong trade.

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

I have traded for two of my friends back when legit telegram airdrops were still a thing. I mostly do spot trading and I felt like I was doing great back then because it was in the bull market so prices were all green up and pumping hard. But when the bear market hit, the coins dropped in price like crazy. Thankfully, they were not really pissed at me because those funds came from airdrops, so it was easier to bear. But honestly, that little experience taught me something. Trading for someone else comes with a lot of heavy pressure, even when the money is not really from their bank accounts to begin with. You just start second guessing yourself like every blessed minute and the fear of letting someone down can mess with your decisions.

[Miles2006]

No, I think this pattern applies to experts only not ordinary trader who is still learning, I once came across same situation although this one is different viewing they both understand themselves so there’s nothing like disagreement when the trade don’t go as plan.
This method is same as gambling, gamblers who are experts do help friends bet or maybe share nice odds so no one is left behind. I think giving out funds to a trader to help trade with the expectation of wanting profit or loss shows the person is ready to handle any form of risk which includes the end result because trading is very risky and releasing funds to a friend to help doesn’t guarantee success, I think we all should know the outcome is never predictable so when many try to say they’re avoiding trouble although statements like this are normal but, it’s no one’s fault if it doesn’t work out.

[Alphakilo]

This topic I am creating here was a result of what we discussed offline and I feels like sharing here to know how people would reacts as well, while with friends, among us there are others there as well which was saying that he has been trading for a while now that whatever amount given to him that he would multiply it and balance back to them. That isn't a problem but what keeps wondering is that, I have been around this forum for awhile now and I have been seeing how people do lose in trading, even to the point whereby it's advisable not to trade for anyone because you wouldn't know when you will lose the entire money completely. Perhaps,  as we were discussing one of our old time friend that he is willing to give me specific amount to trade for him that he would be satisfied with whatever returns be it weekly, monthly that he is ready. Then I told him, instead of you giving out your money for trading why not buy Bitcoin and hold since that is more safer than trading because I wouldn't want where you accused me of running away with your money maybe after I may have entered wrong trade.

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

I have traded for two of my friends back when legit telegram airdrops were still a thing. I mostly do spot trading and I felt like I was doing great back then because it was in the bull market so prices were all green up and pumping hard. But when the bear market hit, the coins dropped in price like crazy. Thankfully, they were not really pissed at me because those funds came from airdrops, so it was easier to bear. But honestly, that little experience taught me something. Trading for someone else comes with a lot of heavy pressure, even when the money is not really from their bank accounts to begin with. You just start second guessing yourself like every blessed minute and the fear of letting someone down can mess with your decisions.

It has been the opposite experience for me. I gave a friend who was so convinced he has become good at trading, some funds to help me trade and just like what the potential profits look like, I got interested and gave him my hard earned funds.
Well, it didn't end well and I was pissed at him for awhile because I wasn't so sure I could spare that funds at the time, buh he tried to convince me and eventually I gave in and he lost it all.

That little experience makes me not even trust myself to trade for anyone because I don't like the possibility of a drama ensueing between myself and whoever am trading for. Besides I don't trade as a professional career, I do it occasionally and prefer to hold my Bitcoin safely stored away while I focus on other things.

[Achalugo BTC]

I haven't traded for someone else and I won't try it either, because I'm not ready to take any responsibility or blame. As we know, trade is not something that one can boast that they know everything about it, as one can't control how the market moves and for one to be on the safer side, it's better to focus on their own trading and maybe can help the other person on how to go about it, that is the basics of trading and how they can manage the risks involved but they should  place their own trade, this saves people from a lot of problems.

[Asuspawer09]

I did something similar, It was my sisters who invested some money on my trading, I mean I wasn't just anything crazy or doing future trading it just so happened that its a bullrun and anything goes up not to mention that Bitcoin was doing great so news are all over the internet, social media, etc. So they probably get interested because of that and end up asking me if I can help them to invest.

I didn't actually trade for them but I help them with everything, setup wallet and buying, Told them to buy or pick a blue chip token that they ended up buying, turns out it might be a good move long term, but after a few months it bwcame a lose because of the bear market and they are already keep on asking because they are losing money, I realize that it was a bad thing because they don't understand how long term investments work.

[jossiel]

Then I told him, instead of you giving out your money for trading why not buy Bitcoin and hold since that is more safer than trading because I wouldn't want where you accused me of running away with your money maybe after I may have entered wrong trade.

I've also said the same thing to my friends. When they knew that I am into crypto, they thought that I am a great trader but I am not.

I am honest with them and said that I did trades but it's not consistent and losses have become something regular to me. What made me profitable is buy holding.

I told them that if they want to continue on this market, it's better to do it as an investor and take lesser stress that to trade and chase the trend because it's likely going to lose them more money. Learning takes time and it will also require them some losses but only do what they can afford to lose.

Don't rely on someone and entrust their money as if money grows on trees, don't trust anybody.

[Unknown Op]

We know that trading is very risky so it is not reasonable to manage trading with someone else's money. In fact, if you can profit by trading then your friend will thank you, but if you lose in trading then your friend will blame you, that is the reality. So you should be careful about this.

Personally, a long time ago my friend wanted to give me 500 dollars to trade and said that he would bear the profit and loss, but I did not accept it. I told him that trading is very risky so I do not like trading with someone else's money. And I advised him to invest in Bitcoin instead of trading.

In bullish market, profits are like riding a wave; everyone's portfolio turns green profits profits every where at that moment. We are not genius like crypto experts making profits actually when bear market hits, all those profits are wiped out, and at that moment only real traders, critical thinkers can make profit. In bear market, people think we can't make profit.

Which is wrong, trader make profit in bearish market as well. And think about the energy, mental thinking involved here: holding five different guys money, risking ruining personal relationships, monitoring charts again and again, then sometimes market is not in your favor, then freaking out etc. Without careful planning and proper experience, it can quickly damage your reputation and take a toll on your mental health.

[Rockstarguy]

~snip~

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

People who claim to trade for others to make a profit do not do it because they are genuinely concerned about making money for the person; rather, it is for their own gains. This is why they ask people to give money to them to trade. The few individuals like this I have come across, who claim to trade for others, have always been in financial trouble because it ends up in losses.

Normally, trading involves both losses and gains, but now they guarantee the people they trade for that they will make money for them. Trading for others will only lead one into problems. In trading, it is expected to use your own money and only the amount you can afford to lose.

[Freeveto]

However, have you traded for someone and how does it ends and where you able to meet up to the monthly/weekly returns as said by the person? Share your thoughts so we can learn.

I am also new to crypto trading but I will not advise to trade for someone, because trading is not certain no matter how good you can be, losing in trading doesn’t depends on your expertise even though you can limit it, but the person you traded for might not get any clue about it, and will want to make profit, meanwhile in trading, profit is not guaranteed and you can as well lose your capital due to the market condition.

If the person you agree to trade for did not have any knowledge about crypto trading, avoid taking the decision to trade for them because money can ruin relationships.