I mentioned to a friend of mine that I trade so he got all excited, has read a couple of books and has done sim trading for 3 months. After 25 trades he is +50% and even more excited now. I am telling him that this type of return is totally unsustainable and if he ever trades for real, it will be more like 30%/year if things go his way. If things don't go his way he will blow up like thousands before him. I am not sure he really listens to what I am saying. My worry is that he has no money and if he finds the money to trade he will blow up and will end up in the bigger shithole than he is in already. He is trying out various methods that generally include support-resistance and a couple of indicators from what I saw. He holds maybe 1-10 days. Whatever he tried has worked for him so far. I attribute this to the beginner's luck for the most part. I told him that he needs more trades that will cover bear and bull markets and that he needs to pay attention to the unrealized drawdowns. I also told him to look at extreme cases where stocks/markets drop or go up 10-20%/day to get a feel about what may happen when he applies the trading methods he is learning. What else should I suggest?