What to tell family/friends?

What do you tell family and friends when they ask you to teach them how to trade?

 

buy the SPY and DIA and dont look at your account for 10 years

thats what i tell people who want advice

 

everytime one of my friends asks me to teach them i tell them just read these books(like 1 or 2) then come talk to me so you have some understanding of what i'm gonna show you.....thats where it ends :eek:

 

Say I dont know. Seriously, what exactly do traders know except reacting to the fact?

 

TELL THEM WHEN U MAKE UR FIRST 100,000........U WILL KNOW WHAT TO TELL THEM ......UNTIL THEN IT IS THEIR LOSS TO TALK TO U AND ENEMIES FOR LIFE WHEN THEY LOSE BASED ON YOUR ADVICE.........

 

No one has asked me yet.

 

same here-- i tell them to buy the spy and don;'t look back. i never give stock advice for trading -- that's just too loaded.

 

Steve will you teach me how to trade?

 

I tell them that I lose most of the time.

 

Thats not trading.

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If anyone asked me to show them how I trade, I would gladly do it. I'd teach them my strategy, then tell'm to paper trade for a while. If they lose 1000's of fake $$$, who cares, and just maybe they'll appreciate the difficulty of our job.