Have you ever traded for someone before?

[Hatchy]

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 for someone is just another level totally. Before you get to such level you must have fully understood your psychology level and know how to protect your capital at all cost. You should have an excellent skill in risk management because your clients will not be happy to see that on an account which you claim to manage you simply couldn't pull off any single profits at the end of the day. I've seen many traders who in a short period of their trading journey suddenly begins to request clients for account management and this is where the beginning of their problem comes from. You shouldn't rush into account management because of the kind of profits that's involved because the risk is just too much and could call for serious crime charges..

[snowpega]

...
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.

You really gave him a good piece of advice, and I appreciate that. By the way, did you accept his proposal or not? And honestly, if I were in your place, I would never have accepted his/anyone proposal in such a way. Did you guys discuss those consequences in terms of the money lost or washed in trade swing? As you guys just discussed profit, which seems more like a dream haha. Because trading is not as easy as it looks.

And personally, I have never managed someone's funds this way and will never take risks this way. Because it is so obvious that if I lost anyone's money, then I would be responsible for that. But what you did was a great thing: suggesting someone to hold bitcoin for the long term, but with that, you should also suggest to your friend that he must do his research first before jumping into the crypto space.

[Sowat]

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 for someone is just another level totally. Before you get to such level you must have fully understood your psychology level and know how to protect your capital at all cost. You should have an excellent skill in risk management because your clients will not be happy to see that on an account which you claim to manage you simply couldn't pull off any single profits at the end of the day. I've seen many traders who in a short period of their trading journey suddenly begins to request clients for account management and this is where the beginning of their problem comes from. You shouldn't rush into account management because of the kind of profits that's involved because the risk is just too much and could call for serious crime charges..

I completely agree with you. Managing account requires much more then only be profitable in own trading. The success is based on consistency, discipline and risk management, as you manage somebody elses money and trust.

We many see the young traders "taking over" client accounts just because they had "few winning trades". The market is always changing, just winning is not enough, to be really successful you have to have a tested strategy and emotional control, as everybody lose.

Transparency must also be on high level. Clients have to be informed about risks as there is no trader which can guarantee profit. Setting realistic goal is very important but, of course, respecting all the legal and regulatory rules too.

For me, and I think all others involved in account management too should have for instance: tested history, sufficient level of own risk control, knowledge to get through the market fluctuations and much bigger awareness as you get only 10k to 30k dollars to manage someone's money not 1m dollars.

[Stepstowealth]

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 know people who have traded for others, even firms that accepted money from the public to trade for them (MBA FOREX), it never always ends well even though it starts out as profitable and promising. When i want to start trading, I will make sure to try and learn it myself so I can do the trading on my own, or possible be in the position to trade for others not others trading for me. I know using AI is not a guarantee to success in trading, but I will rather get used to using AI to trade than to start trading with the plan to give someone money to trade for me. I think some persons who started depending on others to trade did not always have the plan, some of them are trusting their tutors with money because their tutors have signal groups and have made them believe that they can be making profit by copy trading them while they try to learn, but they never tutor these persons to independence.

[leonair]

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.

Actually, to tell the truth, I am not interested in taking responsibility for anyone. The thing about trading for others is that when you can give him a return by making a profit, he will appreciate your work a lot, but when you lose, he will not be able to accept that loss easily. I have traded for some of my friends and advised them, but when I realized that they were suffering when they lost and they felt dissatisfied with me, I immediately left them. The thing about trading is that only those who can take risks are eligible to trade here. Not everyone can take this risk. So I always trade with the amount of money that I can afford to lose and the set is completely my own money. But yes, I have experience of trading for friends in the past, but nothing was smooth there.

[RockBell]

I can even imagine that people are still doing that because, in the event that the trader loses their money, who do you blame? Anything can happen at that point, and it will be a natural occurrence. The best course of action is for anyone who is interested to take responsibility for their own trading, as I fail to see why you would let someone trade for you when you know what you are supposed to do.

And I don't think I will even accept that responsibility from anyone because I know what it takes to trade and I also know the challenges it comes with,   and they need to just learn the same way that have learned because trading is a lot, and if they lose there money then they will blame you so if they should lose it then self then they will have a better understanding of the whole.

And I don't think I'll even take that responsibility from anyone because I understand what it takes to trade and the difficulties that come with it. They should just learn in the same way that I have since trading involves a lot of money, and if they lose it, they will blame you; therefore, if they lose it themselves, they will have a better understanding of the whole.

[Franctoshi]

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.

Op, I bet you that you will lose your friend's money if you ever try to trade for him. The question is, have you been successful in trading for yourself? Let alone trading for someone else. The pressure that comes with it is in no way comparable to when you're handling your personal trading account. Except if you both have an agreement that if you lose the money, your friend is not gonna hold you accountable, but that's even him giving you a certificate to blow the entire account because you are surely gonna mess up.

Management of a trading account is meant for professional traders. I tried it, and the result wasn't funny.
Op, stay away from it if you are still learning.

[Royal Cap]

Actually the thing is everyone is happy when there is a profit, but when there is a loss, blame starts to be placed. Then the issue of money becomes bigger than friendship. So it is safest to take responsibility for your own portfolio yourself. Then the decision of both profit and loss is yours, and there is no opportunity to blame anyone else.

And speaking of me I would not want to take responsibility for trading for anyone else, because being a good trader and taking responsibility for other people's money are not the same thing. The market is always uncertain, so even a skilled trader can face losses. Then people usually blame the trader, not the market.  So if someone new is interested, I would suggest to teach them instead of just letting them trade. This way they will learn on their own and be able to take responsibility for their own decisions in the future.

[Bitcoin_people]

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.

A few years ago, when I didn't know much about trading, I used to trade by taking their signals from Telegram channels. There are many Telegram groups that give signals for trading, although I think they are not very acceptable, nowadays they mostly advise trading in scam projects. I traded meme coins with some of my money as they told me, although they advised me to buy at what price and how much I should buy, I bought accordingly and later I faced losses. Trading with signals from Telegram channels is not reliable at all, rather there is a high possibility of loss.
Moreover, they give weekly signals and they set a price at which they say to sell, but at the end of the week it is seen that the price does not reach that level, but instead I have to lose. However, I did not get any weekly and monthly returns by trading as those people said, rather my money was lost and I later sold it at a big loss.  And I think that trading should not be done reliably based on the advice of others, but it would be better to take advice from successful people, but you should not start with advice, but you should also gain experience yourself first.

[fredericktaylor]

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.

The first thing is that by trading you can never be 100% confirm that you will make a profit, secondly it is not something that helps you to make a profit consistently. Various researchers on trading say that by trading the market is not a big enemy for a person, a person is his own biggest enemy because if a person cannot control his greed by trading he becomes emotional, due to which the risk of losing money increases manifold. Then no one can help him when he is facing a loss.

From my point of view, I would never trading with or on behalf of someone else because there is a risk of losing money. One wrong move can lead to the loss of all the money. Money helps people get out of trouble, but money also puts people in trouble. At first, your friend may trust you and ask you to trading with his money, but when you lose all your money, your friend may not trust you. He may think that you have kept all the money with you. When he asks you for money, you will not tell him that you have lost all your money, there is no guarantee of this. People do not want to accept the fact that they are facing big losses because it involves the risk of losing money. This will result in you being financially hurt, as well as losing your reputation and harm your friendships which will never be good again. So it is wise to trading with your own money instead of being greedy.