Which is why it's a good idea to NEVER deal with any family members when trading or advising. True story. In 1994 my mother called and told me her broker advised her to buy CSCO. I told her I didn't want her in tech at that time, as I feared her broker would start to churn her account. I don't need to detail the lost opportunity in that one phone call. A life changing moment. So years later, despite the fact that I trade OPM and do very well, to my entire family I'm the last one to turn to for advice, of anykind. Everytime they think about the lifestyle they coulda, woulda and shouda had, I'm a bum. Lesson learned. Just don't do it.
Great advice truthteller. Humbled and depressed....is that like dazed and confused? I dont gets no respect, i tells ya.
Couple of ideas. Next time just tell her your software is down. Odds are she will forget about it. Also women want a man who acts busy. It is Darwinian. Women who hung around cavemen who never left the cave during the day to hunt didn't eat too well and didn't live to reproduce. Women learned to hang around men who acted like they could feed them, take care of them etc. This is why women get pissed off at men when the sit around doing nothing but watching TV. A little impluse goes off in their brains that alerts them to the fact that her man ain't out doing somthing for her and it bugs them. So stay busy, learn to cook a little and make money and that's all it is to it. John
"Then one day my wife comes screaming in my office "BUY VRTX!!!!". I'm saying to myself, wtf is VRTX? I can't question her, there's serious ramifications, if it loses money we all know what that is, if it goes up and didn't buy, I'll never hear the end of it. Then the risk of being cutoff!!! I hate being put in this position and had to buy." You shouldn't be running any kind of business or trading, if your actions are dependtant on when your wife gets a wild hair up her ass about a stock. I'm not a successfull trader yet, still studying myself. But, I do run a very successfull home business. If I had listentend to my wife, "don't start that until you have some more money saved.......................translation work your crappy job until I think you know what you are doing." Many times I have had to tell my wife, "this is my business, I don't need a boss, or your opinion, when I do I will let you know." If you wife wants to trade let her do it on her own on her own computer, and put her in her place. sorry, but you need to grow a set and be the man, especially if you are going to start any kind of business or trade. A wife or relative allowed to second guess and to make comments on your every action, (when they don't know what the hell they are talking about), will only sink your ship. I have told my wife in so many words this is the reason why I don't need her input. It has been my experiece that partnerships with friends and family, (wether meant or implied,) don't work well in business. Just like an Army there needs to be clear chain of command. If you were hired as a professional to trade for company, or started your own company and had others under you, your wife woudlnt' have the teremity to barge in and tell you what to do would she? You need to set boundaries NOW, before it's too late. Also, my advice. Don't discuss finances with your wife. They don't understand losing money to see a profit in the future. Most wifes will only see the loss of money, and think, you should stop. They will always think your fing up and that since YOU are doing it you are going to fail, since you may have never run a business before. The money I've spend getting my business successful enough to pay all my bills and save up money, and live a nice lifestyle, would have made my wife cry bloody murder. But, in the world of small business it's probably pretty average. I don't mean to come off as a jerk, but all the replies I read were too touchy feely thought I'd give you some real adice instead of just complaining about my wife too.
Ric, appreciate your intent. I'm pretty new here and saw the psychology section and posted this stuff in jest. My wife is sharp. Volunteers at a Hospice and helps with a Hepatitus C support group, we do what we can. That's why we had the heads-up with respect to VRTX. Also, no problems with my trading. Thanks for the concern. I'll try to minimize my dry sense of humour. --jeff
When i am going short with a small number of contracts, i hope that i wrong so that i can go short at a higher level and again. My wife thinks i am crazy losing money, and i see that as the investment for next ride prices going south, and then i have a proper number of contracts
========== This is one of the more complex trading questions have seen in a while;& noted some excellant trend answers. a]Also would want to factor my personality in the deal & am thankful for female input, & like elite gift idea, & personal notes. z]Also like female trader input, however like separate female account also and clear chain of command for sure. ========================== Ps Speaking of personal notes DR.Lehman /SKY Angel noted the middle born kid [ like me] likes to find peaceful solutions. z-7] Love apples from Chile, but did not vote for a female president in Chile, still love apples from Chile; fine if she wants to buy in a biotek, that moves from $140 to 35 or $40 in a month. Doesnt mean i will want long-buy into it.
Thankfully, my wife couldn't care less about trading. Don't tell your wives about your profits. They just expect it the next time. They don't understand that losing money is part of the game.