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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$2.32 |
Change
0.005(0.22%) |
Mkt cap ! $434.5M |
Open | High | Low | Value | Volume |
$2.33 | $2.34 | $2.30 | $553.0K | 239.8K |
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No. | Vol. | Price($) |
---|---|---|
3 | 1186 | $2.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.32 | 20185 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1186 | 2.310 |
11 | 42444 | 2.300 |
14 | 61092 | 2.290 |
10 | 38164 | 2.280 |
8 | 43663 | 2.270 |
Price($) | Vol. | No. |
---|---|---|
2.320 | 20185 | 9 |
2.330 | 32514 | 9 |
2.340 | 21984 | 6 |
2.350 | 82358 | 3 |
2.360 | 5731 | 2 |
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