Unwanted Mentor

Was wondering if anyone had any humorous stories of people trying to bestow their sage trading wisdom upon you, without you requesting it.

Are you speaking from personal experience? :slight_smile:

I have had more than my share of people trying to give me advice. I know there has to be tons of people who have come in contact with the local office “expert” after having had the subject come up at work.

I just got one recently. A relative found out about my trading in the FX market and asked if I was trading on a computer. He than went on to explain how he knows a guy who was one of the first to use computers for trading and made a lot of money in the 70�s. However, now, the market is just too saturated and nobody can really make money through online trading. I almost grabbed my laptop to show him that [I]I[/I] was at least making money while trading online but I just contented myself with being part of the “nobody” group instead.

Most who give me advice aren’t even trading now. I will be in a winning position and they will ask “are you making any money today?” I say well, I am up twenty dollars since this morning. They then state that they were at a seminar one time and the guy told them to take the profit. A profit is never a loss. Then do it again tomorrow. I said well, if I was 100% accurate everyday that would be an awesome strategy. :rolleyes: