Never talk about the money you make with your friends

Discussion in 'Psychology' started by guy990opl, Apr 30, 2008.

  1. gnome

    gnome


    You could always lick envelopes... heard that pays REAL good...
     
    #11     Apr 30, 2008
  2. clacy

    clacy

    Is it possible that you started bragging a little too much? If you were excited about trading and your success and started talking about it a little too much, they could have taken that as bragging.

    My advice is to down play your success and never talk about what you do for a living with them. Maybe even act like you've hit a rough patch. Just approach it in a very humble way and they might be more acceptable.
     
    #12     Apr 30, 2008
  3. olias

    olias

    I always like your posts. You've got a great sense of humor.
     
    #13     Apr 30, 2008
  4. Cutten

    Cutten

    LOL
     
    #14     Apr 30, 2008
  5. newbunch

    newbunch

    I need to see this in a chart.
     
    #15     Apr 30, 2008

  6. Yes you totally got it. I am always very excited about trading especially with one guy I shared a lot of details on my gains. When we met I had no job and he was a waiter. Now he is still a waiter, but I got a new car, started going out to eat 3-4 times a week, considering moving to a better and bigger place and make in 1 day more than he makes in a week.

    But I know this is only part of the equasion. He never respected me as a friend although he never told me. He always looked at me as a spoiled little brat and a loser sitting home jerking off all day long. My dad always supported me, but when I started investing my dad money and totally changed things upside down, well I guess that was the icing on the cake.

    Yesterday I called him, I asked his opinion on whatever buy the xbox or the ps3 since gta4 is out, I decided to kinda of disappear for a few weeks, I just asked for his opinion.

    He was a total starnger on the phone, I met him later and he gave me back my home spare keys. I guess that I might not make very comfortable people like him. People who have a harsher and different reality then the one I have.

    I also told him that for this year I am up 25% on my entire account he is still with his ol mutual fund.

    Please forgive my english, I am from Europe
     
    #16     Apr 30, 2008
  7. balda

    balda

    I second that:D
     
    #17     Apr 30, 2008
  8. foe

    foe

    haha
     
    #18     Apr 30, 2008
  9. Dude, you said you are in Europe - so I'm not sure if you get the HBO show "Entourage." If not, rent the DVD set.

    If you are going to talk about your success, then you have to be like "Vince" from Entourage. This must be done "to scale" of course.

    Your friend is probably waiting for you to treat him to a hooker or something.

    Take him to Amsterdam. He'll be your best friend again ...
     
    #19     Apr 30, 2008
  10. No offense guy, but it was likely your self assured, arrogant attitude... It came off a little in your posts too. Be careful that doesn’t work into your awesome trading.

    When you make money it's exciting, you feel great and want to talk about it, no doubt... But most people don't want to hear it. Most don't necessarily wish failure on you, but they will start to feel inadequate about themselves for missing out. Then, god forbid, they’ll jump into trading, not prepare / overextend and fail. Then they'll feel even worse and resent you, for doing something they can’t and forcing them to lose money.

    People ask me how I’m doing, regardless of reality + / -, I give them a: “Meh, not too bad.”. Keep it nonchalant, maybe hint and the pessimistic and then move on to something mutual like “Dollar sure is a piece of sh!t, huh?”.

    Accomplishes the following:
    1.Makes them feel good about themselves and their career.
    2.I don’t feel pressured to offer [dangerous] trading advice.
    3.We get to keep being friends.
     
    #20     Apr 30, 2008