Have you ever traded for someone before?

[Cheema02]

I don't know why someone will even take this kind of risk because it is very dangerous, how on earth will you even trade for someone as if you are very confidence to bring the return for him. The only thing I will advise someone is to trade with what he can afford to lose and also showing strategy on how the trading the works, beside that let him know that it is not guarantee that he will see profit or even see the money he use.

I just been fooled with what they normally see on social media, thinking that particular person just wake up one day and start seeing profit, trading is very risky which is why we have to be careful in getting involved in all this kind of mess, most of these guys are into gambling which is normally the reason why they want to make that money in trading also but it is not possible.

Some people are just too delusional. They might start trading themselves but with a small capital because they can't afford more, and they make some profits in the initial phase, possibly through beginner's luck, and then they become overconfident thinking that they can easily make a lot of money from this market if they have more money to begin with because they feel they have cracked the code. However, there is no code to be cracked, it's all about extensive knowledge and experience, if you have that, you might have a shot, but if you don't, you better not even try.

One should also think, if someone could make money from trading, enough money that they could keep some for themselves and also give you a part of the profits along with your initial capital, why would they do it for you and not for themselves? Even if one has a small amount, if they can make profits consistently, they can make it big eventually, but as you said, such people are not traders, they are gamblers, and they believe they have understood a certain pattern, which basically doesn't even exist.

[New Judgement]

I wouldn’t do that for anyone, not even my closest friends or family members, reason being that I value my peace and I don’t anything that will put a dent on the cordial relationship between me and them. Trading is not easy even with your own money, the pressure and risk are high, talk more of trading with someone else money. I would rather teach the person how to trade, let them trade on their own, than trading for them.

[RockBell]

I wouldn’t do that for anyone, not even my closest friends or family members, reason being that I value my peace and I don’t anything that will put a dent on the cordial relationship between me and them. Trading is not easy even with your own money, the pressure and risk are high, talk more of trading with someone else money. I would rather teach the person how to trade, let them trade on their own, than trading for them.

When you can accomplish that, you will finally be able to do the right thing by not trading for them, thus, they should do it themselves. If they are interested in trading, they should either do it themselves or hire someone to do it for them so they can go to people who let them invest in them and give them their share when they make a profit. However, things like that are extremely risky because you have to return their money as soon as you liquidate.

These are the kinds of things that, on a typical day, they should discourage people from trying to trade for anyone because the more you try, the more risk you put yourself in. Therefore, it is better to just tell them the truth and the risks associated with trading so that they are aware of the kind of risk that comes with trading and whether they are prepared to put everything in, trade, or choose whatever option they believe is best for them.

[Razmirraz]

In 2019, a friend asked me for money for trading purposes. He promised to double the money within three months. Right then I thought, how can he guarantee he’ll give me my money back + profit, when trading is so risky?
I choose not to trust it, because money that is already in someone else's hands is no longer entirely mine. The risk was too high and I didn’t want to regret losing it over a bad decision.
I’ve been active in this forum and in crypto long enough to know how fast things can go wrong. Instead of entrusting my money to others, I prefer to stick to a cautious approach, I chose to buy Bitcoin and hold it for the long term because it is a safer, more controlled investment where the outcome rests entirely in my own hands.

[Out of mind]

As you mentioned, this kind of incident happens to many people, especially a friend of mine made me such an offer that he would take some of my dollars and he would trade and give me an amount every week. But I did not agree to his offer. I know that when he goes to trade, he will definitely not be able to provide security here, because trading can lose money at any time. When he loses money, he will give me various excuses and he will hesitate to return my entire money to me. So I think that you should never expect such a profit by giving your money to others, rather it is risky. But when a person buys the amount of Bitcoin that he planned to trade with and holds it for a long time, he will get better profit than trading. The hope of getting weekly or monthly returns by giving his money to others is very low and the person who agrees to such an offer will definitely lose his money. The most important thing is to invest your money in Bitcoin, which will never disappoint you, but there is a possibility of getting high returns from it in the future.

[Achalugo BTC]

I wouldn’t do that for anyone, not even my closest friends or family members, reason being that I value my peace and I don’t anything that will put a dent on the cordial relationship between me and them. Trading is not easy even with your own money, the pressure and risk are high, talk more of trading with someone else money. I would rather teach the person how to trade, let them trade on their own, than trading for them.

Well said mate, that is the best way to maintain good relationship with others. The only good thing you can do for them is to teach them how they should do the practical part themselves, because that will make them learn and gain better understanding on how to navigate through. Doing it for them may not be of much help and they may even blame you when things go wrong. This can ruin your relationship with them.

[shawonngp]

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 many times for others, as I offered him 60% of the profit from the trade and 40% of the profit to me, weekly profit sharing is very difficult for me, so I assured to give monthly profit sharing, but it also becomes a lot of risk, because it is impossible to generate profit consistently from trading, no matter how experienced you are, I was able to give him profit for 5-6 months, then we were forced to cancel this contract. When I took a big loss because my partner would only take profit, he did not agree to share the loss; he only gave me funds on the condition that I take a guaranteed profit. So I think you should not trade for other people, trade with that amount as much as you can, because even if you make a profit, it will be yours. Trading with other people's funds is stressful.

[nara1892]

In the several years I’ve been involved in trading, I’ve never tried trading with other people’s money regardless of the terms of the agreement even if they were people I knew, and no matter how large the profit-sharing percentage for me might be.

The reason is that, for me, trading requires a great deal of composure, and using other people’s funds as capital can make me feel uneasy when conducting analysis since there will inevitably be additional pressure stemming from the agreement to generate a profit for them. When that happens, it can make me more prone to making mistakes when making decisions, so I prefer to avoid that greater risk and trade on my own.

[Russlenat]

I wouldn’t do that for anyone, not even my closest friends or family members, reason being that I value my peace and I don’t anything that will put a dent on the cordial relationship between me and them. Trading is not easy even with your own money, the pressure and risk are high, talk more of trading with someone else money. I would rather teach the person how to trade, let them trade on their own, than trading for them.

Trading for someone is not really that bad, some are actually doing it. I think it only depends on how you both agreed if ever the trade does not end up profitable. There should be a valid agreement, otherwise, not only you will lost the money and ruin the relationship, but also your peace of mind will be compromised.

But it's still best to trade on your own money and learn a lesson from that trade. That way, you won't pressure yourself whatever the outcome is because you are only losing your own money, and you are losing an amount you can afford to lose.