Post
Topic
Board Trading Discussion
Re: Need advice on platform where I can trade for my friends (not too expensive)
by
AmoreJaz
on 15/10/2020, 21:48:18 UTC

Michal_open_source, regardless of good intentions, do you think it’s smart to invest your friends funds? When it comes to money, everyone should be responsible on their own, because if you happen to misjudge the investment (which is quite possible with crypto), some friends might blame you.

Maybe it would be better to try to teach your friends how to trade, because you know the old saying that you can feed a man once if you give him a fish, but if you teach him to fishing you fed him for life Wink

seems that he does really want to manage his friends' accounts and i think he knows the repercussions of that responsibility

I have already some experience crypto with trading just looking for a good solution to manage more accounts at the same time death69.

SkyRocket.trade sounds good I'll check it out. Someone had experience with that?

I'll look up gunbot too - I want to myself to the one whose trades are copied on other accounts (Binance preferably). I'm doing good without the bots but ill look into the topic.

I would say instead of you making the trade for them without reaching their accounts, you should probably tell them what to do and when to do it, that way you could build some sort of signal group in telegram that they can follow.

You could also put some sort of alert if they are too late they shouldn't react as well, that way if they are there and see you giving a signal they will buy with you and they could sell when you tell them to sell as well, but if they are not there that means they won't make any kind of movement at all as well because they are too late.

This way you are not taking control of anything, which I highly suggest because it is quite important to not take control over their money, even if the website gets hacked or scams they might think you are the cause.

but im with Lucius and beerlover's advice here. better teach your friends how to do their own trading. difficult at the start but it will pay off in the future. and they may thank you for that.
not all the time that you can be in the positive side, but once you are raking negative, dont think that your friends will be happy with your decisions. just my 2 cents also on this situation.