I have had family follow my lead and lose money before. I was always upfront with them that I will tell them what I am thinking, and that they then make their own decisions. If someone close to me is following my advice I always make sure i let them know if my sentiment has changed and I am thinking about selling. Basically if they are losing, chances are I am feeling the same pain so it tends not to cause too much trouble. As others have mentioned you have to be careful about who you tell, but I have found that if I keep them informed about my position across the whole journey, I tend not to have too many issues. its when they complain about a stock and you so, "oh I got out of that ages ago" that the trouble starts.
On a side note, that dud taught me a lot about the importance of the right management. It helped me see early on the potential of Weebit, so i have chalked up my losses to education expenses. The only down side was convincing those who followed me last time, that this time was different. I must admit I did do a harder sell on them this time around, probably because I felt bad about the previous advice and I knew if Weebit made me rich and I didn't drag them along (even if it was kicking and screaming) that I would never hear the end of it.
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$2.55 |
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0.120(4.94%) |
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Open | High | Low | Value | Volume |
$2.49 | $2.65 | $2.46 | $3.607M | 1.405M |
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No. | Vol. | Price($) |
---|---|---|
3 | 8185 | $2.53 |
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Price($) | Vol. | No. |
---|---|---|
$2.55 | 14261 | 2 |
View Market Depth
No. | Vol. | Price($) |
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3 | 8185 | 2.530 |
6 | 19214 | 2.520 |
2 | 4664 | 2.510 |
2 | 650 | 2.500 |
2 | 5100 | 2.480 |
Price($) | Vol. | No. |
---|---|---|
2.550 | 6422 | 1 |
2.580 | 4000 | 1 |
2.600 | 11573 | 3 |
2.610 | 221 | 1 |
2.620 | 1000 | 1 |
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