He bought a house he couldn't afford, lives off his wife, refuses to get a job and has blown hundreds of thousand of dollars. Errr, I'd say that he IS a loser!
He screwed the pooch with his soon to be ex-wife. She no longer respects him if the OP is be believed. She has got to go. He needs to minimize expenses because if he blew 2 six figure accounts, then he was swinging for the fences with S&P futures contracts, prolly the big ones. He needs to aim for singles that the market turns into doubles, triples and inside the parks. Low expenses eliminates the need to score a bunch of runs with two out in the bottom of the ninth. He needs to trade forex because he cannot blow up. If he is left with a dollar he can trade it. He can work a full time job on second shift and miss no trading action. Lastly I am explaining all this because the OP needs to know why I am telling him to do these things.
It's not the lack of price movement that will kill the profession. It's the attack of legislation that will kill it. The writing is on the wall. Be prepared for it should it happen during your career.
I am not convinced that she doesn't respect him. She hasn't done anything wrong in my eyes. He ought to be straight up with his wife though and ask her: 'are you happy with the marriage?' 'Do you want to leave?' If she wants to leave, let her go. Does he really want to be with someone who would rather be with someone else? Doesn't make any sense. If she wants to go, no hard feelings. She should be entitled to pursue her happiness as any free person should. Marriage is a bs arrangement anyway. We make a promise we can't keep and then are expected to stick it out anyway. As others have said before me: this dude really shouldn't give a rat's ass what anybody thinks about him anyway. It you give other people that kind of power you're not living your life. I used to be like that when I was 17, but I grew up. I don't give a rat's ass what anybody thinks of me, except myself. I control my self-esteem. Anything less is just bad thinking.
Perhaps. Perhaps I am a traditionalist and insist that if you have a male best friend it be your husband or bf or whatever you want to call it. She is talking to another man about me, and that man is not gay, or her brother, or father? Seriously? No. Not acceptable. If she is found out, then she is fired, that simple. Again, that is a personal bias.
Unless they require a certain hold time, then I do not worry about the rest. Trading will be a viable way to augment income and in time support you and your loved ones, as long as they allow us to trade our signals. If they want kill intraday trading, expand the timeframe to daily. If they attack daily trading, then we will have an issue.
The regulations aren't heading in that direction. Man can't control time, although in your scenario I suppose you could argue against that. What's more likely to happen is something like the PDT rule for futures or contract limits, which has already been discussed; or, of course, that dreaded 1/4 of 1% tax. I forget which European country it is -- Germany, I think -- who recently voted such a tax. Can such a thing be coming to a country near you? The US is becoming more and more socialist everyday so the answer is clearly, yes. It's possible.
CRGARCIA and the like are essential parts of society. Without them, we would be closer to the lower end of the food chain.