I understand the risks inherent here guys. I am aware this will not be easy, nothing worth doing is. I understand that managing friends/family money could potentially put stress on relationships. I am not going to be trading options with fund capital. Very conservative approach with a focus on success I have had trading big board stocks in the past. Thanks for the advice. Anyways...I am done posting here, going to focus on this goal.
How many 20 year olds start their own fund? I want to do big things, more important than this thread.
See ya guys and good luck with your future endeavors.
PS) I know you guys think I am crazy ;)
That's because it is crazy, from what we know of you thru your various journals on here.
I say this with all sincerity ..... nobody here is trying to stop you from doing things bigger than posting in some benign stock journal. It's great to have goals. What we're all curious about goes further than just how you'd like to manage peoples' money for a living. The question is, what results have you compiled to even begin to think about putting your personal relationships at risk? What trades or history of trades did you show them to get them to agree to terms?
I don't know about anyone else, but I've noticed you have a propensity to jump around a lot. That became apparent once you hit your big winnings with the options, as you were quick to branch into binaries and futures. Really do think you need to pump the brakes here man. I think the little taste you got has caused you to skip quite a few steps in the journey and you're putting yourself at great risk by involving friends/family. At least when it's only your money on the line, that's all you can lose.
Edited by Rock Sexton - 6/18/12 at 10:27pm