If their conservative, many traders lose 10 times that. and I personally have a friend who is down like 200k over 10 year period.. still learning..
This whole thread is a joke right? Hiring someone to trade for you doesn't make sense when there is automation... ... and then came the "you can't code context"-argument. So how do you teach it then?
Maybe he sends the sigs over skype or something.. geeze.. I know when I hit it big I plan to hire traders as well, coders, people with HFT, algo, automation experience etc etc and so on... One person obviously is gonna hit limits in their own trading whether it be because the market cant handle any more size, or they psych cant handle the size etc - Gonna have to spread the love to make more and more. And not everyone wants to start a fund! 150 -200 foot livaboard luxury yachts run 25m + some 100m+ So good luck to you! Not to mention 50k to fill up, maintenance is 10%of purchasing cost annually, crew pay, and insurance.. This doesn't even include your private jet or mansions in 10 different countries!