He's got a better shot at owning a successful restaurant. Failure rate in this biz is greater than 90%.
destriero, If failure rate is so high, then why do people trade? My answer is, trading offers more than just money, it offers freedom and Time and passion and adventure to do what a person wants to do daily with low overhead cost.
Dunning Kruger. The average trader on this board operates at a loss or earns less than minimum wage based upon their hours committed. Sure, it's a great lifestyle, but only if you're covering your nut.
If he loves trading,why not go to every Investment Bank,Hedge Fund,headhunter and take any job on a trading desk.... I know times are different than when I broke in,but if you can get your foot in the door,you are halfway home.
check out J trader is my tip. then study hard, especially mental behavior in the market, and use Bookmap to get a supplemental of conviction
Just spend his money, then he'll be poor like 99% of us and you'll be happy It's hard work trying to get to the 1% and everytime you think it's cracked something changes or goes wrong or they ban day trading ( 18years ago, which killed me pretty much trading wise )
Let me quote @murray t turtle: So for those of us with average/below average IQ, there is still hope.