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This thread needs to go to the garbage can.

From the sound of the article, didn't it feel like they were deporting them to Iraq? You're going back to UK, just go find another job there...I don't even see the point of that story.

Toxic Tim at it again.

How little capital could you make a living off?? I don't really care, and I don't intend to find out.

That is why this is a theoretical situation. The whole point of this question was to see what everyone's backup plan was if a disaster happened. I could create a million other scenarios to counter your points. What if you got sick and had to spend all of your stake money for treatment? Work...

So what is everyone's "backup" plan when they fail at trading? Let's say you even have an edge, but tomorrow, your edge failed and you went on an unluckly streak that completely killed your account. At what point do you throw in the towel? When you empty the account? When you empty your...

How the hell do you re-inflate the housing values without the same increase in wages and lowering lending standards again? Housing was priced out of range of most people working a normal job. And unless you go back to loose lending (which caused the whole mess), do you think most people have...

He failed miserably. We get it, he's delivering pizza. What else do you want? Can you imagine if you lost your edge and blew your account tomorrow? What would you do? Apply for a job as???

I'm an Inspector Guardian. http://keirsey.com/handler.aspx?s=keirsey&f=fourtemps&tab=2&c=inspector Warren Buffet, LOL. "Move along, people, nothing to see."

But sooner of later, you're gonna be on the street.

Well, the OP didn't mention being a hedge fund manager. All he asked was if a trader can make a living trading the forex. Obviously, if you become a hedge fund manager, you can make a ton of money. Hell, why don't we just say a $20 million dollar fund, and that'll be like 1.5 million dollar...

^ LOL. That's funny.

The guy has a MBA from UCLA's Anderson School of Business, which is one of the top business schools in the nation. That should already be above 99.9% of the posters on ET. It is almost a certainty that he drew up a solid business plan, and thought he had a good chance to succeed in his new...

I'm not sure if any of you started your own business, but it requires basically borrowing heavily and dipping into your own savings. If you wanted to start a friggen McDonald, it would require you to put out $1 million dollars yourself. And if he had started his hedge fund in 2002-2003, he...

If you haven't noticed, Hedge Funds are not exactly hiring...as a matter of fact, there is a recent news report that many MBA managers who got let go by financial instituations cannot find jobs because they are overqualified for most other jobs. And these guys have years of experience, and hard...

I would say if the trader does have not a $100K account, it is highly unlikely he is trading for a living (in the US). I would say you need at least $50K per year return for living expenses in the States. So a trader would need to return $70k year in and year out (after tax, he may pull out...

^ He lost 15K, not made. And even with a 7% return so far, that's 22K and probably more than most people here is making dollarwise so far. Think of it this way, 90% of the people here are not even making any money, so you should be happy that you are part of an elite group of traders...

Same here. I have a lot of respect for this guy. He took a shot with his own Hedge Fund, and it didn't work out. We all took the same shot when we ventured into full time trading. Sure he had an extravagent lifestyle, but they guy also swallowed his pride and took a job delivering pizza to...

^ Why don't you just open one and test it out instead of asking all of these questions.

What kind of Ponzi scheme are you running? LOL. Seriously, I'm still not sure why you would need this kind of protection and hiding asset unless you are doing something illegal, and the courts are going to rule against you. Unless you have employees, and you don't trust them...