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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Last
$2.03 |
Change
-0.080(3.79%) |
Mkt cap ! $385.1M |
Open | High | Low | Value | Volume |
$2.08 | $2.08 | $2.02 | $616.9K | 301.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5230 | $2.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.05 | 4154 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5230 | 2.030 |
6 | 40995 | 2.020 |
3 | 5994 | 2.010 |
9 | 43768 | 2.000 |
1 | 25 | 1.995 |
Price($) | Vol. | No. |
---|---|---|
2.050 | 4154 | 2 |
2.060 | 2677 | 1 |
2.070 | 2677 | 1 |
2.080 | 161 | 1 |
2.090 | 15800 | 2 |
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